So we’ve all watched the TV programmes – Property Ladder etc. We sit and think we could do better than that, surely it’s so easy! Easy to pass judgement when it’s not you doing it and not your money involved.

There is certainly a lot of skill involved in doing a renovation project. One of the main things that you need to do is TO PLAN. Good organisation skills are essential when doing something like this.

You need to decide on your exit strategy up front. Are you going to buy and hold and let the property out or are you going to refurbish the property then try to sell it – flipping. Having more than one exit strategy will reduce your risk. “Begin with the end in mind” Stephen Covey

Make sure you do you research:

  • Research the area – so that you can really target the sort of people who will want to live there, keep your target market in mind when you start to develop your plans.
  • Find a suitable property.

Remember don’t get personal; don’t be tempted to buy things just because you would like them. Don’t spend lots of money on the latest gadgets or technology. This is not going to be your home; you are in this to make a profit!

We have some great eBooks that will help you with a refurbishment project.

6 steps to choosing the right bathroom radiator

Stylish bathroom heating is everywhere. Once thought of as a bit of a luxury, heated towel rails are now a staple of many homes, adding extra comfort and warmth to bathrooms large and small. However, when it comes to choosing a bathroom radiator for your home, you need a bit more to go on than just good looks. Essentially, towel radiators are multifunctional devices that need to be able to perform a minimum of two jobs. First of all, if your bathroom radiator is your main source of heating in the room, it must provide efficient heating, so it’s nice and warm when you undress for your shower or step out of the bath. You may be able to go for a lower output towel rail if you also have underfloor heating installed but heating efficiency should not be disregarded. Secondly, the advantage of having a heated towel rail compared...
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Is a swimming pool good for your property?

Owning a private swimming pool is a dream for many homeowners and there is no doubt that having your own pool can be fantastic for your quality of life. But if you are thinking of investing in a private pool it is worth thinking about whether it is right for your property. There are a number of different factors to think about rather than just the fact that it will be a lot of fun. Looking around at many of the top manufacturers, it is easy to see how the addition of a home swimming pool can be a fabulous thing. This ‘best pools for a small home’ post on Compass Pools is particularly helpful, but read on for more facts about how swimming pools can be good or bad for your property. Adding value In many cases, having a swimming pool installed can be a fantastic way to add...
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Renovation Hints and Tips

Taking on a renovation project could be a great way to get your dream home or to make some profit from a property investment venture We’re currently in the middle of a property renovation ourselves, so we’ve put together some hints and tips to guide you along the way. Finding the property Make sure you do your research in the area that you are buying in.  The best way to make money in property is to buy at the right price.  Check the sold prices on the street to check the price of the property which you are interested in, is in the right ball park.  The street will have a ‘ceiling price’, so will dictate what you might do to renovate the property, and what to spend. If you will be renting the property, out then check the rental figures in the area to find the yield for the...
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6 Hacks to Make the Most of Your Small Living Space

Any of us who live in the city will know that space comes at a premium. We might love the hustle and bustle of urban life and all the advantages the city lifestyle affords, but one area we tend to lose out on is living space.If you’re finding it hard to swing a cat in your home, you can at least take solace in the fact that you’re not alone. One study found that British homes are the smallest in Europe. Another source claims that the average British home has shrunk by two square metres in a decade. If you’re looking to buy in our great capital, you might be in for a surprise, as the average property price in London is now £472,163, which will get you a small one-bedroom flat.These statistics might sound daunting, but living under these conditions doesn’t have to be a pain. There are ways...
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9 Home Improvements that Don’t Require Planning Permission

When it comes to our homes, “improve, don’t move” has been the latest mantra, as a jittery economy unsettles property values across the country. The biggest hurdle most of us perceive in doing this? Those two dreaded words: Planning Permission.Well, what if we told you there was a way – more than one, in fact – to transform your home without jumping through the tedious hoops of official authorisation? The idea that any building work requires Planning Permission simply isn’t true, and if your home is bursting at the seams, you’ll be pleased to know that there are many options for increasing your space without heaps of paperwork and waiting around.We spoke to Whitehead Builders, a team of experienced builders based in Sussex, about the easiest ways to make the most out of your current home. 1.      Internal renovations Internal changes, such as moving walls, modifying floor levels or reconfiguring...
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