Renovating an investment property can lead to a tidy profit when done strategically, and has become more popular as property investors seek to create their own opportunities to add value to their portfolio. In this article you will find seven tips to help you plan and execute your next renovation, an infographic and links to helpful renovating resources.
Renovating an investment property can be a profitable investment when done strategically. It has become a popular choice of property investment to add value to a property portfolio, particularly for those who can do the work themselves.
Renovating an investment property can be a profitable investment when done strategically. It has become a popular choice of property investment to add value to a property portfolio, particuarly for those who can do the work themselves.
Renovating investment property is a popular strategy which can give you and your property many benefits, including: increasing the value of the property higher rents improved cash flow Better occupancy rates This infographic gives you some of the essential tips you will need if you are considering a renovation. And don't forget to download our free renovation budget calculator and suburb report pack to help you with your next deal!
When renovating an existing property or buying a property for renovation, there is a lot to consider. What needs to be done? How much will it cost to complete the project? When renovating, especially for profit, it is important to stick to your budget and avoid any blow outs. This can turn your investment from a property that gains value and cashflow, into a deep dark pit of spent money and regret. Here are some tips of what to look out for, what to avoid and how to make sure you keep on track.
Looking to spruce up your property a little to improve the value of your investment before putting it on the market? It doesn't always have to cost a small fortune or take months to finish. A mini-renovation or 'facelift' can be completed over a few weekends, with a modest budget in mind. Here are a few surprisingly simple ways to improve your property for sale.
So, you've found the perfect project - a property below fair market value, it is poorly presented, well below the suburb median price and you believe it has great potential as an investment property you can renovate for profit. Before you start on your renovation however, here is a checklist of 10 renovation mistakes to avoid.