Be sure to acquire the research and knowledge that
will allow you to mitigate your risk and give you the best chance of real success.
That means knowing how to protect yourself; how to choose
the right property; and how to make sure it’s going to be profitable in the
These pointers will help you on your way:
FEASIBILITY: DO THE NUMBERS ADD UP?
Before you buy any property, you always need to check
the numbers by putting a realistic spin on the figures.
For a fixer-upper, you have to make sure the cost
of the renovation will actually add value to the property.
Have you researched the costs involved?
How do the numbers look if you factor in a 10-20%
And what amount have you allocated to emergencies
Renovation projects almost always go over-budget,
so be sure to include some extra financial padding in your feasibility.
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Wednesday, 30 September 2020