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.
SET A REALISTIC DEADLINE
Things will almost always go wrong during a
renovation, so allow some extra time for problems to be resolved.
Factor additional time into your feasibility study,
along with additional funds, so you’re not caught by surprise.
If the project will still turn a profit, then and
only then should you proceed.
Depending on the size of the renovation, hiring a
professional renovator or a project manager for your first attempt can help
keep everything on track and within budget.
Just be sure to go in with your eyes wide open, and
keep the renovation simple and neutral to appeal to the widest variety of
buyers or renters, and you’ll have a greater chance of enjoying a successful
Right now, at RealRenta Join now and get 50% off the
normal low price:
That’s the cost of 1 cup of coffee a week to manage your rental property
RealRenta also has a free vision, so why
not check it out
Wednesday, 7 October 2020