Tips for Property Refurbishment in South London

Real estate and property are hard earned assets. It’s up to the owner of said property to be able to make profits from it in any way he/she pleases. However, properties need to be regularly maintained and taken care of if they must continue to remain profitable for the owner. The current trend as seen in property refurbishment South London is to purchase worn-out and dilapidated properties, get them up and running and make a profit out of them. So, if one is planning on taking up a project like this, what would be some of the steps and best practices to be followed? First, it is of extreme importance to have a plan and design in place. Would the whole property be refurbished or just some areas like the garden and patio? Kitchens and bathrooms must always be given priority and the budget must be allocated accordingly. Modular kitchens increase the overall look and value. Investing in them can be a good idea. Pay attention largely to the efficiency of the house. That is insulation, boilers, working of the doors and windows should be on point. Make sure the wiring is completed checked and works correctly. It would be terrible to have to tear down everything after redecoration in case you missed checking the wiring right at the beginning. Check out the space for extension, adding an additional bedroom or bathroom can really boost the value of the place. Small things matter most. Ensure there are no leaking taps or moulds anywhere around your property. A simple fence with fresh paint and a well-kept garden does more than it is given credit for. Lastly, always keep an eye on your budget. Renovations mean a lot of expenditure, even if it is as simple as adding a fresh lick of paint or new fixtures. The costs need to be in check so that you do not end up overspending. Doing this will also put a cap on the amount of time you are willing to invest in the said property.

The benefits of buying a doer-upper property are plenty. With a little hard work and smart planning you can buy a fixer-upper property for throw away prices, make a lot of dough post renovation, avoid stamp duty, and overall increase the value of the asset.

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