Given the unpredictable nature of carrying out property refurbishment works, the entire process can often be a minefield. This is even the case with ‘vanilla’ and simple redecoration/cosmetic update projects. Most landlords, property traders and homeowners simply want to know that they can get projects done to a decent standard without being ripped off. Fortunately, although banishing rogue traders is perhaps too much to ask, the process is slowly but surely becoming more transparent – even if you’re handling the process remotely. This extended post starts with some general tips for refurbishing a property from beginning to end. We then outline a handful of useful tools you can use to find decent tradesmen anywhere in the UK. Finally, we run through the main bodies and organisations with whom you can crosscheck credentials (covering general refurbishment, electrical, plumbing, gas safety, windows, … [Read More]
Needing very little introduction, Sarah Beeney’s reputation as a genuine expert in all aspects of property ownership is unquestionable. With a number of varied business interests – including a TV series, an award winning property portal and a popular dating website – her dedicated and strong work ethic has made her a household name and a positive figure representing the property industry as a whole. Please see an interview below where we talked about what Sarah has been up to; the future effects of base rate rises on the property market; protection against negative equity; acquisition strategies; buying at the right price in the current climate; buying to sell; lease options; the growth of the Tepilo brand and the online vs. offline estate agency debate…
With a UK property market considered to be at one of its relative lowest points for decades, the hunger for investors to build their portfolios is ever-apparent. One potential acquisition strategy – that is often overlooked due to perceived misconceptions – is to look into properties that have been left empty by previous owners. Please see an interview below with David Ireland of the Empty Homes Agency with whom we discussed current levels of empty properties in the UK; the effects of the recession on the situation; the housing deficit; the government’s response; what steps can be taken to investigate an empty home; seeking legal advice; available grants for renovating empty properties; getting advice from local authorities; the organisations’ campaign for council tax relief as well as a very worthwhile conference worth attending on May 23rd.
This post gives a brief outline of what to look for when it comes to buying materials and managing property refurbishment. You should, first off, know what a good price is for the items that you wish to buy. Get the following trade catalogues: (i) Screwfix (ii) B&Q (iii) Wickes You can compare what sort of prices these three companies are charging and use them as your benchmark. A lot of builders usually end up going to these suppliers (smaller merchants would often charge more due to not benefiting from economies of scale) so you can know whether the materials quote they are giving you is over-inflated. Labour costs vary according to location, time of year and the job itself but you can get a general feel by phoning around a few builders using websites such as Yell and asking … [Read More]