If you’re an amateur property developer, then it’s really easy to underestimate the cost of the build. We’ve put together a few hints and tips for you to make sure that you don’t make the big mistakes, and lose money on your investment.
Buying in the Wrong Area
When you’re buying a property to do up, you need to think very carefully about who will buy that property. If it’s an up-and-coming area, but it’s still not very nice, then no one will want spend a fortune to live there. You might think that it’s easy to find a gem, but houses on main roads or those in areas with poor transport links will always go for a cheaper price than the same house in a different place.…Continue reading