By Liz Hodgkinson
Allows you to make the suitable judgements approximately each point of estate development - what's definitely worth the attempt and what's going to be a very good funding, from arranging the finance to surveys and valuations.The whole consultant to Renovating and enhancing your home is helping readers make the perfect determination approximately each element of estate development – what's definitely worth the attempt and what is going to be a superb funding. Informative and stress-free, it offers professional suggestion on a wealth of subject matters, together with arranging the funds, discovering a very good builder, venture administration and making plans regulations.Whether you're making plans to adopt significant protection paintings, domestic advancements, conversions, or maybe construct a home your self, this functional ebook is key examining. packed with eye-opening real-life tales and a source part packed with beneficial addresses and internet sites, a person dealing with the minefield of remodeling will locate this booklet imperative.
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Extra info for The Complete Guide to Renovating and Improving Your Property
L What is the supply? l What is the demand? As when buying a home, those who rent will only be able to afford to pay a proportion of their salary. There may be a slight premium achievable for a really nice flat in top-notch condition, but it will not be a significant extra. So you need to find out from letting agents which are the most popular types of rental property in any one area and how much tenants are prepared to pay or can afford to pay. Also, discover whether or not any particular area already has a huge glut of rental properties awaiting tenants.
Rules are not as strict as with listed buildings, but the designation means that definite attempts are made to preserve the architectural integrity of the area. In any case, never leave anything to chance. If you are not sure whether or not planning permission is required, building regulations apply or what you are planning comes under the guise of ‘permitted development’, it is worth making a call to the council involved early on to get an immediate reaction. A glass roof, for instance, has to be made of special glass that is strong enough to walk on.
The unspoken quid-pro-quo is that my builder friend will get the work should I proceed with a purchase. For the last two properties I viewed in this way, the figures just didn’t add up. In both cases, I would have ended up spending far more money on the property than I could ever get back. This was because both houses already had a high asking price and, although improvements were much needed, even a modest 28 Preparation makeover would have taken them way over any possible profit margin. On the Property Ladder show, it’s common for presenter Sarah Beeny to detail a tiny budget with which the developer hopes to renovate an entire house and sell it on for a massive profit.