Jump to content

Search the Community

Showing results for tags 'refurb'.

More search options

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


  • Property Hub
    • Announcements
    • Property news
    • Introduce yourself
    • General property discussion
    • I need advice!
    • Progress journals
    • Property Podcast discussion
    • Property Hub University
    • Off-topic chit-chat
  • The Property Hub Summit


There are no results to display.

Find results in...

Find results that contain...

Date Created

  • Start


Last Updated

  • Start


Filter by number of...


  • Start



Website URL



Areas I invest in

About me

Property investment interests

My skills

My goals

Interests outside property

Found 63 results

  1. Hey all! I'm looking to purchase our first property with bridging loan (note we have 3 BTL already but they have all been through BTL mortgages) Anyways I'm looking for recommendations for who you have used before and rough costs? I've seen from 0.5 to 1% per month but that's a massive difference. The property value is 100k and I'll buy it for 100k hopefully, spend 15k on it so I need 120k in total with fees and stamp duty. If ideally like to borrow 60 to 70k over 6 months. Many thanks!
  2. Hi Hubbers, I'm Davide from London, I recently started my journey through property investment and put my first buy to let property under contract (South England) which is expected to give me a 12% ROI, pretty excited about that and about the fact that I will be self managing the property, so will be learning how to do that as well. At this point I'm starting to think about my next deal, I have invested a good chunk of my savings in the first property and for my next one I was looking for ways to avoid trapping all the money in the deal, so thought the best strategy for that would be Buy Refurb Refinance Rent. I’ve been studying this strategy for a while and I understand how it works, but I’m struggling with the followings: Areas to invest in: I’m stuck on this, I believe i need to find something that is close enough to be able to coordinate the rehab or at least be present once a week (maybe 1-1.5h from London?) but at the same time it needs to be an area where it will be rending well. Should I carry on investing in South England where my first property is, or perhaps go somewhere in the midlands (maybe in the Bedfordshire area?) Find the property: I get it that the best way is to find off-market deals from owners that have some sort of discomfort and they want to get rid of the property. I looked into direct mail marketing but I can’t find a mailing list and I’m a bit stuck on how to actually execute it, do you create, print, pack and send letters manually or use some service that does that for you? Which service? Connections: How do I find good contractors for the rehab project? I guess they need to be local to the area, so should I ask estate agents and investors in the area for recommendations? I understand all of this might sound confusing but essentially what I need is to speak to people about what I want to do and get feedback/suggestions on the approach I'm taking. Happy to also meet up with investors in order to discuss opportunities and goals. Thanks for your help. Davide
  3. Please can someone help! I am in the process of buying my first property through my new ltd company. My guess is it will complete in 6 weeks or so. It is a 3 bed property that will be a single let. The property is perfectly habitable now and could easily be rented out as it is, however I want to do a fairly big refurb. E.g. replacing the kitchen and bathroom, new carpets, redecorate etc. This will mostly be a like-for-like refurb and I don't think the majority of it will count as a capital expense. If I do this work before I first put tenants in, am I right in understanding that I cannot claim this work as an expense as it involves getting the property ready to be let. However if I put tenants in first, then when they leave I decide to do the refurb, I now could claim this as an expense as the "rental business" would have already started. Have I got that right? My big question is... *What is the minimum period of time I would have to have a tenant in my property before I could class any replacement refurb work as a revenue expense?* If I rent the property out on a 1 week AST, then do a big refurb, clearly this will turn some heads with HMRC. So what is the magic number? 1 month? 6 months? I hope I can get some wise responses on this. Many thanks!
  4. Hi, I have Inherited a one bed property on a prime plot of land (valued at c.600k). There is potential to redevelop into a 5 bed property by either knocking down and starting from scratch or use the existing shell of the current property. What I'm not sure about is whether it would be better to make it into a 5 bed or 4 bed. I'd like to know how I can find out what the demand is for either and whether it's worth investing a bit more turning it into a 5 bed rather than 4. For context, the property next door was redeveloped a few years ago and is a 4 bed which has been valued at £1.2m Thanks
  5. Hey guys, just thinking it would be great to connect with you all on instagram. Its a much bigger platform now with great content posted constantly from some very experienced investors Anyway my username is unsurprisingly: Leenorthrop Connect and I will follow
  6. So myself and my brother found this property and had an offer accepted only to lose the deal as the seller wasn't willing to take the property off the market. This wasn't the end of the world as since then we found another property which works for our target strategy. http://www.rightmove.co.uk/s6p/75657091 This was the one we lost, I'd like an opinion of how it stacks up, I believe the rental around that particular area would be between 625-650pcm and a max re-value once refurbed to a good condition of between 155-165. Oh and feel free to look into this yourselves, we cant afford to go for both. We were looking at it for a buy refurb, refinance and let. Thanks for any advice
  7. So I'm looking at a potential commercial unit investment (Class A1 - Shops) which is currently vacant and in need of a facelift (ceiling & wall plastering, re-flooring, wiring etc). I'm keen to know what the 'minimum standard' is for refurbing commercial units of this sort before bringing them to market? E.g. is it similar to residential: flooring, walls, plumbing, electrics, etc all done- or is there more that would be expected from a potential commercial tenant (e.g. outside shutters, alarm systems, aisles, counters, etc)? Any knowledge resources/articles would be most welcome! Thanks
  8. Found an opportunity for a flip but the house has a steel structure so it’s no problem for a cash buy but could be a problem when I come to sell it. Apparently it needs the cavity insulation removing. Does anyone know once this is done if the property would then be mortgageable? Thanks
  9. Hi everyone, My question is as it says in the title really... does anyone have any recommendations for companies that they've worked with in Northamptonshire who can manage end to end refurbs? I'm in the process of buying a 2 bed terraced house that needs a full refurb (gas needs connecting, damp dealing with, central heating putting in, new bathroom, new kitchen etc. etc.) so am looking to get some quotes and choose a contractor in the next month or so. Thanks in advance!
  10. Hi Guys, I’m just in the process of purchasing my first property, it is a repossessed 2 bedroom flat so is in need of modernisation. I would say the flat needs a full refurb which would include a new kitchen, bathroom, redecorating, flooring and a new boiler. The surveyor said the electrics and plumbing seem to be fine but may need changing in the near future, so I was thinking to get this down whilst I’m changing everything else. I just wanted to know how much would something like this cost to be done at a good level. In my head I’ve budgeted for about £20k - £25k. Would be great to get some realistic cost from those who have done this type of work. Also if you know any good trades people that could do the job I would really appreciate it if you could forward me their details. I’m based in Croydon. I have attached the floor plan so you can get an idea of the size. You Thanks Charles
  11. Hey PH Team, My wife and I have recently settled on Coventry as our investment area (after running the numbers on a lot of locations). We would love to meet any other property investors in Coventry for coffees/drinks, and are also looking for recommendations on contractors. Any help would be hugely appreciated and hopefully meet some of you soon! Joe
  12. Hello there, I know that you can't apply to remortgage before you've owned a property for 6 months but is there any restriction on buying (for cash or bridging) and selling in a couple of months after a quick refurb? Thanks in advance, Dave.
  13. Hi, I'm currently trying to find a reputable property sourcing company that source; BMV residental properites that are profitable buy to sell refurbishment investments. Any help would be greatly appreciated. Thanks Dave
  14. I'm trying to compile a list of top tips specifically aimed at landlords renovating BTL properties. So I'm focusing more on longevity and cost, rather than all the bells and whistles/creature comforts you find in most articles online. I'm also focusing on internal refurbs only, and not major structural issues or extensions. So far, I've published the article below, but I'm really keen for feedback and for more tips! I want this to eventually be a comprehensive list that we can all use. https://propertyworkshop.com/property-investment/property-refurbishment/ Cheers, Russ
  15. Hi, I'm based in London and looking to potentially do a refurb project in the North. I'm keen to put a project manager/ managing agent in place to monitor and drive the project through to spec and timely completion. Any ideas on where/how one would source such an individual?
  16. Wasn't quite sure which sub-forum to put this in, so went with general. We're about to start our first refurb project (well, will be when the solicitors finally finish whatever it is they do). We'll definitely be installing a new central heating system as there currently isn't one, so other than TRVs, I'm thinking it wouldn't cost much extra to go to a Nest or similar as an upgrade for the thermostat. Question is has anyone done anything like this previously, or any other smart home gadgets and, if so, what and does it feel like its helped in letting the property? Also, how did you get it to work without WiFi and are there any issues when tenants change over regarding logins etc? To be clear, the property is a 2 bed terrace, likely to let to a family, so not looking at a fully integrated smart home, just wondering if there's some small things that could be done to increase its attractiveness.
  17. Hi I've found a property which needs a bit of a refurb but whilst looking at the floorplan I noticed the front bedroom is 18' by 11' which seems rather big. I'm thinking I could split this into two. I'd then have a 3 bed end terrace which should be worth a bit more. Does that sound like a sensible thing to do? Are there any issues I should be aware of if I do this? Thanks Jon
  18. Hi I am in the process of buying a house that needs some work. I will get electrics and boiler fitted by qualified tradesmen but most of the other stuff I will do myself - new kitchen/bathroom/decorating (nothing structural). An insurer is quoting for the place to be empty for 3 months whilst being refurbed. However, they have said that I need to take out a £1M public liability policy as I will be doing some of the work myself - they also don't offer this and say I need to get it from another insurer. To me this work is no more than any competent DIYer would be doing but I don't know of anyone who takes out Public Liability when they do their own work. Searching online the nearest I can find is self-build insurance but that seems overkill and the policy with the insurer covers the buildings aspect anyway. Has anyone else come across this or have any advice? Thanks in advance Rob
  19. Hi I am looking to buy a property, need advice on which area of Birmingham i should consider and is there anyone who can help source a property. This would be my first foray in to this kind of venture. thanks Satnam
  20. Hi everyone, I'm about to buy my first flip and have been busy getting quotes from the trades. Using a contractor is out of my price range so I'm going to have to employ the individual trades separately but I'm completely new to the refurbing process and don't really know what order everything needs to be done in. The house needs a complete refurb (it needs central heating putting in, a partial rewire, new bathroom, new kitchen, plastering etc.). Does anybody have a project plan type thing that they would be willing to share with me please or just any advice regarding the order that the jobs need to be done in and how to ensure that I have the right trades turning up at the right time? Thanks in advance, Abby
  21. Hi All, I know very little about the physical aspects of property and wouldn't know where to start with a renovation or refurb... I'm wondering if there are any book or resource recommendations that would give me the basics? Not looking for the depth that would allow me to carry out the work - but just to have a better idea of what was going on! Many thanks
  22. Hi Everyone Long time reader but first time poster looking for advice about a potential career change. Bit of background on me... currently working as a project manager for a consumer goods company and have 3 years project management experience in a business setting. In property terms I project managed my parent’s new build home and so far one project of my own; the extension and renovation of my current property which I’m in the process of flipping. Fallen out of love with the 9-5 and want to take my property ambitions full time. Until I can build up the capital to generate enough rental income I’m looking to use my project management skills and help others with their projects. Target customers would be investors looking to refurb properties to flip, refinance or just add value who are perhaps time poor, based elsewhere or just don’t want the hassle of managing trades and projects but want the benefit of valuation gains. Questions I’m looking for help on: 1- Is there a demand for such services? 2- Is my background and experience enough to be taken seriously? 3- what would a reasonable fee be for such services? I’ve seen % of total spend mentioned but that seems conflicting if a project manager is trying to limit the budget. Thanks for reading and appreciate any comments.
  23. I'm in need of a bathroom fitter for my house south of Leicester. I know there are mybuilder.com type websites, but I've used them before and had mixed results. I'm just after someone solid who won't mess me about and do a good job. Thanks!
  24. Hi All. I am from Nottingham. Managed to raise 60k with my friend. We both want to start our property journey buying 1st house doing it up and sell. Ideally want to repeat flips couple times to increase our capital and buy 2 - 3 BTL to start saving towards our future. Now question. Is there any short term loan company you recommend from Nottingham? By short term I mean 4-8 months till we refurb and sell...... Any help, ideas, thoughts from Nottingham people more than welcome.... Apart of the auctions, where else to find out prospective properties for our flips? Thanks Greg