Hi,
I'm a first time buyer. I'm looking for a property below market value I can add some value to through rennovation, nothing serious.
I've seen a property which is around 30% below market value. (Confirmed prices with sales of 2 properties next to it).
I believe I can rennovate it with 10% of the total value once complete. Meaning I can add 20% equity without too much trouble.
I'm sure there are many many reasons why this is difficult to do, but if theres any possibility of how this can be done I'd be grateful to know it.
Heres what I'd like to do.
Buy the property w