e-book The Insiders Guide to Renovating for Profit

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What's left is the budget, inclusive of profit for the renovation.

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Once a budget is established, allow a contingency based on your experience level and extent of the renovation works. Remember, renovating is full of variables that not allowed for could quickly make your project unfeasible. Tailor the renovation for the target market.

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Becoming an expert in the area by attending property inspections of similar properties, discussing the expectations of the tenants with local real estate agents will help determine the scope of works for your renovation. By knowing what the market expects, you can tailor the works to suit that market and therefore not spend on things that may not bring a return on your dollars. First impressions matter. Natural light, fresh paint, new floor coverings and window furnishings go a long way towards transforming a tired old property into something that will be sort after.

Often, it's the little things that can make or break a successful renovation.

the insiders guide to renovating for profit Manual

Neutral colours allow tenants to create their own identity with their belongings. Dominant colours and textures tend to close in the wall and makes spaces feel smaller than they are. Kitchens and bathrooms sell properties. Beware diluting your dollar by doing half the job.

How to become rich from renovations

When assessing the scope of works for your renovation, keep in mind that the two big ticket items, the kitchen and bathroom generally come a package deal. If you renovate the kitchen but leave the original tired and rundown bathroom, it will devalue the kitchen, and vice versa. He frequently challenges traditional finance advice with innovative ideas on real estate investing, personal finance and wealth creation.

His wisdom stems from his personal experience and from mentoring over 2, business people, investors and entrepreneurs over the last decade.


Michael's message will be priceless regardless of the size of your investment portfolio - whether you're just starting out or an experienced investor wanting to move to the next level, he will provide you a roadmap for real estate investing and financial success. Listen on Apple Podcasts.

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    How To Renovate Your Kitchen On A Budget - Quick Tips

    American Public Media. Andy Frisella to0. A definite must read for a great summary on what buying property is about - Patrick gets straight to the point and doesn't beat around the bush. May 20, Oznasia rated it liked it Shelves: non-fiction.

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    The book certainly contains a lot of useful information. However, I have to wonder if the author's motivation in writing it is to convince us that it is all too hard and that we really would be better off to use his services which are promoted quite heavily throughout the book. Akef Halimy rated it it was amazing Dec 22, Yvonne rated it really liked it Feb 09, Daniel rated it really liked it Aug 02, Tash rated it really liked it Feb 16, Thomas rated it really liked it Jan 11, Josh rated it really liked it Apr 05, James Delanty rated it really liked it Apr 23, Matt rated it it was amazing Nov 20, Matt Taylor rated it it was amazing Sep 04, James rated it it was ok May 12, Ben Vining rated it really liked it Dec 12, John marked it as to-read Jan 11, Dan the Man is currently reading it Sep 11, Mai To is currently reading it Jul 30,