What’s the difference between a property you can fix up and flip for a profit, and a lost cause not worth getting involved with? These five tips can help you determine the difference. Avoid getting conned or deceived and know what you’re buying and what to prepare for. Your financial security could depend on it.
Key Takeaways:
- Renovation projects at the right price are hard to find, and research is needed before any undertaking.
- Spotting improving areas, or areas subject to infrastructure changes and investment, can be key to getting a good property.
- Unmodernised properties can seem like a steal, but may end up costing more in work than a more expensive property that needs less doing to it.
“be careful not to spend more on a property than it’s worth”