Shaz wants to make sure no one gets ripped off or loses money on a property refurbishment project and shares his first ten tips on successful refurbishment
If you are new to property use this list to make sure that you ask the right questions and take the right actions
Property refurbishment is a great opportunity and Shaz’s practical advice will make sure you get the best start as a property developer
KEY TAKEAWAYS
Always have a property survey and give your surveyor specific instructions on what to look out for
Make sure you find out about any planning restrictions, what can you do and what can’t you do?
Don’t waste money on unnecessary stuff keep it simple and elegant make it neutral to appeal to as many people as possible
Good communication is vital, so schedule regular meetings with your builder
Make sure you order enough materials, having to order extra if you are short will be expensive
Don’t underestimate the costs, make sure you have included everything that’s needed
Remember to factor in the professional costs that will be part of the project
Get more than one quote for anything you are paying for, avoid the temptation of going for the cheapest, look for the best value
Only spend money on what you need to, make sure there is a good job done on the physical structure of the property
Repair rather than replace especially on an older property as the originals will usually be of a good quality
Use the right materials, if you are working on a traditional property make sure the materials you use are in line with the existing ones
BEST MOMENTS
‘When you start make sure you have a contingency fund and don’t waste money on expensive stuff’
‘Order around 5-10% more than you need’
‘Cowboy builders do exist and you need to avoid them’
VALUABLE RESOURCES
shaz@aaa-accountants.co.uk
FREE WEBINAR - https://bit.ly/shazwebinar
ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
You can find Shaz on:
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YouTube.
