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Investing in property / Types of investment / Buy to add value investments
buy to add value investments
Buying a property to add value can be a very fulfilling and rewarding experience, both personally and financially. However, it is not for the fainthearted as sometimes what starts as a redecoration project snowballs into a full renovation project.
common sense should prevail in the first instance, so you need to have considered the following:
Do you have the skills, or access to the right local skill to take on such a project?
Are you buying it at the right price?
How much do you need to budget to renovate?
How long will the renovation take and what is the cost of finance?
What can you sell or rent it for once you have completed the project?
What could you buy instead for the same money?
If you are interested in buying a property to add value contact us and we will be pleased to assist you.
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28th August 2008
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