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Faced with a dispute with your contractors, it’s so easy to fly off the handle and lose your temper. Bring out your inner negotiator, however, and you’ll stay in control and get what you want.
Never forget that you are a property developer - not a property speculator.
If the market prices keep increasing then that is an added bonus and very welcome. However, follow the lead of the professionals and never bank on the market increasing. Always expect prices to be the same 6 months after you’ve renovated the property.
Make money without risk!?!
Take a £80,000 flat - spend £20,000 renovating it and sell for £120,000k - make £20,000. Remember if you live in the flat as your home - then the profit becomes tax free. To make £20,000 tax free you would have to earn £30,000 in a job.
Good result, hey?
