Renovating for profit is a common strategy, but make sure you think long and hard about the location, property type and value-adding activities.. How to renovate a property for profit.
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Thinking of renovating? Focus on these high-ROI renovation projects . Good to know, themortgagereports.com Considering a little remodel? If you want the most bang for your buck, you may want to focus on the kitchen and bathroom only. According to new data, that’s where the home’s highest-ROI renovation projects lie.
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How Renovation and Conversion Mortgages Work. When you are renovating or converting you are likely to need money for the initial purchase of the property and then for the building works. Some mortgage lenders will refuse to lend on properties that are uninhabitable while others will lend based.
Good article, Mark. Lots of people can miss the point that others might not see the added value they do about some popular renovation projects. I would add to your list of renos that can add value: upgrade the kitchen and/or bathroom(s) IF they are seriously outdated or dingy. My reason to start renovating was to maintain value.