Renovating Property For Profit | 6 Simple Tips


I recently saw a property that was purchased for $800,000 in a beachside suburb in Brisbane resell for $1,700,000 after the owner completed a beautiful renovation.

I also saw a builder buy a property for $1,000,000, knock it down and rebuild another beautiful home for $1,000,000 and resell the brand new property for just over $3,000,000.

Renovating for profit can be extremely simple if you understand property market fundamentals and timing.

All you really have to do is find a suburb with a large gap between crappy and quality houses (a $300,000+ difference is a minimum starting point) and then create a plan for how to turn that crappy property into a quality home that a Mum and Dad will fall in love with when you sell it.

I personally like to look for simple projects where I can easily add bedrooms and bathrooms under the existing roof line, as well as re-do bathrooms, kitchens, flooring, painting, blinds and landscaping. I also like to add pools and decks to increase the appeal on re-sale.


Follow Us Online Here: 
Website: https://www.pumpedonproperty.com
Facebook: https://www.facebook.com/pumpedonprop…
YouTube: https://www.youtube.com/user/pumpedonproperty.
Instagram: https://www.instagram.com/pumpedonproperty/
Soundcloud: https://soundcloud.com/pumpedonproperty

Subscribe To Our Podcast, The Pumped On Property Show, Here: 
iTunes: https://itunes.apple.com/au/podcast/t…
Spotify: https://open.spotify.com/show/3mtJ85Z…

DISCLAIMER No Legal, Financial & Taxation Advice
The Listener, Reader or Viewer acknowledges and agrees that:
• Any information provided by us is provided as general information and for general information purposes only; • We have not taken the Listener, Reader or Viewers personal and financial circumstances into account when providing information; • We must not and have not provided legal, financial or taxation advice to the Listener, Reader or Viewer; • The information provided must be verified by the Listener, Reader or Viewer prior to the Listener, Reader or Viewer acting or relying on the information by an independent professional advisor including a legal, financial, taxation advisor and the Listener, Reader or Viewers accountant; • We do not hold an Australian Financial Services Licence as defined by section 9 of the Corporations Act 2001 (Cth) and we are not authorised to provide financial services to the Listener, Reader or Viewer, and we have not provided financial services to the Listener, Reader or Viewer.

About

Ben founded Pumped On Property after building a multi-million dollar property portfolio over a 5 year period. His mission is to show you how to replace your income through property investing so you can do what you love…full time.

Leave a Reply

Your email address will not be published.

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.