How to renovate on a shoe-string
Doing up houses is the fast way to riches right? So shows like The Block and My First Home would have us believe.
Monday, July 27th 2015, 3:08PM
by The Landlord
However, the reality is far more complex.
Renovating a buy and hold rental property is a very different project from renovating a property intended for resale or for your own home.
Different yield and value goals make for different approaches, tactics and considerations.
Further, intensive strategising, budget planning and number crunching is required before any work gets underway.
To help out property investors wanting to undertake a renovation, NZ Property Investor magazine is running a series of renovation features covering small, medium and large renovation budgets.
Starting in the July issue, and running over the next two issues, the magazine is featuring step-by-step guides to investment property renovations.
The July issue looks at how to carry out a successful renovation for under $20,000 - and talks to an investor who has done it.
To find out more more click here to get the digital issue of NZ Property Investor magazine.
Subscribe to NZ Property Investor magazine here to get great stories like this delivered to your mailbox every month.
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