Still possible to buy refurb then sell for profit ?

AdrianC

Sorry, are we really suggesting that daytime TV might not give a comprehensive and realistic business plan? I am truly shocked.

Korra

The OP has a habit of deleting his posts if you look at his previous threads

Crashy_Time

AdrianC wrote: »

Sorry, are we really suggesting that daytime TV might not give a comprehensive and realistic business plan? I am truly shocked.

Shows such as HUTH were just marketing tools for banks, they were all about getting mortgage lending up.

AdrianC

Crashy_Time wrote: »

Shows such as HUTH were just marketing tools for banks, they were all about getting mortgage lending up.

Is there no conspiracy theory you won't subscribe to?


Shows such as HUTH are cheap moving wallpaper for the unemployed and elderly. No more than that.

Crashy_Time

AdrianC wrote: »

Is there no conspiracy theory you won't subscribe to?


Shows such as HUTH are cheap moving wallpaper for the unemployed and elderly. No more than that.

No, you are getting confused with shows such as This Morning etc., and TBH even they ramped property any time it was mentioned, HUTH and similar were definitely conveying the message that property always goes up, and were encouraging over-bidding and implying that spending a couple of years of your life knee deep in plasterboard was the route to riches :rotfl:

00ec25

Korra wrote: »

The OP has a habit of deleting his posts if you look at his previous threads

indeed he does, such a shame cache exists isn't it?

Still possible to buy refurb then sell for profit ?
15th Jun 18 at 10:03 PM
#1
Is it possible to buy houses from Estate Agents that need refurbishing and then add value to them eg do them up and then sell them on for a profit? I'm not talking about buying at Auctions as that's too risky in my opinion and is more akin to gambling than good business planning

I know it's sort of like what they do on "Homes under the Hammer" but is that a viable model any longer in 2018?

By houses I mean ordinary everyday houses that are under £300,000 in any part of the UK (Excluding London of course)

I've spoken to a few people about this and some investors seem to think its definitely doable but I'm not sure. Others say that there's too much competition for houses that need doing up and people are leaving no room for any profit or worse they want money that would mean after you did the work you'd loose

I know this is a very real thing that can happen and I know of many experienced builders who have bought houses and paid to much and after refurb costs they've lost money!
Last edited by genau; Today at 10:06 PM.

moneyistooshorttomention

Probably depends on a couple of factors:

- whether it's a builder doing it and not having to factor in paying for other peoples labour and they will be doing to "cheapest standard" (ie a lower standard than many home-owners will)

- if it's a more "wantable" type location and/or type of property (eg there aren't nearly as many bungalows as people would like across the country as a whole).

Jane/Joe Bloggs probably wouldnt find it was worth their while imo.

badger09

Korra wrote: »

The OP has a habit of deleting his posts if you look at his previous threads

Why do posters do that? It is so irritating when people have gone to the trouble of replying:mad:

need_an_answer

In my experience it might be possible but its not easy.

I inherited a property around 6 years ago EA came and valued it and gave a figure.

Always it was the intention not to sell but we wanted to consider options,extensive renovation of around £45k was carried out,using part trades and part DIY taking around 6 months to complete.

End result EA came back to have a look and probably valued it as a small profit over what had been spent.

We opted for the rental route and its worked out fine,the house was in an area where prices have steadily increased and its now this far down the line worth far more to us than if we had sold back in the beginning.

Possible to make money,as I said maybe,however where I think you stand a better chance of a return going forward is via rental.

Thrugelmir

[QUOTE=need an answer;74416312
End result EA came back to have a look and probably valued it as a small profit over what had been spent.

[/QUOTE]

In 6 months the property value could have increased anyway. Without any time or expense expended.