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Offer accepted on house - but don't know if purchase will be worth it.
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I love Homes under the hammer. I find it very entertaining, especially when people do champagne refurbs on lemonade moneysidneyvic said:Definitely homes under the hammer.
It is very easy to make money in a rising market and we are not in such a market...
I anticipate you will end up with a very nice house to live in but after taking so long to refurb it you will achieve a significant loss.
So if you are buying a house to live in, fill your boots, but if this is your start as a property tycoon you may well catch a cold.
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Just came here to say that your redec budget may be a bit low. That's roughly what I spent on my London 1 bedroom flat by doing everything myself with my partner and I am very frugal. It included things such as various paints for walls, skirting boards and doors (not top of the range), brushes,rollers, but also things I didn't expect I needed such as a new toilet seat. I also bought the most basic curtains and curtain rails within that budget. This stuff really adds up very quickly.My flat is 55sqm and paints alone were probably 1k.0
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