In July 2020 we embarked on another Cleethorpes Property Refurbishment Project after completing the purchase of a three-bedroom house on Warneford Road. It is a typical style house for the area, that appeared to be structurally sound. Most of the planned work was going to be cosmetic but, we were going to spend a fair part of our budget to rearrange the kitchen and fit out the utility area.
Pre-Refurbishment
We bought this property for £65,000 and planned to spend about £20,000 on the refurbishment. We aimed to achieve a re-valuation price of £110,000.
In this video Keith talks you though the plans for the refurbishment.
Cleethorpes Property Refurbishment Project Update
The new kitchen has arrived and a leak has caused additional work in the utility area. Decorators have started work upstairs. Those 1970’s wardrobes have been removed. And a wall in the bathroom needs re-plastering. The pressure is on to enable tenants to move in on 1 September 2020.
Cleethorpes Property Refurbishment Project Review
At the end of the refurbishment project Keith shows you around the property and reviews what has gone well and what has gone not so well.
Despite some of the unexpected work that was required, the final refurbishment cost came in just under budget at around £19,000.
If you are interested in investing with New Mills Properties, please check out our Investors page for more information. If you are a landlord looking to expand your portfolio book an appointment to chat with Keith via our Agency Switch Service link.
Creating a well-informed property investment plan is essential for successfully building wealth through rental properties or fix-and-flip projects. Without thoughtful planning aligned with your goals and risk tolerance, real estate investing carries substantial financial pitfalls. Carefully weighing your objectives, market opportunities, finances and trusted advisor team before acquiring investment properties sets the stage for sustaining…
Listen to Savvy Spending: Making the Most of Your Tenant Budget Listen/Read time 7m 14s With cost of living expenses continuing to rise, and incomings getting increasingly squeezed, how do you make the most of your tenant budget? With a little creativity and some smart strategies, you can make the most of your tenant budget…
Listen to: Smart Budgeting for Tenants: A Comprehensive Guide Listen/Read time 7m 28s If you’re a tenant, you know that managing finances can sometimes feel like a juggling act. But fear not! In this comprehensive guide, we’ll walk you through the ins and outs of budgeting for tenants, helping you achieve financial stability without any…