Property Development
- Thread starter Bakedgoods
- Start date
Associate
Jez, I noticed your 23 - when did you start doing property development!?!?
That really is a glamorous title for something which is essentially just buying a few houses and letting/selling them on, its not that big a deal and its by no means a full time thing. Followed my dad into it really, been helping out for years with various houses.
Associate
Ah cool, it must be a nice feeling to sell it on (for a) profit and b) knowing you've made it more habitable for someone)
Soldato
You can labour yourself than a lot more than that's been suggested so far - my family has been renovating for years and usually what happens is you'll buy a property that has been repossessed, or some old codger has popped his cloggs in, so it'll have old fittings (like the kitchen, fireplace, old bathrooms) which may need completely demolished - this you can do yourself with a mel hammer and a crow bar.
Old council houses usually need new plasterboard, completely new wiring, plumbing etc. This is the sort of stuff you can rip out yourself, but if you're not in the trade, you'll have to get sparkys, plumbers, joiners and plasterers to come out to re-fit.
It totally depends on the time you'll be devoting to a project. If you're there full-time you can do a lot yourself, but if not, you can easily get cheap labour in as stated above.
Old council houses usually need new plasterboard, completely new wiring, plumbing etc. This is the sort of stuff you can rip out yourself, but if you're not in the trade, you'll have to get sparkys, plumbers, joiners and plasterers to come out to re-fit.
It totally depends on the time you'll be devoting to a project. If you're there full-time you can do a lot yourself, but if not, you can easily get cheap labour in as stated above.
Associate
- Joined
- 23 Jul 2006
- Posts
- 944
If you hunt around some parts of North Wales have places at this price (when i lived there 5 years or so ago some were going for less than 20k)