This module looks at why renovation is important. How it facilitates an opportunity to pull most of your capital back out of a project to recycle on the next. But also points out the potential pit falls of getting it wrong and devaluing the asset making it potentially difficult to exit from expensive bridging loans.
We define examples of minor and major works. What compliance is applicable for various different works and why its just as important to ensure works are certificated as it is to ensure you have a competent trades team.
Renovation is both ‘art & science’ getting these equation correct delivers massive added value. However, the risk are high and here we point out examples completed works that store latent issues that can cause your tenants to up and leave!
Finally a short case study on one of our major works projects.
With this course you will receive a link to the training video and a PDF download to accompany the course.