Buy to develop properties can be a great investment. Often sold at reasonably low prices, these properties give you the potential to earn a significant profit. However, if you need to actually live in the buy to develop property you’ve purchased, it’s likely you’ll need to do quite a bit of work to make it liveable.
If you need to move in right away, here you’ll discover some quick ways to make a buy to develop property more liveable.
Fixing electrics and plumbing issues
A common issue buy to develop houses have, is faulty or damaged plumbing and electrics. These are by far the most serious and expensive repairs to make, but if you want the property to be liveable, they do need to be sorted out.
If you don’t have the budget, you could benefit from taking out a personal loan from a company such as Likely Loans. This would provide you with the lump sum you need to get the repairs carried out quickly. Once emergency renovations have been carried out, the property is automatically much more liveable.
Check out charity shops and auctions
If you need furniture, there’s no need to break the bank. You can pick up practically everything you need at a significantly reduced cost. Try looking in charity shopsfirst as they often sell furniture at significantly low prices. Auctions are another great idea. You can check out both offline and online auctions to find great local deals.
You could even try out local Facebook buy and sell groups. You’ll be surprised how cheap you can pick up furniture in groups like this. As an added bonus, when you buy through local buy and sell groups, you can typically collect your items the same day.
Another quick way to make the property more liveable is to see what can be up-cycled. This new trend can help you to save potentially hundreds of pounds. For example, you could see if you can use any old floorboards or doors into table tops. Making use of old, damaged items already in the property will save you a lot of money, while also minimising the amount of work needed.
A fresh coat of paint
Finally, giving the house a fresh coat of paint is going to make it much nicer to live in. It’s amazing how much of a difference a simple paint job can make. This is one of the most affordable ways to make a property more liveable and it takes very little time too.
Overall, buy to develop properties do typically need much more doing to them before they become liveable. However, the tips above will really help to speed up the transformation and get you into the property as quickly as possible.