Hone Your Renovation Eye

tilesAt some point Property Investors need to update the look of their investments to attract the best possible income.

While there is a certain reluctance amongst us to do cosmetic work to a property we also know that delaying it can actually hurt us in the pocket.

Therefore when the decision is made to go for it and update a property we’re closely monitoring the cost. Any work done must be for the best rate and often we believe that means we need to do as much of the work ourselves.

Doing the work yourself can be a trap however. When you work out your hourly rate and that of a contractor – it’s more likely you’re earning a lot more and therefore utilising the contractor to do the work just makes more sense. It really depends what your doing there are lots of jobs you are not legally allowed to do.

PropertyTutors owner Sean Wood and his Wellington region owner Steve Goodey are both experienced property investors used to renovating their investments to improve the property value. Sean’s personal success essentially gave him a workable business model for a mentoring program which is the PropertyTutors Masters Program.

The Masters program has been operational for a few years now and it is so successful even with the arrival of Steve Goodey taking on clients in the Wellington region their mentoring is in high demand.

Acquiring a keen eye to adding value to a property is a skill that is learned.

Arguably PropertyTutors’s success is due to their knowledge and education on how to renovate a property to make a profit. Knowing where to start on a property is not second nature to most of us just look at the proliferation of TV shows showing how it can go so wrong.

To make a profit when you sell the property or achieve a much higher yield honing your renovation eye is a strategy worth considering. There are a lot of tired properties out there and buyers wanting the finished product – ProperTutors are onto something and you can learn more about what they do by attending The Masters one day event – October 2014.

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