Problem Solved: Managing Your Refurb Budget

SUBSCRIBE AND FOLLOW FOR MORE VIDEO CONTENT - https://www.youtube.com/c/propertywealthsystem Mark Winship is joined by Jordan Kynoch, to discuss ways to solve that most common of problems - how to keep a refurbishment project on budget, including the insightful and practical lessons that both Mark and Jordan have learned during their own refurbishment experiences. KEY TAKEAWAYS Contingency plans and funds are always advisable. You can never plan for every mishap, so it's always a good idea to have emergency resources available. Always remember that refurbs are there to serve your bottom line. Plan meticulously and don't give in to flourishes that could drive up the price and reduce your return on investment. When selecting a builder, look for smaller firms that can provide a more personal touch. This means that you get to know your project manager, and can be more hands off when it comes to the work itself.  BEST MOMENTS 'Making sure that a refurbishment comes in on budget is a big piece of the puzzle for a lot of people' 'You need to keep a firm handle on these things' 'A slight change up can lead to your money staying in the deal, which puts more pressure on yourself' 'Making things as simple as possible is the name of the game'  VALUABLE RESOURCES This Property Life - https://podcasts.apple.com/gb/podcast/this-property-life-podcast/id1540075591        ABOUT THE SHOW This Property Life is hosted by the team at Property Wealth System. We are a collective of experienced active investors passionate about all things property. Mark Winship is an experienced property investor and mentor with a portfolio of HMO and Serviced Accommodation properties across the UK. Mark's background in coaching high performance athletes has lead to a passion for mentoring people to achieve their life goals using property investment as a vehicle. Caroline Claydon Caroline Claydon has over 22 years experience in investing in property but it's only the last 12 years she's operated as a professional investor.  Her and her husband have built their portfolio throughout the UK covering strategies from buy to let's, social housing, HMOs, developments and more recently a hotel.  She has travelled the world training people for the last 10 years on how to invest, scale and accelerate their UK property businesses regardless of where they are based.   Caroline loves helping people reach their full potential by changing their mindsets to money, debt, property and investing.  James D'Souza started investing in property from a young age and now owns a significant portfolio of buy-to-let properties, professional HMO's and commercial developments. Whilst actively growing his own property business, James helps countless other people start and scale their own property journey. CONTACT METHOD You can join Mark, Caroline and James along with a whole host of other like-minded investors in the Property Wealth System Facebook Community: https://www.facebook.com/groups/propertywealthcommunity Mark Email: [email protected] Mark Linkedin: https://www.linkedin.com/in/mark-winship-68b34833 Caroline Email: [email protected] Caroline Linkedin: https://www.linkedin.com/in/caroline-claydon-property/ James Email: [email protected] James Linkedin: https://www.linkedin.com/in/james-d-souza-552342104/ Hosted on Acast. See acast.com/privacy for more information.