Renovation Projects – Do you have the necessary knowledge?

Maybe you’ve spruced up your own home and feel confident taking on a project that’s all about the profitability.

But one DIY job does not the expert make.

If renovations were so easy to cash in on, why do so many people walk away no better off at the end of a very exhausting and stressful experience?

Firstly, you need to be aware of which jobs you plan on undertaking, if any, require council permits and how to go about the application process with your local government authority.

Then there’s due diligence to measure the project’s viability, risk assessment and mitigation, time and cost management and contingency planning, coordinating tradespeople and various building processes to work through.

Engaging a properly qualified builder or project manager to oversee your renovations is definitely advisable.

If you prefer to get your own hands dirty, I’d recommend engaging a properly qualified professional for the first few small-scale developments to give you some much-needed ‘on the job’ guidance, before attempting to go it alone.

RealRenta has all the tools that a property manager has but for less than ¼ the cost of a property manager.

You can now manage your Residential, Commercial or share/student accommodation property

Join now and the cost is less than a cup of coffee a week to manage your rental property.

RealRenta also has a free vision, so why not check it out.

Jason Gwerder
Friday, 12 April 2024

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