Renovation Projects – How much time can you spare?

If like many Australians you work upwards of 50 hours per week, can you really expect to take on a major renovation project all by yourself?

In order to complete a refurbishment on time and to budget, the reality requires someone to be on-site to direct proceedings and make sure things run as smoothly as possible.

If you can’t commit to the necessary hours and days, employ a qualified project manager.

Although their fees may add another 10 or so to your overall renovation costs, it is likely to be a worthwhile investment.

Remember, the longer it takes to complete the renovations on your asset, the longer it will take to start generating that all-important cash flow from your rental property.

Furthermore, failing to schedule the appropriate trades at the right times and working toward a well-thought-out schedule often means lost opportunity.

In other words, while one project drags on indefinitely, you are potentially missing out on other investments that could see you grow your portfolio sooner.

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
Saturday, 13 April 2024

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