property coaching,how to investin property withlittle money

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property coaching,how toinvest in property withlittle

money

The Power of the Bedroom

http://yvonneemerycoaching.co.uk/seminar/

If you know without doubt the value added to a property in your area by adding a bedroom, then you arewell positioned to find the style of property that will take an extra bedroom and bring you significant profit.

In Peterborough, where I live, the bedroom price is about £10k. That means that a 2 bed flat/house willcost about £75k, a 3 bed house will cost about £85k and a 4 bed house will be about £95k. Thatmeans the bedroom price is £10k. If I need to spend more than this to add a bedroom then it isn’tworth doing if my intention is to sell the property.

Down the road in Cambridge however the bedroom price is about £40k to £50k, so the samerenovation in which I add a bedroom would net me a significant profit. That is why at the moment, whenconsidering a flip (buy, renovate and sell) you need to find more expensive areas.

You can also extend a property to add rooms, and in the more expensive areas this will significantlyincrease the value of your property.

Get to know how much an added bedroom increases the price of a property in your area – there will becheaper areas and more expensive areas – the flips always work best where the bedroom price ishigher. Zoopla will show you the breakdown of average prices for each number of bedrooms.