Having long term tenants is a bonus for a landlord, but it also gives rise to a number of issues when they move on. It is really hard to do any major type of update or renovation like painting, changing carpets or revitalising the kitchen when the house is occupied. When they do move out, the required renovations may not be small or inexpensive to undertake. So where should you focus your efforts and expenditure? And how should you fund it?
Read more: My tenants have vacated, the house needs work, but what should I spend my money on?
Whether you are looking to buy a property as an investment or a house for your family, the garden (or lack thereof) is likely to be an important factor in your choice of property.
If you’re new to the first home buyers’ club and need some help with identifying the right home for you, here are a few things to think about.
One of the costliest mistakes you can make is waiting too long to renovate.