Distressed Property
The investment in property has many advantages; the ability to add value to the assets by refurbishment or extension, capital increase as well as positive cash flow from surplus rent.
Now add to this the advantage of purchasing the initial property at significant discount from the open market value, and you will have an instant leap in your net worth with each subsequent property.
There is no doubt that properties in need of modernisation will more often than not provide the best investments. You will normally be able to buy these properties at quite a lot less than their modernized counterparts – although the differential has narrowed considerably over the years. For investors who have little or no knowledge of property refurbishment, this area of expertise is crucial to your survival as a successful investor. Costs can (and normally do) spiral out of control and you may be left with an unforeseen nightmare at your new doorstep.
Upon initial inspection of the condition of the property, we will be able to tell you the average refurbishment cost expected – the estimated price is due to possible extra works needing to be done in order to bring the property up to maximum potential. As with all of our services we can offer a basic or a premier service (Related costs will reflect the quality of the product installed). The differences are solely in the products that we install and their related costs. In both cases we will take responsibility for the entire project from beginning to end and simply hand the keys to you either refurbished to a very high standard by us, or you can have the work done yourself. It is totally up to you what you want us to do for you, we will guarantee the discount at both levels.
Click here to see an example of a property that we found and refurbished for an investor and he also had 25% rics discount from the vendor.
