THIS BUY-TO-RENOVATE SMALLHOLDING IS A HIGHLY PROFITABLE DIAMOND IN THE ROUGH

Unquestionably, one of the biggest advantages of buying this ready to renovate property is the price. This property give eager homeowners the chance to own their own smallholding in the sought after area of Bainsvlei even if they can’t afford those move-in ready homes so many of us deeply desire. Transfer costs are based on the home’s sale price. Therefore, your costs will be less if you buy a house that needs renovation as opposed to a new move-in home.

Fancy yourself an amateur property developer being able to design the house exactly the way you want it, fit to your budget and knowing any money you put into remodeling will likely add lots of future value to your home. The smallholding features strong water.

Well, in this home, all pre-preparation work is done for you. Now you exactly know what’s behind those walls or around those pipes because it is already opened up and there is no unexpected surprises as even the outdated linoleum floors in the kitchen is ripped out. You only need to replace it with some stunning tiles and tailor your house to your exact taste to achieve excellent value increase.

The big challenges in this type of operation are, firstly, getting bond finance. But, banks will likely be quite willing to finance renovations if a reasonable quotation is presented, and if good teams are identified and employed.