The number one requirement for success here is to find the right property. You want one that is in a good location, is run down so you can pay a low price for it, and can convert well. If you are a carpenter, plumber or a handyman who knows about building and plumbing, it is not that difficult to fix up an old barn or a house and sell it for a really good price. Below are some tips and ideas to help you make some cash.
• Look for a house that requires as little work as possible; after all, you are not going to live in it. You still however have to have a good product in the end.
• Draw up a plan and get your lumber, paint, brushes, stain and the right tools all from the same shop if you can. This will mean less running around.
• Buy a rundown property where the plumbing is working and there are no problems with drains and pipes. Be particularly careful with old wooden frames where there have been problems with beetles and other creatures.
• Buy all new bathroom fixtures; it will make a huge difference to the house. Small things like brass knobs for the doors and attractive towel racks can jazz up an old bathroom.
• Don’t rush the job. Fix up rotten floors and give the stain enough time to dry.
• Give the bathroom and the rest of the house a fresh coat of paint. A cold, damp, unattractive bathroom with a stained bowl is a sign that the rest of the house will not be worth looking at.
• Choose a house with a big kitchen you can renovate. The wife will want a spacious kitchen, a sparkling bathroom, and a house that is close to the schools.
• Have the right contractor who knows the right people to do a great job.
• Clean up all the rubble at the side of the house.
• When the house is complete, try and save some money by taking some great shots and putting your ad on the internet first. Great shots and greenery can help sell a house.