Julie and Lee's budget of £20,000 is quite simply too small for the scale of renovation they want. Plumbing and electrical changes are things that are best left to the experts, and no matter how much work the couple do themselves it's always going to be much quicker to hire professionals.
Original Budget: Hitchin
Bought For: £105,000
All Renovation Costs: £20,000
Projected Sale Price: £150,000
Projected Profit: £24,000
Actual Budget:
All Renovation Costs: £33,000
Actual Sale Price: £162,500
Actual Profit: £24,500
Heidi's a bit more realistic about what she needs to spend, and this is reflected in her £37,000 budget. She wants to not only make superficial changes but to fundamentally alter the layout of the property, which is a big ask given her limited experience. Coupled with this is her inability to spend every day on site, which is always a risky way for a project manager to operate.
Original Budget: Wroxham
Bought For: £200,000
All Renovation Costs: £37,000
Projected Sale Price: £300,000
Projected Profit: £63,000
Actual Budget:
All Renovation Costs: £41,000
Valuation: £315,000
Actual Profit: £78,000
The latest analyses from 4Homes' property experts
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