Direct Lenders exploring the different options 32

1
The true cost of renovation projects in
2
The Property Market

• Many people in the UK struggle to get a firm foot
  on the property market and as such find
  themselves looking for less costly and therefore
  more feasible options to consider.

3
Increasing Trend Britons 

• Often as a result of this increasing trend
  Britons are finding themselves effectively living
  on a building site for considerable periods of
  direct landers.

4
According to Research

• According to research byconfused.com a staggering
  45 of Britons later found that such renovation
  properties costed more than the amount which had
  originally been budgeted for.

5
Renovation Properties

• Clearly though even with this fact in mind, the
  lure of renovation properties continues to
  increase with this recent survey concluding that
  35 of people asked brought a property needing
  repair as the only way to secure a place on the
  property ladder.

6
Realistically Facing

• Today we will be investigating this consumer
  habit in greater detail to understand exactly
  what consumers in this position are realistically
  facing.

7
Renovation Properties

• Clearly though even with this fact in mind, the
  lure of renovation properties continues to
  increase with this recent survey concluding that
  35 of people asked brought a property needing
  repair as the only way to secure a place on the
  property ladder.

8
Renovation Project

• Whilst it is true that in most locations in the
  UK that a renovation project will come in
  cheaper, as we have touched upon above, the true
  cost of the entire project can be misinterpreted
  by many. 

9
Research Conducted by Confused

• The research conducted by confused.com not only
  highlighted that over a third of those purchasing
  properties in this way later discovered

10
The Average Amount Spent

• That said the average amount spent on a property
  requiring work was 152,792.00, which as reported
  by Halifax in January 2016 is in fact 44,000.00
  below the average price of a UK house.

11
Funding Available to Renovate

• Obviously this means for buyers in this position
  there is sizable funding available to renovate
  the property as required. Halifaxs research
  further suggested that an average of 33,000.00
  was spent on such properties allowing for fair
  and worthwhile profit margins upon completion
  payday loan landers.

12
Purchased a Property 

• The survey compiling these findings found of the
  2000 people questioned, 1000 were discovered to
  have purchased a property with the knowledge of
  development work being required and 8 of these
  admitted to not being able to afford to complete
  the work which was known to be needed. 

13
Property Ultimately Exceeded

• In fact nearly 1 in 5 homeowners say that the
  market value of their completed property
  ultimately exceeded the total cost of purchase
  and subsequent work required.

14

• For more information
• Visit this link below-
• http//www.bfwggrants.co.uk/
• Thank You