Need help. Email me. ste@stehamilton.com
Choosing the wrong builder can turn a profitable property project into a complete nightmare.
In this video, I explain from my own experience what can happen when you choose the wrong builder for a property refurbishment, the warning signs to look out for, and how I recommend approaching the process of finding, checking and managing a builder before you let them anywhere near your project.
If you’re buying property, renovating a house, converting an HMO, refurbishing a buy-to-let or carrying out a large property development, choosing the right builder is one of the most important decisions you will make.
A cheap quote does NOT always mean you are getting a good deal.
I’ll take you through the lessons I’ve learned from property refurbishments and explain what I would do differently when selecting a builder today.
IN THIS VIDEO, I COVER:
• How to find a reliable builder for a property refurbishment
• How to find builders for property renovation projects
• What to look for before hiring a builder
• The biggest warning signs when choosing a builder
• How to compare different builders and refurbishment quotes
• Why the cheapest builder may not be the cheapest option
• What questions you should ask a builder before starting work
• How to check a builder’s experience and previous projects
• Why you should look at previous refurbishment work
• How builder mistakes can destroy your property investment returns
• How poor workmanship can increase refurbishment costs
• How delays can affect your property investment
• How to protect yourself when working with builders
• How to manage a builder during a property refurbishment
• What I have learned from getting the builder decision wrong
• How to reduce the risk of choosing the wrong contractor
• Things I would do differently on my next property project
PROPERTY REFURBISHMENT & INVESTMENT
If you are involved in UK property investment, buy-to-let, HMOs, property development, supported housing, serviced accommodation or property refurbishment, the builder you choose can have a massive impact on your numbers.
Your refurbishment budget affects your purchase decision, your financing requirements, your rental income, your cash flow and ultimately your return on investment.
That’s why finding the right builder isn’t simply about getting three quotes and choosing the lowest price.
You need to understand who you are hiring, what they are actually quoting for, what is included and excluded from the work, how they operate on-site, their previous experience and whether they can actually deliver the project to the standard and timescale required.
CHOOSING A BUILDER FOR A PROPERTY PROJECT
Before starting any property refurbishment, renovation or development, you need to think carefully about the contractor you are bringing onto the project.
A builder can make your project easier, faster and more profitable — or they can create delays, additional costs, poor workmanship, disputes and potentially thousands of pounds in unexpected expenses.
In this video, I share the real lessons I’ve learned so you can hopefully avoid making the same mistakes.
Whether you’re a first-time property investor or have a large property portfolio, this is something you need to understand before your next refurbishment.
WHO THIS VIDEO IS FOR:
🏠 Property investors
🏠 First-time landlords
🏠 Buy-to-let investors
🏠 HMO investors
🏠 Property developers
🏠 People buying their first renovation property
🏠 Anyone planning a house refurbishment
🏠 Anyone looking for a reliable builder
🏠 Investors managing property renovation projects
🏠 Anyone trying to control refurbishment costs
ABOUT STEVEN HAMILTON
I’m Steven Hamilton, The Property Educator.
I share real property investment experiences, property refurbishments, buy-to-lets, HMOs, supported housing, property development, property finance and the reality of building a property business.
This channel is about the real numbers, real projects, real lessons and the mistakes that can happen along the way.
If you’re interested in UK property investment and want to learn from real projects rather than just theory, subscribe to the channel.
🔔 SUBSCRIBE for more property investment videos, refurbishment projects, property case studies and lessons from the real world.
💬 COMMENT BELOW:
Have you ever picked the wrong builder?
What happened with your property refurbishment?
And what is the biggest lesson you’ve learned from working with builders?
DISCLAIMER:
This video is based on my personal experience and is for educational and informational purposes only. Property investment involves risk, and you should carry out your own due diligence and obtain appropriate professional advice before making investment, construction or financial decisions.
#PropertyInvestment #PropertyRefurbishment #PropertyRenovation #UKProperty #PropertyInvesting #BuyToLet #PropertyDevelopment #HMO #Landlord #PropertyInvestor
