6 Steps For Property Investors To Maximise Renovation Rewards

People enjoy taking a dwelling that’s been a bit neglected and breathing new life into it, making it into a home tenants will love and want to care for and more importantly, it’s a great way of manufacturing equity for the property investment portfolio.
This strategy requires a lot of planning when it comes to successful execution, but over the last decade, numerous prime-time television shows have glorified the idea of buying a derelict hovel, throwing tens of thousands of dollars at it and selling for a tidy profit.
Making it all seem terribly easy and glamorous.

Unfortunately it is not that easy, ensure you follow the below 6 points:

1. Keep it cosmetic
2. Draw up a budget AND follow it
3. Identify and satisfy your market
4. Choose your property wisely
5. Renovate for profits, not pleasure
6. Put your plan into action