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Episode 6: Developer Diaries with Ben Wilson - Tricks Of The Trade

Developer Diaries

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Maximizing Property Value Through Renovations

In this chapter, they discuss how they made renovations to a flat to increase its value. They mention how they took down the ceilings, which cost them a thousand pounds but added at least a hundred thousand pounds to the value of the flat. They also talk about the importance of targeting the right market with flat layouts, specifically mentioning the addition of a balcony that increased the value of another flat by 500,000 pounds. They emphasize the need to look for cost savings during renovations to counter rising prices. Finally, they mention that the number and ratio of bedrooms and bathrooms can impact the profitability of the property.

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