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“If it ain’t broke, don’t fix it.” That’s the view some landlords take on the question of renovating a buy-to-let.
They do the absolute minimum in terms of maintenance and repairs and only manage to meet their legal obligations by the skin of their teeth. So, is this the best way to get the most out of your property investment We’d argue that instead of running your buy-to-let down to its bare bones, often the smarter option is to be proactive and refurbish or extend. We’re not talking about budget-busting Grand Designs-style projects. And, of course, it’s important to take the age and condition of a property into consideration before you make changes.
But carefully costed refurb works that appeal to your target demographic will pay for themselves in the long run. Read more to find out why.
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