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I thought I would curate Property Tribes' top 10 resources for property developers:1. Find a project with lots of potentialProperty Tribes RepoList - the U.K.'s largest real time database of auction, repossessed, refurbishment, and "cash buyer only" dealsHow do you find your refurbs? Best places to seek planning gain? My beautiful seaside development project - ugly bungalow transformed! Sourcing refurb projects with Property Tribes RepoList10 tips for spotting property deals others might have missedUnlikely signs that an area is ripe for development2. Organising JV finance Use ourGolden Rules for lending developers money - applies to if you are borrowing money from JV partners as well.3. Floor planning softwareI like RoomSketcher and it's free!4. Getting your deals financedVisit the Mortgages Tab* and try our whole of market mortgage sourcing tool. The PT Brokers team can be contacted on 0333 363 6507.5. Save money on skip hire Tips for saving money when hiring a skip6. Work with a reputable builderBuilder asking for additional monies because of site burglary10 tips to avoid cowboy builders7. Make sure you have got your budget rightWhat would the ultimate refurb spreadsheet look like?What margins do you expect + download property valuation templateWorking out refurb costs and budgetCosts of building a house?8. Maximise your lay-outWhy not seek community input like these tribesters did?Chalet bungalow - downstairs bedroom?Looking for lay-out ideas Preferred floor plan - help appreciated!9. Spend money on the things that add the most valueKeys to adding value to a property during refurbBest places to buy kitchens and bathrooms?10. Choose kitchen appliances with a 5 year guaranteeWe are currently in the process of launching Property Tribes Appliances*, a full service domestic appliance solution specially tailored for landlords. We can supply, deliver, install and remove the old appliances NATIONWIDE.After we have taken your order, we deal direct with the tenant and arrange access to the property etc, you will have to do nothing else at all, whilst being kept up-to-date with our automated order alerts.We sell a product I thought might be of interest to HMO landlords - Gorenje branded machines. They are well built, reliable machines. In our opinion the length of manufacturer's warranty gives you an idea of how confident they are of their machines lasting. If they know they will last for at least 5 years then they will offer you a 5 year warranty. After all, we are talking about an insurance product and they aren't there to lose money! We sell a Gorenje washing machine for £269 icl. VAT and it comes with a 5 year full parts and labour warranty from the manufacturer!Compare this against the cheapest Beko on Curry's and it works out cheaper (once you have added the aftermarket warranty) This is an ideal product for landlords and will ensure that once replaced, you won't have to spend a penny on the appliance for 5 years!We can provide all appliances from Gorenje including washing machines, ovens, cookers, dishwashers, fridges, freezers, fridge freezers and anything else you can think of, all with a 5 year warranty as standard. If you have any questions please get in touch with PTA. Tim Stedeford Property Tribes Appliances 0203 488 1391 PTAppliances@dandscorporate.com11. Take advantage of Permitted Development rightsCommercial to residential conversions jump by 40%12. Be inspired by other people's developmentsDirectory of Property Tribes' members refurbishment projects*In the interests of transparency, Property Tribes will receive a small commission for any mortgage taken out these commercial partners. This helps maintain PT as a free-to-use community resource.
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
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Just adding some new resources to this thread:Top 5 tips for profitable refurbishmentBlueprint for a successful refurb with Sue Elkington
Extending your home or adding a loft conversion can add more than £42,000 to the value of an average property, while an extra bathroom could boost its worth by nearly £10,000, a report has found.
Based on average house prices, Nationwide Building Society calculated that an extra bathroom could add 4.9% or £9,600 on to the value of a home in the UK, while increasing the floor area by 10% could add another £10,000, or 5.1%, on to its worth.
A home extension or loft conversion could increase a property’s worth by about 22%, or £42,700. Meanwhile, adding a decent-sized extra bedroom has the potential to boost the value of a home by 11%, or £22,100.
Robert Gardner, chief economist at Nationwide, said home buyers were prepared to pay more for extra usable space, as this was often associated with better quality accommodation.Full/source story
Just up-dating this thread with some more related discussions:Help needed in costing a refurb Trying to gain perspective on a refurbHow far do you go with a refurbishment?
Some additions to this thread:Received an estimate - feel sick Trying to gain perspective on refurbishmentAll I need to know about refurbishment Bath or Shower room - full or partial tiling? Gas & Eletric meters Replacing Front Windows - FENSA Keep the bath or replace it with big shower? Where do you source your paint?
Of interest ... a new tool calculates how much value a property will be added by refurbishment:Full/source article and try the tool
Some further additions to this thread:Is it just me...? Trouble holding onto trades What happens to a planning application? How to negotiate with a planning officerHow to handle planning hold upCan you appeal a planning condition? Alternative ways to planning permission... Change of use development - rookie developer