Bricks and Mortar - Upgrading to Let
| Upgrading to let | Upgrading to live in |
|---|---|
| Building & designs must be neutral to please a range of tenant tastes | The plans and designs only have to please the owner |
| Emphasis on design, function, and durability | Emphasis on personal taste |
| Often a ‘grudge’ purchase, thus budgets normally tight | Often a long-planned exciting project, thus budgets more flexible |
| Looking for direct financial return | The ‘return’ is simply enjoying the property |
Upgrading Property to Let
Property TV shows are misleading when it comes to letting, because upgrading a property to let is very different from upgrading to live in – see table.
Landlords must be careful about stamping their own taste on renovation projects without thinking about tenants and their tastes.
Our unique skill is designing building projects specifically to let well. We know what tenants want and so we avoid building work that is either insufficient or over-the-top.
It is in this middle ground – spending enough to attract a good rent without any costly unnecessary work – that the greatest profits lie.