Building and renovation projects in the US

After a very pleasant Christmas break, it’s time to update on some of our USA building projects, starting with a job that has been completed in short order and to budget.

A look through the new pictures below shows what a smart place it is now. Nice sunny paint job, new plumbing, new electrics, brickwork repairs to the chimney inside, refurbed bathroom and kitchen (note the new cabinet knobs).

And not to forget the brand new roof on house and garage!

All has been sorted out, down to fitting a smart brass effect lamp and new post box to side of front door.

That this is a very desirable property now is confirmed by the ease with which our rental manager found a good tenant.

All in all, a successful project. The owner had bought with the building works included in the contract of purchase. They have got exactly what they ordered and quickly. Probably no longer than if you were buying a house without works.

We often say this, but it’s always worth repeating. To buy a property like this NOT renovated at this price is a bargain. But to buy full refurbished and with tenant lined up is HUGE VALUE FOR MONEY. Given a bit of time, our clients stand to make big profits.

The exit strategy is clear – sell to USA families or investors, as they can pay more due to being able to access mortgage finance. That plus the rise in prices on these giveaway properties over next year or two, and the capital gains should be very significant.