In this video I tell you how to Budget and Cost a Refurb and how to Find Good and Reliable Contractors. Budgeting or costing a Refurb/Remodel is very important to ensure that costs don’t go overboard and that you can stick to a set budget and make a good profit. Finding good quality tradesmen is also equally important to ensure that you don’t get ripped off or end up with a really bad piece of work.
Budgeting a Refurb – 00:00 - 09:25
I recommend setting up a spreadsheet and dividing it into different sections to keep track of costs in the different rooms for your Refurb. I would also recommend keeping track of how much the items cost and where to buy them from. My favourite kitchen suppliers at the moment are DIY kitchens and Howdens. Kitchens come in two forms, flat packed and rigid, both of these have their advantages and disadvantages. Next up is the kitchen, here you will need to ensure that you budget for the toilet, sink, bath tub, shower and also other things such as the cistern, waste, shower pump etc.
Finding good and reliable contractors/tradesmen - 09:25 - 13:30
My top tip to find good tradesmen for a Refurbishment is to use Facebook Groups, such as ‘Bournemouth friends’ or ‘Slough buy and sell’, here you can search the group for people looking for a recommendation for a kitchen fitter or a tiler or a plumber, a number of people will comment on these posts giving their best recommendations and any advice on who you should stay away from. This is a great way to find reliable and good contractors as these reviews cant be faked in numbers and negative reviews cant be deleted like they can on other review websites such as TrustPilot or CheckATrade.
Social media
Instagram - ThomasJamesYT - https://instagram.com/thomasjamesyt
TikTok - ThomasJamesYT - https://tiktok.com/ @thomasjamesyt
Subscribe for more property related content - https://youtube.com/channel/UCRTndpz_fpcVcoVe0QF1IgA
The information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health and safety, electrical or financial advice. IF stocks or companies are mentioned, Thomas MAY have an ownership interest in them -- DO NOT make buying or selling decisions based on Thomas' videos. If you need such advice, please contact a qualified accountant, solicitor, insurance agent, contractor/electrician/engineer/etc. or financial advisor.
This is not an advertisement of property for sale and shall not be construed as anything other than an opinion for entertainment purposes only.
#Budgeting #PropertyInvesting #Refurbishment

By Stock Chat

where the coffee is hot and so is the chat

11 thoughts on “How to budget a refurb find good contractors”
  1. Avataaar/Circle Created with python_avatars ash davis says:

    Great video ! Am looking to buy an HMO what’s your opinion on buying a ready made HMO as opposed to making your own out of a property ? Many thanks 🙂

  2. Avataaar/Circle Created with python_avatars Eee See says:

    Hi Thomas, Very insightful and great stuffs! Can you do something on LEASEHOLD property please?

  3. Avataaar/Circle Created with python_avatars Alex Walker says:

    Haho These are good posts, well done. :0)

  4. Avataaar/Circle Created with python_avatars Yami Bone says:

    great value. subscribed

  5. Avataaar/Circle Created with python_avatars Bobby G says:

    Nice vid … any upcoming vids on the direction you the UK market is heading in 20/21 ??

  6. Avataaar/Circle Created with python_avatars mhoward181 says:

    Great video. Anyone looking for a JV partner?

  7. Avataaar/Circle Created with python_avatars megaman2016 says:

    This has been the most useful and practice video I've seen, you deserve more subscribers and views!

  8. Avataaar/Circle Created with python_avatars Nick 2017 says:

    Great tips there! Thanks man

  9. Avataaar/Circle Created with python_avatars S A says:

    Again another great video. Love the addition of the excel screenshots, aswell as the images of paint and kitchen etc. Really helped me to imagine the process. Also liked that you added your personal favourite suppliers, really showed that you know what you’re talking about. Keep it up!

  10. Avataaar/Circle Created with python_avatars Hola! Money Employed says:

    A lot of great tips and info!

  11. Avataaar/Circle Created with python_avatars Thomas James - Investing says:

    Let me know how you budget a refurb. Also, what tips do you have for finding good contractors?

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.