The Daily Telegraph - Property - - Opportunit­ies -


with any prop­erty, lo­ca­tion is all: if it’s a great site in a less-than-great area, it’s not worth the has­sle. A tricky site or an un­promis­ing ren­o­va­tion in a great place is al­ways worth con­sid­er­ing, how­ever. If you can’t see the po­ten­tial, ask around among friends and con­tacts who have de­vel­oped suc­cess­fully them­selves. 2Be

as prac­ti­cal as pos­si­ble: con­sider ac­cess to the site, de­bris re­moval, ser­vices con­nec­tions. How many trades­peo­ple can you call upon if, in­evitably, one of your work­men lets you down? 3Are

you ex­pe­ri­enced? If not, don’t think you can do much of the work your­self and save money. Far bet­ter to keep an eye on the work and man­age any prob­lems that crop up closely than try to take on any of the big jobs. 4Ask

any­one who might be able to help for ad­vice – you’ll be amazed what you can pick up. 5Don’t

be afraid of pub­lic­ity: Re­becca found that ap­pear­ing on Prop­erty Lad­der, de­spite po­ten­tial hu­mil­i­a­tion, net­ted her lots of very use­ful dis­counts on her de­vel­op­ments. 6Un­less

you are in the for­tu­nate po­si­tion of money not be­ing an ob­ject, learn­ing to bud­get is the sin­gle most use­ful thing you can do. Re­search ev­ery item you need, from bath taps to chip­board, and search for deals. Be re­al­is­tic about what your funds and your site can achieve – there’s no point try­ing to give a one-bed­room flat three bed­rooms, but you could trans­form that same flat into some­thing re­ally fab­u­lous. 7Build­ing

your own home can be the cul­mi­na­tion of a dream or the start of a night­mare. Keep a close eye on your con­trac­tors, re­search the project prop­erly and think through your ideas prop­erly and you could end up with your ideal home at a knock-down price. Fail in one of the above ar­eas and you might just end up with an eye­sore and very large mort­gage.

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