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Wiley, April 2012
FROM RENOS TO RICHES
THE CANADIAN REAL ESTATE INVESTOR'S GUIDE TO PRACTICAL AND PROFITABLE RENOVATIONS
As an investor, part of providing a residence for your tenants is providing a place where they will feel at home and want to stay. How do you do this affordably and strategically? Many landlords will either do a minimal amount of work-and work that has no lasting value-or at the other end of the spectrum, go overboard, using expensive materials and paying for extra and unnecessary labor. Rental renovations are meant as a long-term investment with your best asset in mind-your tenant. Knowing what renovations to undertake and how to do them will guarantee that money is well spent on long-term renovations that last the life of the property and decrease tenant turn-over and loss of rental income.
From Renos to Riches is the product of the author's experience as a renovator and investor in residential properties. It offers the reader insights into these key areas:
how to assess and cost a renovation and determine if it makes financial sense;
what's involved in contracting out a job;
how to keep to budget and timelines;
how to green your property;
jobs you can tackle yourself;
design tricks that are inexpensive but look like a million bucks;
and much more.
With this book you can grow the value of your portfolio of properties; increase cash flow through strategic renovations and decrease expenses by saving money on maintenance by doing the job right the first time; reduce energy usage; and create goodwill with the people who drive your business-your tenants.
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