Property Ladder S06E03
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- เผยแพร่เมื่อ 12 พ.ค. 2018
- Sarah Beeny's really got her work cut out this week helping property amateurs develop for the very first time. Why? Because when you're used to earning big bucks, giving it up to take on the risk of trying to make profits from property is terrifying, especially when you factor in a family to feed.
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Working in project management it amazes me that people do not plan or research well before taking on such a huge and high risk job. Budgets are tiny, they don't know their target market, they end up making the inside too personal and few properties have undergone a survey so there are many hidden nasties. Their buying is impromptu and these poor people are left with little or nothing at the end of the day. Too many reality TV shows that make it look easy. And poor Sarah, few people listen to her and she is the expert and her feedback makes sense!
The best way to make money via property is to buy a house in very bad condition in a very good area. Bring the house up to the area expectations, then sell it.
@nova00boss Your comment doesn't make sense.
If you buy a house which needs work in a good area you will pay considerably under the ceiling price for that area, therefore the house has the potential to gain value.
If you buy a good house in a bad area, you will pay at or above the ceiling price for the area, so never make money on the house.
In the former instance, just a little DIY on the house, which won't necessarily be expensive if the person buying it has the skills, will raise the value of the house to, or above, the ceiling price. Therefore the house can be sold for much more than the sale price, even taking the cost of renovation into account.
I did this with my first house. I was a lone, 26 year old woman, bought a bad house in a good area, redecorated it myself, lived in it while letting rooms. When I eventually sold it, it was worth about 15 times what I paid for it.
This is because the area was expensive and the house was in demand.
NEVER buy in a bad area. You'll lose money.
@nova00boss You obviously don't understand much about property. Go and grow up. I'm saying no more in this pointless debate. You're obviously either a troll or very young.
Genius! ... I mean ...who would've ever thought it! 😀🤣🤣🤣🤣
It comes down to location and location if you buy the worse or bad house in a great area. Almost any improvement will make the house saleable. My grandmother did this in the 1950’s and 1960’s always just clean, paint and maybe new carpets all within 90 days then sell if didn’t sell quickly change to rental.
Stew is not too bright, I’m always amazed at Sarah’s patience. If u r not gonna listen to pros, why even ask them
Both couples were lucky that the market rose considerably during their build - had there been a downturn, they'd have lost everything.
Pregnancy can add a sense of urgency to do things before the baby comes.....but it must have added so much stress having to borrow so much. Both homes turned out beautifully. Most of these developers should stay in their work investment for a few years. Amazed with the total open doors of the kitchen/dining area ....while beautiful...wonder about bugs, birds, rodents coming in.
I in these British homes is there never storage in the bathrooms, A vanity with drawers instead of pedestal sinks would work so much better and so functional…
Pedestal sinks are the worst choice EVER.
Them: No experience...given up their careers...risking everything they own...taking massive mortgages: Me: Shudder
Her pregnant. Because, why not.
@@violetabrdar8957 Isn't that the best time to take huge risks, quit your job, and incur massive credit card debt (which their profit probably won't even cover)?
Then they're rescued by an overinflated market...
THANK YOU for posting these!
WOW!!!! Solid OAK flooring!!!!!!!! A M A Z I N G !! Fabulous! Baby brought luck!
“We enjoy the idea of property development.” 🤦♀️😫🙄
Cheers to Pat the builder in Aylesbury!!! Oh! Blessings on your head! All good things to you!
These programs show that property 'development' is almost always a waste of time. People think they've made money by adding value, but they've usually simply made money by holding a property in a rising market. They'd have done better buying and holding the property and keeping the day job.
Taylor They'd have done better to have bought a better property and simply rented it out for a couple of years, kept the day job and earned 80 grand from the day job plus the rent AND got the capital gain as well. That's my advice based on years of experience in property investing. This sort of thing's a loser's game.
Bless your heart Taylor why even bother entertain a know it all internet troll honestly...
Taylor I know. I didn’t mean you. I meant don’t pay Adiel any attention.
You're absolutely correct. When I was married, a number of years back we sold a beautiful new spec home and bought a big old house on 5 acres. We busted our butts for 2 years, gutted the house, jackhammered up tiles, ripped the kitchen out, took it back to it's bare bones. Outside it was like a jungle so we bought in bulldozers, cleared and had a landscaper bring in truckloads of Palms lol It was a nightmare and consumed our lives. We had young children at the time. Anyway, when we sold, we made a profit of around $120,000 (Australian dollars) which might have been impressive given it was in a country town. However, the market had actually moved. It was stagnant prior. And guess what? The new house we sold increased in value by a bit less but around $100,000. So if we'd stayed where we were, we would have saved all the hard work and made about the same 😳
But with developing you can make the money quicker and hopefully keep turning over houses every 4-6 months and making around 20k to 40k each time.
You need your own crew ,you need large bank balance ,you need to know your area ,you need organized skills, you need whole sale price avenue on materials ,you need to be on site 24/7, you need to know your structural engineer who works for you ,you need to know your building codes ,you need to know neighbors ,you need to read your disclosure statement offer to you ,you need to work in the winter ready for spring home sales , you must and need to have a Real estate license if you try the USA as the fees are5 % to 6 % selling don't even think of flipping with out lic the fees will kill your profit ,If you flip in South of France you pay the Police for trucks on some street plus Mafia who control the trucks and delivery plus take your Maire d'une ville to lunch he controls every thing ,If you flip in Calif your delays will be planning ,permits and once a month County meetings that drag on for approval this will kill your profit You need a home inspection /surveyor Some parts of USA have no disclosure statement EG are you in a flight path ,Having built and remodeled all over the world Hope this helps Plus buy right !
For one they listened to Sarah and made a decent profit
The upper cabinets in the Victorian house should have had crown molding. The cabinets look very unfinished without it.
Why would you leave your job when you don’t have enough money to start with
Is it possible to re upload season 1 to 3
Why dont they just listen to sarah,she Always as the best ideas ,they were beung very stubborn,and and basically know it alls.
All these homes look the same in the end why does everyone seem to have the same taste?
I wonder about that too. Do they have help from reality show professionals?
He’s on top of it all right.
(14:14) They're on a MINUSCULE budget and he still wants to knock the hallway wall out and re-build it. HERE is where the rubber meets the road. There are ways of OPENING UP A SPACE without ACTUALLY having to make it bigger. If he is in this business to make a profit, he should know this. He should be researching clever ways of working with space. THIS is where actual decorators can make an enormous difference. Really, if you're going to do this as a business, KNOW that there is talent involved.
Also known as the shyster show!
Sarah looks stunning.
All that endless talk about how "massive" the house is--and they never show a shot of the front of it! Why?! All we get is the "before" pictures repeated...and lots of pointless shots of the bathroom tap or a pan of the sofa...
I am so surprised that bungalows are not considered desirable . It’s the most energy efficient and extremely convenient to live in. Very surprised.
I love mine , so easy to be on one floor.
I have the feeling that there's a kind of snob value in having stairs, like it means you're upper class or have a more 'posh' house.
because the UK is a small country with a large population, land is astronomical and difficult to develop on. Bungalows have large footprints, limited square-footage and are regarded as a waste of space these days.
bifold doors r always a huge mistake🙈
They are homes built side to side. Built mainly 1700's on. Some built in Australia and a few in NZ. But mainly in UK and some in older cities in the USA. An end Terrace used to be best of the lot.
I live in NZ and I have never seen houses joined together, like in the UK.
@@rebeccacerecke4511 they are in Dunedin, down by the university. They have stunning fretwork.
The UK has been blessed with many terrace rows, but often the "end of terrace" homes come with additional structural issues. A full survey ahead of purchase is prudent.
Has anyone else seen the light under the back door? I hope that wasn't fully finished 😕
The lighting issues (OMG)... down-lighters are NOT FLATTERING, they're COLD ... and they're EXPENSIVE. "No, we're still going to go with them." People DO NOT LISTEN. It's extraordinary. Having them in the kitchen (actually NECESSARY, or where they DO really work best) and bathrooms (not flattering, but out of the way) is FINE. But in all the other rooms ... WHY??? Overhead lighting (if it's the ONLY source) makes you feel TIRED.
And yet, once again, these people are amateurs.
So happy that that couple made 50k ... the couple looked so nice... 😊
Yes, I'm happy for them but I believe if it wasn't for Sarah's suggestions they would have made a real mess of it again.
Thanks for sharing this. Are the houses sold fully furnished?
Regards from Iceland 🇮🇸
Usually depends on the buyer if they want them or they get put into storage for the next one.
No, it's really rare for furniture to be sold with a house, although you do sometimes get offers by the seller to buy something large, like a bed or a wardrobe, sometimes curtains too. But by default it is the property only. Shows like this have the furniture in to make selling easier, and so it shows the viewers how a room could be used. It's called "Staging"... as in "staging the room to sell".
first 20 seconds.....gym boy has some pound, and lady francoix has f all :) love story based on moola
Very interesting risk taking need money to make money an hubby helps
If anybody has access to season three of Property Ladder I need it I believe I feature in an episode and would love to see it please send it to me if you have it :)
These people make every mistake in the book.
LOL so is everyone in life if you ask me. Theirs is just televised, and eternalised for the world to judge, and learn from.
@@AndreasTabuMuntu Remember - not everything on "reality TV" is as it appears either. It's in the program makers interest to make things appear worse than they actually are. People appearing to do it perfectly wouldn't make good TV ;o)
Yay they made 50,000
What does “terrace house” mean in the U.K.? Thanks 🙅♀️
A house built between two houses. If that makes any sense ☺️
A row of houses that are joined together
It's like townhouses in America
Why is everything beige???
because beige is in baby.
Because they can put buyers off if they use strong colours. Plus it makes the rooms look even bigger.
You've got to love the way the British building industry has given up putting an "s" whenever they pronounce an estimated price.
"that'll be about 15 hundred pound" .... LOL.
hey are brilliant at making 1500 pounds sound alot less by saying 15 hundred pound. As if all they aer asking for is ONE pound !!! Brilliant :-)
It's not the British building industry. It's the idiom there, though not in every class of people. They also speak of someone weighing 'ten stone' instead of ten stones. It's idiomatic English.
Why wasn't the well persevered instead of being filled in?
Preserved, not persevered!
It's common, not special, and of no value.