On this episode of Ask The Experts, Alka gives her 4 tips for when you’re renovating a property and what are the mistakes you need to avoid.

KEY TAKEAWAYS

• Have a building permit. Skipping this point alone will cost you time and money. Whether it’s a new build or you’re flipping on a project you need to have building permits for every area of the house: electrical, structure, etc.
• Do not hire cheap contractors. Some contractors skirt around tasks if you’re not looking. As a homeowner it’s your responsibility to see what the contractors are doing and make sure they don’t take shortcuts.
• Set a reasonable budget. There will be a time where unexpected issues happen around the house, it’s a given. When these happen you’re going to need some money set aside to fix it.
• Don’t be too trendy. If you’re selling your home in the next 5-10 years you need to look at whether the trend you’re going for is fading out of fashion that home will take a hit because it’s not trendy any more. Stick to timeless choices and they’ll never go out of style.

BEST MOMENTS

‘You have to be so careful, without a building permit inspectors will come and tear your project down.’

‘Three weeks ago, I had contractors in my home to touch up on cracks in the house, I told them specifically what needed to be done and I caught one of them using his finger to apply the glue. I asked him why he wasn’t using a tool.’

ABOUT THE HOST

Alka Sharma is a Real Estate Investor. She has a zest for life, helping her clients gain knowledge and insights into property investing. Alka takes her time to make sure her client’s needs are met.

Alka is an accomplished, professional ballroom dancer having competed both nationally & internationally.

Alka is grateful for all her experiences that have shaped her today as a successful Entrepreneur, Real Estate investor.

CONTACT METHOD

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Youtube: https://www.youtube.com/c/AlkasTotalFitness

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