Anyone who’s ever watched the property development show Property Ladder will know that cutting costs during your development is essential. For example, there’s no point spending £1,000 on a bathroom sink unit and £1,000 on a toilet pan when you’re trying to make a profit on selling the house.
However, it seems that most people on Property Ladder don’t realise this. When they’re developing the properties they get too emotionally involved in the development and want to add their own stamp to the development, using their own tastes. It’s as if they’re planning on living there themselves.
Sarah Beeny, the host of the show and a successful property developer herself, always gives the same advice. Stick within budget, don’t buy expensive items for the house when you’re planning on selling it and don’t make it too personal. Keep everything neutral and you’ll appeal to more buyers.
Yet time and time again they refuse to listen. In recent years the property developers have got away with ignoring Sarah because the rise in the housing market has made up for any extra expense they’ve made, but in the current climate they won’t get away with that.
Listen to Beeny!
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