Sunday, November 20, 2011

Close to settlement

Tip No.1 - All the gurus say it  - "surround yourself with people smarter than you". Over the last year I have met some wonderful people doing property from many differnet angles and some have become great friends and mentors. Inviting anyone interested, with a reno history or passion, to look at the house, has helped me target the main areas to reno immediately and areas that can follow once a tenant is in place.

Tip No.2 - Be on site when the building inspection is being done. My Inspector was a recommendation from within my circle and he expalined how and why he was reporting "findings" as he did. So, some things that might have otherwise read as a major issue were put into perspective and their true priority identified.

Tip No.3 - Be patient with trade. While one week the tradespeople were early, the next week some had forgotton the appoitment altogether. Getting quotes takes time and I am greatful for a longer settlement.

Tip No.4 - Respect the vendor. The vendor is staying in place until settlement. While I do have a clause to allow me access to the property with notice, I have appreciated the vendor's flexibility with trade appointments.

Keep it fun!