- Видео 253
- Просмотров 112 780
Refurbishment Mastery with Martin Rapley
Великобритания
Добавлен 16 мар 2016
Property refurbishment can be highly stressful at times, often with the profitability of the whole investment deal hanging in the balance. With 1000+ property refurbishment projects under his belt, Martin Rapley knows a thing or two about successfully running a refurb project on time and on budget.
Whether you're new to the world of property investment and property refurbishment or more experienced, Martin's range of online training and coaching programmes, packed full of useful and proven tips and advice, will help you on your property refurbishment journey.
Refurbishment Mastery, offers expert-led events, online training and coaching support to give property investors confidence and reassurance when carrying out property refurbishment projects. For over 30 years Martin has Project Managed and overseen in excess of 1000 property refurbishments and renovations. In this time he's create a framework that can be repeated, to save you countless hours of stress and unnecessary expense.
Whether you're new to the world of property investment and property refurbishment or more experienced, Martin's range of online training and coaching programmes, packed full of useful and proven tips and advice, will help you on your property refurbishment journey.
Refurbishment Mastery, offers expert-led events, online training and coaching support to give property investors confidence and reassurance when carrying out property refurbishment projects. For over 30 years Martin has Project Managed and overseen in excess of 1000 property refurbishments and renovations. In this time he's create a framework that can be repeated, to save you countless hours of stress and unnecessary expense.
022 - Are you spending too much on your refurb?
I regularly speak to property investors who, I think, are potentially spending too much on their refurbishments. This could be because they have just followed what they have seen other investors do or because they don’t understand their market.
In this episode I talk through some elements of a refurbishment where it’s very easy to spend too much money especially if you aren’t working at the top end of the market.
You won’t want to miss this episode, it could save you thousands of pounds.
Martin has been supporting property investors with their refurbishments since 2012 and he’s here to support you as well. Whether you just need an answer to a question or want to chat through the ways h...
In this episode I talk through some elements of a refurbishment where it’s very easy to spend too much money especially if you aren’t working at the top end of the market.
You won’t want to miss this episode, it could save you thousands of pounds.
Martin has been supporting property investors with their refurbishments since 2012 and he’s here to support you as well. Whether you just need an answer to a question or want to chat through the ways h...
Просмотров: 5
Видео
021 - Splitting the services - it's not always as simple as it sounds
Просмотров 1016 часов назад
This is a topic that I regularly discuss with members of my community and every time someone is surprised that it is not straightforward. This also means that it isn’t that cheap either so if you don’t understand what you need to do you could easily be caught out. In this episode I explain the whole process and give away indicative costs so that you have the knowledge you need next time you see...
020 - What software & apps do I need?
Просмотров 2014 дней назад
If you are putting off refurbishing your property because you don’t know what software or apps to use to help you manage things then this episode is for you. I’m here to encourage you to get started and can tell you that you don’t need anything special. There’s a bonus as well - you don’t need to buy anything! Listen for full details. Martin has been supporting property investors with their ref...
019 - Finding deals
Просмотров 2121 день назад
If you want to add value to property then you have probably realised that not every property that needs refurbishing is a good deal. This is where what separates the amateurs from the professionals and in this episode I explain something that the professionals know so that they can find more deals. Become a professional property investor and find better deals with this knowledge. Martin has bee...
018 - Paying your builder
Просмотров 1028 дней назад
In this episode, I explain the things that you need to consider when agreeing payment terms with your builder and what can happen if you get this wrong. Paying too frequently can be expensive but so can paying too slowly, which one do you choose. Listen now for full details. Martin has been supporting property investors with their refurbishments since 2012 and he’s here to support you as well. ...
017 - Property Investor -V- Developer
Просмотров 13Месяц назад
Are you a Property Investor or a Developer? Do you know the difference? Is it even important? In this episode, I explain the difference just so that you know and can answer the question if asked. Martin has been supporting property investors with their refurbishments since 2012 and he’s here to support you as well. Whether you just need an answer to a question or want to chat through the ways h...
016 - Delivering a project with Alex Ritson
Просмотров 10Месяц назад
Alex joined me for one of my weekly Q&A sessions to share what he had learned building a block of 4 flats with members of my community. He explained the good, the bad and the ugly of the project, what he did wrong, the improvements he would make next time and how close to the wire he came financially. This episode might put some of you off attempting a larger new build project and if it does th...
015 - How often should I visit my project?
Просмотров 12Месяц назад
This is a really common question that I get asked along with what should I look for when I visit my project. In this episode I answer both questions, which for some might be quite surprising and go into the reasons why you might be visiting too often. Martin has been supporting property investors with their refurbishments since 2012 and he’s here to support you as well. Whether you just need an...
014 - Delivering your project safely
Просмотров 2Месяц назад
Ultimately this is your responsibility and can’t be outsourced to your builder so you need to understand your responsibilities before there is an accident. I’m not qualified to give health and safety advice so this episode provides an overview of the legislation so that you understand the advice that you need to take from a qualified health and safety consultant. This podcast could save you a l...
013 - Article 4 Directions
Просмотров 202 месяца назад
Did you know that Article 4 Directives don’t just apply to HMOs? Many property investors avoid investing in areas with an Article 4 Direction in place, yet they could be missing out on some great deals. In this episode I explain more to ensure that you know how to use them to your advantage and be one step ahead of your inexperienced competition. Martin has been supporting property investors wi...
012 - Understanding VAT on your refurbs
Просмотров 302 месяца назад
Did you know that in certain circumstances you only need to pay 5% VAT for your refurbishment works? Wouldn’t it be great to save 15% every time you refurbish a property? Although I’m not able to give VAT advice, in this episode I explain my interpretation of the VAT regulations and help you understand them better. I explain when the reduced rate applies and what you need to do to get the benef...
011 - Make money from structural problems
Просмотров 272 месяца назад
Whilst amateur investors and the public are running away from property with structural problems I would encourage you to run the other way as with a little bit of knowledge there are some great deals out there. In this episode, I’ll explain who your best friend is when it comes to properties with structural defects and talk through some ways that you can creatively acquire a property with struc...
009 - How to appoint a builder for a smaller project
Просмотров 362 месяца назад
It’s alright using a formal contract on a large project but on smaller ones it just isn’t practical. Smaller builders are often put off by a formal contract as they don’t understand them so you need to find an alternative solution. In this podcast I outline a simpler solution and go through the important things that you need to think about, discuss and agree with your builder. This podcast coul...
008 - Answering questions from my community
Просмотров 223 месяца назад
008 - Answering questions from my community
007 - Maximising the value of your refurb
Просмотров 163 месяца назад
007 - Maximising the value of your refurb
005 - Planning drawings -V- Building Regulation drawings
Просмотров 413 месяца назад
005 - Planning drawings -V- Building Regulation drawings
Different types of schedule of works finance and builders
Просмотров 294 месяца назад
Different types of schedule of works finance and builders
Don't spend too much on a commercial unit
Просмотров 37Год назад
Don't spend too much on a commercial unit
When A Structural Engineer Is Better Than A Mortgage Survey
Просмотров 115Год назад
When A Structural Engineer Is Better Than A Mortgage Survey
Unpacking the letter you've received from building control
Просмотров 42Год назад
Unpacking the letter you've received from building control
Why Your Builder Doesn’t Want You To Visit
Просмотров 148Год назад
Why Your Builder Doesn’t Want You To Visit
How To Avoid A 3 Month Delay In Your Project
Просмотров 72Год назад
How To Avoid A 3 Month Delay In Your Project
Understand Your Project In 3 Dimensions
Просмотров 93Год назад
Understand Your Project In 3 Dimensions
Can you build from planning application drawings for a small kitchen extension?
Irrespective of the size of an extension there are many elements that fall under the building regulations (foundations, roof, insulation, fire protection to name just some). Therefore all extensions need building regulation drawings produced so that the Builder knows what to build and, following sign off by your Building Inspector, you know that you have a fully compliant building.
@martin-rapley ok but what if you go down the building notice route?
@@jako530 Building notices are used for small jobs (like inserting a structural beam), an extension would always require a full plans submission
Hello, how are you? I am a regular viewer of your RUclips channel. I came here to say that- "Your channel always leaves me excited for the next upload!" Good Luck
The issue is, the structural report alone costs £1k-£2k and if the vendors do not agree with the projected cost then its a money gone out of the window!
Also the home insurance costs sky rocket the moment property's subsidence gets recorded, especially if its BTL property then thts the end of it!
Yes, there is a cost. The mistake a lot of people make is that they start the process of obtaining finance (which costs money) and then get a hold up because there are structural problems that need a report. If the deal doesn't stack at that point then there is a double cost.
I wouldn't see that a deal breaker
I'm a structural engineer and I have never charged that much to look at pre-purchase houses that have cracks. In 30 years I've found only one that has subsidence. My costs are £200 to £400 depending on distance.
@ thanks for replying. So is this official report you'd (or any other Structural engineer) wd provide? I meant abt RICS full detailed report after initial & basic valuation report...
At 6:30 wow he must be a super clever guy for ripping off a solicitor 😂
It wasn't a small builder, it was a well set up contractor with a professional team that knew how to present things to their benefit
Hi Martin, my initial drawings which were used to obtain planning application have been drawn to scale using CAD - they are detailed. However the architect who did my first set of drawing is unable to assist with building regulations as he is upto his neck on workload. I have already got the planning permission. I have been quoted ridiculous pricing for the second stage. Is there a way i can cut some corners and resubmit the initial detailed plans again to the building regulations and just have additional explanation to each page for e.g. what insulation material between the walls etc. I will have structural calc for the load bearing wall. I am not sure hence just asking - not sure what more is involved especially if my drawings are CAD to scale ? Thank you.
The second stage always costs more than the planning drawings as that is where the risk for the designer is. If you try to short cut it then building control will probably reject it or ask technical questions that you won't be able to answer. I would ask your original Architect to send you the CAD files, you can then send them on to your new Architect to amend rather than starting from scratch.
Fantastic content. Really well communicated. Thanks for the knowledge ❤❤❤❤
A big shower?🙄
It's a big double bedroom so we could fit in a big ensuite to secure a premium rent
Very helpful, and interesting points about obstructions and hidden issues on sites 👍🏻
True enough thanks for advice
Thank you so much for the tips, Martin!
how do you plan a kitchen which has been moved into a dining room
The easiest way, if you haven't done it before, is to take the room dimensions to one of the kitchen companies and use their scheme as a starter. Make sure you also know where the drainage is as that can affect the location of the sink
what is the difference between a schedules and a tender pack. do you have a document to do a tender pack or a website on how to construct one.
what do you do if you have to use a jv partners builder. how do i get to know the builder.
The more you meet them then the more you will know them. It would be good to meet them before they are even appointed but that comes down to the agreement that you have with your JV partner to some extent.
I don’t get it
Hi everyone! Check out our website and follow our social media platforms for more tips about property refurbishment. You may also book a free 20 minute discovery call via telephone with Martin at calendly.com/martinrapley/free-call
Hi everyone! Check out our website and follow our social media platforms for more tips about property refurbishment. You may also book a free 20 minute discovery call via telephone with Martin at calendly.com/martinrapley/free-call
Hi everyone! Check out our website and follow our social media platforms for more tips about property refurbishment. You may also book a free 20 minute discovery call via telephone with Martin at calendly.com/martinrapley/free-call
what do you do if the pp is low and the gdv is low what do you do then
have you got a video on how to deal with landscapers
how do you get a builder to work for a fixed contract or instalments payments. how do you negiograte for them to do these payment methods
I tell all builders that I want a fixed price quote based upon my schedule of works. If they won't price on that basis then they are the wrong builder for me. Payment terms are by negotiation, if you can't get what you want then they are the wrong builder.
how can you sell a property quickly. how do you make quick decisions. how do you make cost effective decisions when it comes to finishes and where to go
To secure an offer quickly you may need to set the price just below your competition, unfortunately no matter how quickly you secure an offer there is still the conveyancing process wich can often be 3-4 months. Making the right decisions as far as the finishes comes down to knowing your end client (the person buying the property). Don't do works that are unnecessary for that client unless you can be really sure that they add more value.
i have a smal yard. how can i add value to it without going over board. how much do you think a garden of 4x4 should cost and what should i include in the space.
If you are planning to sell then make sure the walls/fences are in reasonable condition and then dress it with some coloured potted plants. Walls and fences in poor condition can be improved just by painting them. The key thing to remember is that in most cases purchasers are making their decision on the property not the garden so don't spend too much.
Best video I’ve seen on the subject, thanks!
Thanks
Thank you for this video. I totally agree, it's a simple differentiation but if I learned the hard way to not consider this on a refurb / extension project and ended up being quite stressed at the end as I was effectively carrying out both roles plus decorating, floor laying, etc. A hard lesson, the project was successful overall but these are very important roles to define and allocate prior to instructing contractors.
Great advice many thanks
Great explanation, would a JCT be required on small scale projects
With smaller projects the risks are lower so it becomes too expensive and onerous to use a JCT contract. The important thing with a small project is that you still agree terms of business between you and your builder.
These days my local council specify how many people are allowed to be in each room on the licence.
In many ways the licencing process came about because there was a lack of clarity in the building regulations and too many people were repurposing properties without providing basic standards. Overcrowding was one of these issues which is why they now have minimum room sizes and amenity space for HMOs. Understanding the licencing requirements allows you to proactively present a property to the LA demonstrating that it is compliant rather than leaving the decision to the housing officer. I have an HMO where it looks like the amenity space is too small for the number of occupants, however by showing that some rooms are large enough to be bedroom/living rooms, the shared space can be smaller. We got 2 extra occupants as a result of us taking the lead rather than leaving it to the housing officer.
Thanks for the video
What would be you view on electricity supply when splitting one house into two flats (say two small two bedroom flats?) I’m guessing the might be a need for a separate supply? I have never thought about this so thank you for drawing our attention to this point.
The benefit of bringing in a new supply is that you create 2 stand alone units that can be valued and sold independently. If both units run from one supply then you need to consider how bills are managed and accept that the 2 units probably have to stay in one ownership. This will also be the case with water supplies.
Thanks for clarifying. My broker gave me a "schedule of works" form from the lender: Schedule of Works section being 10 lines/rows with 3 column headings, Description, Timeframe, Cost (incl.vat) and at the top in the Borrower Details section fields for Applicant/Company Name, Property address, GDV (Gross Development Value).
That's good, it's exactly what you need at the early stage of a loan application.
Good job!!!
Whats the legislation please
The link in the post below is still the current document.
45 decibels or above
How do you present this to a builder?
Personally I don't JV with builders and I don't recommend it as explained in the video
Great video Martin. I think there is another learning here in that with commercial lending you need substantial funds to be able to get to the stage where you can call on the drawdown funds, you can't be relying on contractors to fund the gap for you! You have to have skin in the game or builders will become nervous about your ability to pay, which seems to be what happened here. You are very likely going to be looking at much higher quotes too.
Hi Danny. On larger projects where more established contractors are employed it is totally possible to place them on back to back terms with the lender and indeed that is effectively the terms within the JCT Forms of Contract. As you note these larger contractors do have higher overheads so may be more expensive so you have to balance one benefit against the other. I find that showing contractors the agreement from a bank to lend is generally sufficient to demonstrate funds, the key is agreeing the terms in good time.
Thank you for the information
Thanks for watching
Is it possible to change the interior of a large listed building from a 5 bedroom house to let’s say two apartments but keeping the exterior the same? Or is this something that is a non starter? Thanks
Thanks, very good shared experience and helps to deal with the "gut reaction" of just walking away at the first sign of subsidence.
big love martin
Hi. I currently offer planning application drawings for clients purely for passing the planning application process. My knowledge is very limited in terms of building control/regulations. Would you know if there's a course available which would help me offer a full building regulation drawing to my clients?
Your channel is good. Your videos are very nice, but you are not getting regular likes, comments and your subscribers are not increasing. If you want I will give you my best work and show your channel work. First of all I am not asking you for money. I will do your work, you give me money later, no problem. I am a professional Digital marketer and RUclips expert. Thank you.
Yes this makes sense.
Would it be possible to just convert the ground floor commercial unit to a residential flat too?
There are more planning conditions around these at the moment, particularly if the property is in a retail area. The most important thing to keep in mind is that the minimum space standards require flats to be 37m2 so if your commercial unit isn't of that size then at the moment it can't be converted.
Excellent stuff Martin. Do you have to put a heating system in or is it best left at that stage???
I wouldn't put anything in as tenents require different things. Some will require radiators and some will go with a combined air conditioning and heating system for example.
What is the ideal footprint for HMO ?
It will be difficult to get a 5 bedroom HMO from a property that is less than 100m2 (approx 1000 sq ft). Look for properties with a living room and dining room downstairs where the kitchen has been extended plus 3 x bedrooms and a bathroom upstairs. You may need an extra bathroom downstairs so scope to extend a cloakroom or convert a utility room will be useful.
Yes this is a huge issue that is often glossed over .
Thanks, a lot of info in one minute! Would love to see a longer video on this if you get the time.
If you have contractors you have to make random visits to the site. Too many of them don't deserve to be trusted.
With suitable due diligence in advance and therefore careful selection of the contractor you will find that they don't need random visits and can be trusted. On the flip side though, it's frequently the cheapest contractors that cause problems so you have to decide which is the most important to you - reliability or price.
Hi , thank you for sharing your insights. You may visit our Facebook Page here facebook.com/refurbishmentmastery/ for more updates and information on Property refurbishments. Cheers!
Great insights Martin. Thank you for sharing this and all the content on your channel
Hi! What about using a grade 11 listed flat above a shop as serviced accommodation? Do you suppose the local authority would have an issue?
There isn't a difinitive answer to this. In theory, you require planning permission to use a property for SA on a long term basis and I believe that the conservation team will be made aware of this application even though it probably doesn't affect the fabric of the building. I'm aware that a lot of SA operators don't apply for planning and that there are also plans for this legislation to be changed so it could be something to deal with in the future. My advice is to go into the deal with your eyes open, ultimately you are working with a listed building that has the risks discussed in the video.