House-flipper who made £45k on her latest pad on how to renovate your home on a budget – & don’t waste cash on a garden

15 mins read

A HOUSE-flipper who has made £45,000 on her latest home, reveals how you can renovate your home on a budget.

Deborah Marshall, 47, has been flipping houses in Yorkshire for eight years alongside her husband Paul, 44.

Deborah Marshall and her husband Paul have been flipping houses for eight years[/caption]

Deborah and Paul have renovated and sold five houses during this time on top of their full-time jobs.

Now, they are setting up a new service offering advice to homeowners looking to decorate and refurbish on any budget ([email protected]).

The couple move into each house they renovate and complete all the work while they’re living there.

Deborah says this crunches down the overheads and takes the pressure off sticking to a certain timescale.

Deborah makes a living transforming run-down homes like these[/caption]

She and Paul then sell on the homes at a profit[/caption]

“We tend to choose houses that have been lived in for years and never been touched. We turn them back into homes again,” she told money-saving community

Their latest project, a three-bedroomed 1930s semi-detached property, sold in a day, earning the husband and wife team a £45k profit on the back of a £50k total investment.

The proceeds from each sale are helping the savvy couple towards their goal of becoming mortgage-free, and to build their pension pots.

“Many of the projects we take on need a top-to-toe refurb, but I like a challenge,” says Deborah.”

Here, Deborah shares her best advice for renovating on a budget…

Deborah and Paul will move into the house and do the work themselves to save on costs [/caption]

Do your homework

“You may need to sit at your computer for hours researching where you could find things a bit cheaper. Some people can’t be bothered, but this is how I save a lot of money.

“I’ll happily spend an evening looking for the best deal on kitchen cupboard handles. It may save me just £50. But if apply this money-saving approach five times during a project then that’s an extra £250 in my pocket.”

Take a cue from the style of the house

“To save money when renovating, always look to the style of the house, as well as any special features that you can make the most of, such as a chimney breast or high ceilings. Working with the house rather than against it will save you cash by avoiding any unnecessary changes.”

Deborah says you should make use of any original features such as a wood-burning stove[/caption]

Steer clear of structural changes, unless they’re essential

“We try not to touch anything structurally, as it costs money. Plus, it saves the time we would have spent applying for planning permission. If you start knocking things down, or even want to switch out a window, you need to ensure you are doing it within the regulations.

“If you’re working on your forever home, however, then I would advise making those bigger changes you know will be best for your lifestyle in the long run. Knocking down walls to create modern, open-plan spaces, for instance, is hugely popular, and with good reason.”

Cheapest isn’t always best for budget

“Buy the best materials you can afford at the time. We’ve plumped for real oak floors, for instance, at times when we may have been able to get away with laminate. But when you get the best you can afford, it’s likely to last you longer, which is ultimately better value.

“People appreciate quality, so ensure your upgrades have a good finish. As the saying goes, sometimes you need to spend money to make money.”

She recommends opting for the best materials that you can afford [/caption]

Don’t compromise on your dream kitchen

“It’s always best to shop around and find a kitchen you really want,” she says. “Never compromise, otherwise you will quickly get fed up with it.

“Always get a plan drawn up, too. It’s free and it’ll show you how kitchen will look once completed.

“Also, never buy a complete kitchen from one supplier, unless you can get it cheaper by buying it as a bundle. I always get the exact kitchen I want, but I almost always leave the handles and the worktops out of the package, as I’ve learnt that I can save hundreds by sourcing these myself.”

Look out for discounts

“Wickes has a great range of kitchens and if you know someone who is signed up to Wickes TradePro and qualifies for an extra 10% off – my husband is, as he’s in the trade – then you may be able to call in a favour.

“If you time your purchase when Wickes has one of its 25% sales on, and you’re getting an additional 10% on top, it’ll be worth your while buying all your appliances there at the same time, as you’ll make a significant saving.

“Sales like that usually last for two weeks so you have plenty of time to research whether you could pick up certain elements, such as the handles, for cheaper elsewhere.”

Deborah says you should never compromise when it comes to the kitchen[/caption]

And she says that you should source your own handles as it works out cheaper[/caption]

Bundle up your bathroom

“For bathrooms, I like Victorian Plumbing, which sometimes has fantastic deals on complete bathroom suites that include everything except for the pipes. This offers a massive saving compared to buying everything individually.

“Shop around for tiles, too. We have a few local independent suppliers that are very reasonable. Plus, you can often find slightly different designs in these sorts of stores, which may be just what you’re looking for.”

Compare quotes for the specialist jobs

“If the house needs any work done involving the electrics, gas or plumbing, then you’ll need to call in the professionals.

“We’re lucky, as we know lots of people in the trade. Ask around if you can and see if you can get mates rates through friends of friends.

“If that’s not an option, make sure you get at least three quotes per job, so you can compare prices and work out what an average cost would be for the work. This will help you to make an informed decision.”

Bathrooms are another key focus for Deborah[/caption]

She says you should shop around for the best offers[/caption]

Stick to the plan

“Stick to your plan, especially if you are flipping, as it’s costly when you don’t. Once, we changed our minds halfway through a renovation and it massively upped the cost.”

Keep an eye on knock-on costs

“If you’re renovating a house that you’re living in, like we do, it’s important to factor in how you will cover any extra expenses, such as food when you don’t have a working kitchen or access to bathroom facilities when you water’s shut off.

“Thankfully, we have family members nearby who accommodate us when needed. If you’re not so lucky, you may need to factor a few hotel stays into your overall budget.”

Decorate from the heart

“Decorative accents that make a house look inviting can make a big difference to its perceived value. I always like to hang a large mirror in the hallway, for instance. With this in mind, I have collected lots of antique gold mirrors from flea markets, garage sales, online marketplaces and even rescued them from tips.

“They’re a win-win for me, as people give them away and you can update them easily by painting the frame. They always look good and bounce the natural light around.”

Furniture size matters

“When furnishing on a budget, the most important factor is that the items are a great fit for the space. When selling a house, I will often offer to throw in the furniture for the same price I bought it for to sweeten the deal.

“It represents huge value for the buyer, as their current furniture may not work as well in the space – and the same goes for me if I have to move it all to a new house.”

She recommends keeping an eye on charity shops for bargain furniture buys[/caption]

Shop smart

“Charity shops that exclusively sell furniture are always good for a browse. If you’re patient, there’s always something you will find that you like.

“When shopping, try to imagine how you want to feel in the space and buy accordingly.

“Be creative too – you may be able to paint the furniture or adapt a chest of drawers into something else entirely as long as it fits the space you want to fill.”

Avoid money pits

“People underestimate how much gardens cost to upgrade. Try and work with what you’ve got unless it’s an absolute tip.”

Keep an emergency cash pot

“We’ve started factoring in a contingency pot of money to dip into if needed. When you’re nearly at the end of the project and are really having to crunch down, that little bit extra can come in very handy.”

Tom Church, Co-Founder of comments: “Whether you’re flipping a house or renovating your forever home, budget will always be top of mind.

“Deborah is a fountain of knowledge when it comes to clever ways to save and stretch your cash, while also adding value to a property.

“Plus, it goes to show that playing it safe by taking a cookie-cutter approach isn’t necessarily the best way to boost your profit margin.”

In other DIY news, this couple spent £23,000 transforming a caravan into a mini-hotel.

And this woman transformed her crumbling pink bathroom into a luxury suite using bargains from eBay.

Plus this mum made an incredible mini-bed for her toddler to maximise every inch of space and it only cost a fiver.

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