Costs

As well as insurance and the cost of employing a project manager, there are other costs to consider. Make sure you account for these, and make sure you have a contingency of approximately 10% of the total build cost.

Include the following into your budget:

• Demolition
• Garden/landscaping
• Structural guarantee
• Structural insurance
• Utilities
• Design fees
• Mortgage fees
• Survey fees
• Legal fees
• Stamp duty
• Land tax
• Land costs

Inside Track is a property investment education company; it is part of the Inside Track group of associated companies which offers services in sourcing pre-vetted investment property, a full range of landlord and lettings services, and independent financial advice including buy-to-let mortgages and remortgages.