Buying a 'ruin' for renovation – cold calculation of costs

Peeling walls smell like money, but also pose a real risk of bankruptcy. When buying an apartment for a major overhaul, you must price hidden costs with ruthless precision: replacing plumbing stacks, old wiring, or crooked screeds. Profits on such a transaction can be gigantic, provided strict budget adherence. The first stage of cutting costs is bypassing the agent's tribute upon purchase. Every thousand saved is a better budget for tiles and a carpenter.