From Renos to Riches: The Canadian Real Estate Investor's Guide to Practical and Profitable Renovations Paperback – Apr 24 2012
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From the Back Cover
FROM RENOS TO RICHES
THE CANADIAN REAL ESTATE INVESTOR'S GUIDE TO PRACTICAL AND PROFITABLE RENOVATIONS
As an investor, part of providing a residence for your tenants is providing a place where they will feel at home and want to stay. How do you do this affordably and strategically? Many landlords will either do a minimal amount of workand work that has no lasting valueor at the other end of the spectrum, go overboard, using expensive materials and paying for extra and unnecessary labor. Rental renovations are meant as a long-term investment with your best asset in mindyour tenant. Knowing what renovations to undertake and how to do them will guarantee that money is well spent on long-term renovations that last the life of the property and decrease tenant turn-over and loss of rental income.
From Renos to Riches is the product of the author's experience as a renovator and investor in residential properties. It offers the reader insights into these key areas:
how to assess and cost a renovation and determine if it makes financial sense;
what's involved in contracting out a job;
how to keep to budget and timelines;
how to green your property;
jobs you can tackle yourself;
design tricks that are inexpensive but look like a million bucks;
and much more.
With this book you can grow the value of your portfolio of properties; increase cash flow through strategic renovations and decrease expenses by saving money on maintenance by doing the job right the first time; reduce energy usage; and create goodwill with the people who drive your businessyour tenants.
About the Author
Ian Szabo has been a project manager and general contractor, and is a renovator and investor in residential real estate. His work has been showcased on programs on HGTV and the W Network, including Take This House & Sell It; Designer Superstar Challenge; Rooms that Rock; My Parents' House; Real Reno's; and Home to Stay. His work has also been showcased in House & Home magazine. Ian is a member of the Real Estate Investment Network, where he speaks on renovation, and is a keynote speaker at industry trade shows. For more information, visit www.flipschool.ca.
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Top Customer Reviews
Just a day after reading this book I used a couple simple techniques from the book and was able to save a couple thousands on an upcoming project. I wouldn't attribute it solely to the book, but it did **significantly** help. As you can see, from this stand point, the book has already delivered on its promise. I can guarantee that if you use his techniques, you'll also save the same.
For those who think renos and real estate is a "get rich quick" business, Ian in his book also dispels this myth by going through the ins and outs of what a professional renovator needs to know to be sucessful. At the end of this read, you'll either be equipped to do a proper reno job and structure your reno business properly, or you will be convinced that renovations is not your calling and decide to do something else instead. Either way, the book will be useful if it helps you make that *informed* decision.
One critique I have of the book is that I wouldn't call it a basic introduction book for a true beginner. The author assumes that you have some understanding of handiwork renovations and finance, so he doesn't break it down for the very beginner. For example, he talks a lot about joint ventures, but does not define it. This may be a standard concept in real estate investment, but for the true beginner, it can be a bit confusing.Read more ›
I didn't even do a good job putting his tips into place and our last two major renovations were EARLY and UNDER budget. This is after years of doing renovations that were usually over budget and barely on time ... sometimes late.
He explains how to get organized for the project, how to plan and oversee it in a systematized way and how not to get burned out by it. I think most investors or renovators know how easy it is to put every waking thought into a project and almost start to hate it because you're SO tired of thinking about it and working on it ... and he just lays it out so clearly how to avoid that. And because you're organized from the start thanks to his systems and tips you actually can avoid it fairly easily. I actually felt relaxed on the last renovation and it was the most under budget & early of all the ones we've done in almost 11 years!
I know for a fact that by simply tracking the materials we use, watching for them on sale and buying in bulk when the price is good saved us thousands of dollars. And while it sounds like a simple thing we were basically JUST IN TIME buyers. When a project required flooring, we'd go buy the flooring. When a project required appliances, we'd go buy the appliances but by watching for the sales on the stuff we use on all the renovations we saved so much.
Simple tips like that were what we put into place and it made a HUGE difference.
Whether it's a home renovation or a rental property - you'll be glad you read this before you did the project.
Most recent customer reviews
One of the best books out there if you want to get into the flipping or buy and hold rental market. Ian Szabo is the real deal and he is all heart!!Published 18 months ago by jason paquette
This book is front to back full of good information. I would have liked to see more about Reno for sales than Reno for rentals but there is so much good information I can overlook... Read morePublished 22 months ago by Aline Davies
Uncomplicated, simple, unpretentious.....sticks to the facts. I love this book and use a lot of what I learned from it in our real estate business. Worth every penny!Published on Oct. 17 2013 by Omolara Williams