Bathroom before and after
Clients contacted him in 2014, hiring him to perform an Active Search in their behalf.
He short-listed a number of properties based on their needs and possibilities. With good experience identifying properties with hidden value he looked for those which had not been renovated with a value of up to 650.000 CZK (approx. 24.000 EUR, 17.500 GBP or $26,500 USD).
WC before and after
After visiting the properties on behalf of the client he identified one as the best option. It was a 2+1 around 50 m2 in a very good, central location of Ostrava. The seller was motivated, Tomáš a good negotiator and an original offering price of 585.000 CZK was reduced to the final purchase price of 540.000 CZK (approx. 19.750 EUR, 14.750 GBP or $22,500 USD).
The total price of the renovation was 100.000 CZK (approx. 3.650 EUR, 2.750 GBP, $4,100 USD) for a completely new kitchen, bathroom, laminated flooring, a new wardrobe and other storage.
Bedroom after reconstruction
Tomáš cautions that such a high yield is not always achievable but 11 to 12% is definitely attainable. Want one of your own? Email him at tomas@czechpoint101.com.
Kitchen after reconstruction
Living room after reconstruction
Updated/Aktualizováno: January 29, 2015,
