Renovating for profit can create a great sense of achievement. Finding the right home and investing the correct amount of money would result in a profitable investment.
Creating Your Reno Profit Machine
So you’ve put together your well-oiled renovation for-profit machine and may be asking yourself “What’s next?”
Bernadette Janson, founder of She Renovates, explains how she used her skills, earnings, and resources effectively once she reached this point in her career.
Attaining Success In Renovating For Profit
It takes time to become a successful renovator. The truth is that, like any other profession, reaching the peak of success in renovation takes commitment and a good dose of hard work. However, once you have your machine chugging along, your destiny is in your hands.
Once you reach a certain level of success in your renovating for-profit career and you’re achieving two, or even three or four projects a year you may find yourself wanting to share the experience or work with others. Renovating alone can sometimes leave you:
- Feeling isolated
- Working alone on site
- Having no one to share your joy and pain with
This was my experience, which is why I founded The School of Renovating to not only build a community in which I could be a part, but also a platform with additional benefits and to share my experience and passion.
The Personal Rewards Of Renovating For Profit
Once you’ve established yourself well as a renovator, you’ll be able to not only enrich yourself but also change your life. There are several personal rewards that come with renovating for profit like being able to finance your children’s weddings or taking the whole family away on a holiday.
Having said that, the best reward we can give ourselves is the capacity to give back.
Human beings have a built-in desire to help others and a natural inclination to want to do good.”
Participating in philanthropic projects is a brilliant way to use your profits to make a difference in the world. For this reason, my family and I supported an organisation that takes care of at-risk children and we did it the best way we knew how: we bought a studio, renovated it for profit, and donated the proceeds to charity. Over $120,000.
Renovating is not just about the money, it’s about the richness that it brings to your life.”
While working on this project we produced a booklet of renovation hacks – champagne on a beer budget so to speak – to help you complete truly stylish renovations. Please feel free to download and we hope you get great value from it on your renovating for profit journey.
