I'm looking at a 3-bed terraced house in Leicester for my first BRRR. What are the common 'hidden' costs I need to budget for beyond renovation, like planning, surveys, and legal fees, that could impact my ROI when calculating the initial purchase?
Quick Answer
Beyond renovation, factor in Stamp Duty, legal fees, surveys, mortgage arrangement costs, valuation, and unexpected issues to accurately calculate your BRRR ROI.
About This Topic
Discover hidden costs beyond renovation for your BRRR property in Leicester, including SDLT, legal fees, surveys, and mortgage costs, to protect your ROI.
This question is part of our Buying Your First Property category, providing expert guidance on UK property investment.
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