For new property acquisitions, how can I accurately factor projected Decent Homes Standard compliance costs into my investment spreadsheet *before* purchasing, especially for properties needing significant cosmetic works?
Quick Answer
Accurately factor Decent Homes Standard costs by conducting thorough pre-purchase surveys, estimating specific repair/upgrade costs, accounting for landlord tax implications, and adding a contingency to your investment spreadsheet.
About This Topic
Factor Decent Homes Standard compliance into property investment. Budget for damp (£500-£2k), heating (£2.5k-£5k), and add 20% contingency on renovations.
This question is part of our Buying Your First Property category, providing expert guidance on UK property investment.
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