In this episode, we discuss the concept of overcapitalisation, what it is and how you can avoid it. In simple terms, overcapitalisation is where you spend more money to renovate a property, but you get less out of the property than what you've spent.
This applies to any dollar that you've spent on a property and not seen a return on that dollar (that is anywhere, where you have spent a dollar and not seen your property increase in value by a dollar).
We also mention our property investor quiz, this is where you can answer 7 quick questions and you'll get an instant 'yes', 'no' or 'maybe' answer about whether you are in the position to invest or not just yet.
The Property Academy Podcast