Can you make money property developing (Property Ladder)

Member Name: dthpsb

Product:	Property Ladder
Date:	01/09/09 (39 review reads)
Rating:

Advantages: Great presenter and great concept

Disadvantages: You see people losing money

Property Ladder is one of my favourite programmes on television. It has been on our screens for many years now and it is still great to watch.
There are many programmes on t.v. which focus around property developing and I think as a nation I think we have become a bit obsessed with the idea of buying a house, doing it up and selling it for a profit..........easy money some people seem to think. This show however shows the reality of the property market and more often that not people lose money.

The show is an hour long and is on Channel four at 8pm, it has since changed it's name from property ladder to propery snakes and ladders. This is to reflect the change in the current economic climate, where interest rates are almost none exsistent and house prices have fallen drastically. Factors which of course will have a negative effect on trying to make money out of property.

The show is presented by Sarah Beeny, who is just fantastic. She is obviously an expert and is there to give advice to the people renovating the houses. You would think anyone would welcome the opportunity to here her advice but this isn't always the case and people often decide to do things there way.

The programme usually features two couples in different parts of the country who have just bought a property in need of repair with the intention to sell at a profit. They say how much they plan to spend and what they hope to sell for. Both figures are often wrong with them usually not having enough to spend and expecting it to sell for more than its worth.

We then go on to see the trials and tribulations of the couples, whether things go to plan and whether they take Sarah's advice.
The couples often want to design the houses to their personal preference and forget they are trying to make money.

At the end of the show we get to see the newly renovated houses which are usually perfectly done, but at what cost. Sarah then gets three estate agents to value the properties and we see whether they are going to make a profit. Sometimes you get to find out if they sell and for what price.

Don't expect everything to turn out great for everyone because that is not the case. Sometimes people go on to be very successful and make a huge profit and on other occassions they get it totally wrong and lose money. With the new series and the drop in house prices there are now more people losing money.

It really is television at its best and after watching Sarah Beeny on Property Ladder for many years I still love to watch it.

Summary: One of the very best 'house' programmes on t.v.