Buying a rundown place for less money means you can use your own time and sweat to bring it up to standard, or at least, so the theory goes.
The problem is that many changes you'll need to make will still require money, and some of it is either too difficult to do yourself, or you're legally not allowed to because it's dangerous.
The wrong do-up could actually cost you more than a place that you buy that's already up to scratch.
That doesn't mean it's impossible though; certainly not.
It just means we need a little knowledge up our sleeves to help us work out which are the right do-ups.
For the latest podcast I talked to Jen Jones from Nine Yards Consulting.
For the interview, watch the video above, or listen to the podcast.
• If you have a question about this podcast, or question you'd like answered in the next one, come and talk to me about it. I'm on Facebook here, Instagram here and Twitter here.
• Listen to the full interview on the Cooking the Books podcast. You can find new episodes in the Herald, or subscribe on iHeartRadio, Apple podcasts app, or Spotify.