What is the main lesson from the failure to sell three of those four properties at auction? Surely it is that sensible people won't buy a property that's been renovated at the rush by a group of amateurs!
One problem with auction is that you have no cooling off period, so you need to inspect the property thoroughly before bidding. How can you do that when the renovations are still in progress under the watchful eye of the attendant television crew?
This blogger recently had a major home renovation done by a professional company with excellent results. A side benefit was that they brought to my attention significant, and clearly verifiable, problems in my old house of which I had been unaware. They offered solutions with no obligation to use them for rectification. I am sure that when, in some distant time in the future, I come to sell the property, my renovation money will have been well spent.
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