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The Property Podcast

ASK108: How do you price up a refurb? PLUS: Can I raise the market rent?

The Property Podcast

Rob Bence & Rob Dix

Business News, News, Business, Education, Investing

4.82K Ratings

🗓️ 3 October 2017

⏱️ 9 minutes

🧾️ Download transcript

Summary

It's time for another couple of questions in this week’s edition of ‘Ask Rob & Rob’,  Shane & Barry from Shropshire… ...ask Rob & Rob... How do you price up a refurb? PLUS: Can I raise the market rent? ASK YOUR OWN QUESTION TO ROB & ROB! Don't be shy! All you need to do is leave a message with your name and whatever's on your mind. Just pick up the phone and call 013 808 00035 (normal UK call rates apply). Or if you prefer, click here to leave a recording via your computer instead. NEED MORE ANSWERS? The Property Hub Summit is the place to get all your questions personally answered by Rob & Rob, and build a network of other smart, motivated investors. Over the course of a full day at a swanky hotel we'll help you set your goals, form a plan to get you there, overcome your obstacles, and give you the support system you need to make sure nothing gets in your way. Just don't hang around - there are only four Summits each year, and just 8 places available at each! Interested? Click here to find out more. See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

Hi, I'm Rob. And I'm Rob. And this is Ask Rob and Rob.

0:07.0

It's certainly is.

0:12.0

Welcome to Ask Rob and Rob, the show where you ask us questions and we give you answers. Normally we at least do too. Not bad value, hey, for a free podcast.

0:20.0

And we make it very easy for you to join in and be part of the show. You've got two ways to do it. Rob, do you want to sort people through?

0:27.0

I will. So you can give us a call. Oh, 13, 808,00035. That's 013, 808,00035. That's 013, 808,00035.

0:35.0

Or you can go to the Property Hub.

0:37.0

net slash ask.

0:38.0

Either way, you'll be prompted to leave a voicemail, you'll ask your question.

0:42.0

You'll sit and update your feed eagerly

0:44.6

every Tuesday to see if we've answered your question and one day we will have done just like we have

0:49.6

this week with Shane.

0:51.6

Hi, my name's Shane, a great podcast as always. I'm just looking to be able to price up a

0:59.8

refurb when I'm viewing properties in a really quick time because builders don't want

1:04.7

to be coming out and giving me quotes all the time and sometimes when I have done that the

1:08.7

property has been sold by the time I've got my offering. If you are formally that you use or is it just a guess or

1:15.8

is it just experience over a number of refirps that enabled you to estimate a price?

1:20.8

Any help with this would be great. Thank you. Bye bye. Okay Shane, thank you for that question. This is one of those questions where you're asking but so many other people will be thinking and wondering the same thing. It's a really common situation and it is really difficult.

1:33.7

You're going around looking at properties, you can't get a builder out to look at all

1:37.1

all of them.

1:38.1

You'll be lucky if you can get someone out at all to look at one.

1:40.4

And so what do you do?

1:42.2

Well, unfortunately, I don't have an answer that solves this

...

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