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The Property Podcast

ASK179: Is there an ideal time in the cycle to renovate your properties? PLUS: Should I invest in derelict properties?

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.82K Ratings

🗓️ 26 March 2019

⏱️ 7 minutes

🧾️ Download transcript

Summary

This week on ask Rob & Rob we’ve got another two cracking property questions from our listeners. First up we’ve got Andrew who is wanting to know if there is a particular point in the property cycle when it’s best to renovate your property? He’s wondering if there’s a key point where you can both minimise your costs whilst maximising your profit. Rob D explains that the prime times to renovate your property are early and late on in the cycle. When it comes to having the renovation work done, the best time is early in the cycle, ideally just after the crash when nobody else is going to be doing it. Whether you’re wanting to flip a property to sell or keep it as a long term investment, Rob D delves into the detail on this week’s Ask Rob & Rob. Second up we have Kiki. Kiki is wondering if derelict properties make a good investment? This isn’t a typical investment option and Rob B talks us through what a derelict house actually is and how people usually get their hands on them. If you’re after Rob B’s thoughts on derelict properties, this is the episode for you! Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on013 808 00035 and leaving a messagewith your name and question (normal UK call rates apply). Or if you prefer, click here to leave a recording via your computer instead. The next question on Ask Rob & Rob could be yours. Have you joined us over on the Property Hub Forumyet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself. See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0

Hi, I'm Rob.

0:03.2

And I'm Rob.

0:04.2

And this is Ask Rub and Rob.

0:05.8

Hello everyone and welcome to Ask Rob and Rob.

0:10.8

The show where you provide the questions and we provide the answers.

0:14.8

That format's been rolling now for many a Tuesday and the good news is we continue.

0:19.6

Two great questions in this week.

0:21.8

Now before we get into those questions let's give you a

0:24.0

quick reminder of how you can get involved and get your question answered.

0:28.4

Yep you shouldn't need reminding by now but here you go anyway just give us a call

0:32.1

013-8,000.3.8.000.35.

0:37.0

Or go to Property Hub.net.

0:40.0

Either way, all you'll do is you'll leave us a voice message.

0:42.9

You can have a re-record if it all goes a bit wrong.

0:45.1

And then eventually we'll get that question answered for you.

0:48.0

And that's what we're going to do right now for Andrew.

0:50.9

Hi Rob and Rob.

0:52.3

It's Andrew from London here.

0:54.0

Just wondering, is there a time when it's best to renovate your property?

1:00.0

So you talk about the property cycle a lot at the time.

1:02.9

I'm just wondering if there is a time during that cycle

1:06.7

when renovating your poverty would actually be most beneficial

...

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