TPP211: Should you invest in new builds?

The Property Podcast

Rob Bence & Rob Dix

News, Investing, Education, Business, Business News

4.8 • 2K Ratings

🗓️ 30 March 2017

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Some people think that Rob D isn’t a new builds kinda guy, this isn’t true. New builds are great for hands off investors, but you need to be aware of key points to be successful. Why you would in invest All new appliances and 10 year warranty - Ideal for hands off investors BMV possibility if you buy in volume - learn more on buying BMV in our course here. Tennant appeal - What would you lease a new car or an old car? Buying process - No chain Lower energy bills Why you wouldn’t Hard to add value - So not great for investors who want to be hands on Can be hard to assess value in some situations where there are no direct comparables Snagging Other things to be aware of Are they overpriced in the first place? Time to let on a large new development? News story: City house price growth slows to 6.4%. City house price growth slows to 6.4%. Manchester is now the fastest growing city as London slips to 10th in growth rankings. Read all about it here. Meet Rob D in Scotland Our Scottish Meetups are brilliant already but in April we are having a re-boot of our Edinburgh Meetup and we're sending Rob D to say hi. If you can make it, he would love to see you. You can book your completely free ticket to the Edniburgh Meetup on April 6th here. If you can't make it to Edinburgh there is bound to be a Meetup near you anyway - you can find more details and links to book your tickets, right here. Resource of the week Music to improve productivity and flow? Yes please. This is right up our street. You'll find the site purposefully simple and easy to use. I’ve been using the service for a little while, and it’s perfect for what it’s designed to do: Give you something to listen to while you get some work done. Check it out here. Continue the conversation over in the forum Do you invest in new builds? Do you avoid them? Let us know why and join the conversation over in the forum! If you enjoyed The Property Podcast, please leave a review on iTunes Reviews are really important in helping other people to find the show, so by way of thanks we read out every single review we receive on air. If you’d like to hear your name on the show, leave us a review on iTunes here. Not sure how to leave a review? This video shows you how to review and subscribe on iTunes. See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	New Build or not to New Build? That is the question.
0:04.0	We're asking today on the Property Podcast, it's episode 211,
0:07.0	It's Rob B here with Rob D.
0:09.0	And today we're looking at new builds. Yes, we are a topic that we've touched on many a time, but never given it its own episode.
0:19.6	So today we're putting that right, and also it gives me an opportunity to go on the record and set something straight so more on that in just a second
0:27.6	But before we get into our main topic a quick nod towards the news and Rob there's a new home track report out today we do like a good house price index
0:35.4	We do we do in home track makes it even more interesting for us because it breaks down the price growth or falls city by city.
0:45.0	And Rob, if only two wise property gentlemen said this at the beginning of the year,
0:50.6	but who has gone into number one for the first time? Manchester. I think this
0:56.0	is going to be a very small podcast. Yes Manchester topping the league with 8.8% growth in the last 12 months, beating Bristol into second.
1:06.4	It was previously topped with 8%.
1:09.2	And London has fallen further down the rankings is now 10th with growth of 5.6% so you know
1:15.9	growth of 5.6% over a year you wouldn't be
1:19.2	upset with that necessarily but it does kind of go to show that buying in London for capital growth,
1:24.5	that it's not an automatic thing to do. We have been saying for a while that we thought
1:28.8	that growth in the north would eclipse the south and bring the two closer together.
1:33.0	It appears to be happening.
1:34.4	And also a city we've talked about before as a one to watch.
1:37.0	Aberdeen continues to fall bottom of the league
1:39.7	minus 5.9%.
1:41.6	Really interesting market Aberdeen, as we've mentioned because how heavily
1:44.4	influenced it is by the oil industry. But interesting to see it continues of all
	...

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