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The Property Podcast

TPP243: The due diligence we do on developments

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.82K Ratings

🗓️ 9 November 2017

⏱️ 22 minutes

🧾️ Download transcript

Summary

This week we take a deep dive into the research you should be doing when buying in a new development. Particularly when you're looking at off-plan opportunities, the promises of developers can look great – but there are dangers too, and plenty of unwary investors have ended up with a problem property...or no property at all! To make sure you're protected, Rob B runs us through the checks he makes at RMP Property when assessing a deal. There's a lot to it, so have your notepad at the ready... Resource of the week Would it surprise you to hear that in 58% of the country, house prices are lower now than they were in 2007 by the time you've taken inflation into account? Well, it's true – and with this interactive map from the BBC you can see exactly where prices are higher in real terms than they were a decade ago, and where they're lower. Thank you to Paul for sending this our way! News this week The Bank of England base rate has risen...all the way back up to the dizzy heights of the previous historic low it was at until 18 months ago. This BBC story covers how it will affect different groups. Join the conversation Have you had any bad experiences when buying in a new development? Is there anything you'd add to our checklist? We’d love to know, so join the discussion in The Property Hub! 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

Click on a timestamp to play from that location

0:00.0

Hello everyone and welcome to the property podcast it's episode

0:03.4

two four three and Rob B of course with Rob D and this week

0:08.0

we're going deep really deep with research.

0:19.0

Yeah, we certainly are. Yeah, we certainly are.

0:21.0

Get your not pads at the ready, or Evernote if that's the way you roll, that's fine too.

0:25.1

We are going to be getting into a lot of detail.

0:28.0

This is an episode that's going to give you a lot of confidence when you're buying and you're

0:31.9

doing your research, it gives you a

0:33.0

checklist to go through it also could save you a lot of money we'll have some horror

0:37.1

stories later and we'll tell you how you can avoid them we certainly will but for all

0:40.6

we do with just a quick thank you to everybody who attended the

0:44.8

meet-ups and most of all the meet-up leaders Rob you bought yourself a train ticket

0:48.8

and headed up to Birmingham how was it? It was great thanks. Really good meetup in Birmingham.

0:53.0

Lots of super friendly people, they're very enthusiastic about property.

0:57.0

Of course, people investing in different areas of Birmingham, but also further afield as well.

1:02.0

It's one of those meetups that pulls people in from across the whole of the West Midlands

1:05.7

and so I learn lots about investing in the Midlands in general, which is an area that I'm a little

1:10.5

bit weak on.

1:11.5

So I really enjoyed spending time with the good

1:13.7

people there and Rob you were not a million miles away because you were in

1:17.6

Cheltenham. I was in Cheltenham beautiful part of the world took advantage

1:21.2

of that the next day went for lovely breakfast but before I had that lovely breakfast I went to a lovely meet up full of lovely people and yes not just saying this to be nice Rob because it was also full of lots of nice people really had a nice time super super meet up

...

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