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

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).

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The next question on Ask Rob & Rob could be yours.

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