The real cost of looking after properties long term is so overlooked. It's a crucial yet often overlooked aspect of long-term property investment and it frustrates me to see investors who fail to properly consider the inevitable need for property refurbishment over time. Some base their numbers on the initial purchase and some refurbishment but no follow up costs for the medium to long term.
KEY TAKEAWAYS
BEST MOMENTS
"It just frustrates me a little bit that people don't really think properly about long-term investment."
"There's some really cast iron dilapidation clauses."
"At some point you're going to need a chunk of change for a full refurb."
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