Comments on: Taking the plunge: My latest no money down new build project http://www.ukpropertyexpert.com/blog/2009/07/taking-the-plunge-no-money-down-new-build-property/ property : money-making : investments Mon, 20 Sep 2010 15:49:47 +0000 http://wordpress.org/?v=2.8.5 hourly 1 By: Lyndon Forshaw http://www.ukpropertyexpert.com/blog/2009/07/taking-the-plunge-no-money-down-new-build-property/comment-page-1/#comment-407 Lyndon Forshaw Thu, 29 Oct 2009 20:21:02 +0000 http://www.lyndonforshaw.co.uk/?p=104#comment-407 Hi, I'm glad you like the blog, cheers Lyndon Hi,
I’m glad you like the blog,

cheers

Lyndon

]]> By: Peter Robbins http://www.ukpropertyexpert.com/blog/2009/07/taking-the-plunge-no-money-down-new-build-property/comment-page-1/#comment-218 Peter Robbins Sun, 25 Oct 2009 11:34:03 +0000 http://www.lyndonforshaw.co.uk/?p=104#comment-218 Hi Lyndon Just want to say thanks, for a very informative web site, I really enjoy seeing what your up to and value learning from you experience. Pleae keep it up. Hi Lyndon

Just want to say thanks, for a very informative web site, I really enjoy seeing what your up to and value learning from you experience.
Pleae keep it up.

]]> By: Vanessa Warwick (@4_walls) http://www.ukpropertyexpert.com/blog/2009/07/taking-the-plunge-no-money-down-new-build-property/comment-page-1/#comment-21 Vanessa Warwick (@4_walls) Fri, 10 Jul 2009 19:56:22 +0000 http://www.lyndonforshaw.co.uk/?p=104#comment-21 Well done Lyndon. It sounds like you have all bases covered! Great that you already have a buyer for one of the houses - that takes a lot of risk out of the project. I like the fact that you are going for a high spec finish. I think that is so important in this competitive market we find ourselves in. I admire your positive attitude and I think it takes courage to do what you are doing. Good luck and please feel free to post blogs/pictures on Property Tribes too! Well done Lyndon. It sounds like you have all bases covered! Great that you already have a buyer for one of the houses – that takes a lot of risk out of the project.

I like the fact that you are going for a high spec finish. I think that is so important in this competitive market we find ourselves in.

I admire your positive attitude and I think it takes courage to do what you are doing. Good luck and please feel free to post blogs/pictures on Property Tribes too!

]]> By: Lyndon http://www.ukpropertyexpert.com/blog/2009/07/taking-the-plunge-no-money-down-new-build-property/comment-page-1/#comment-20 Lyndon Fri, 10 Jul 2009 10:37:30 +0000 http://www.lyndonforshaw.co.uk/?p=104#comment-20 Hi Vanessa, Good point and did consider this before taking the plunge. I intend to delay construction so that houses are ready for spring next year - giving time for market improvement. I also have a buyer lined up for one of the properties - at a small discount. If the other doesn't sell by completion I will refinance and rent in the short term. However, I'm confident that with a the right incentive package I would attract a first time buyer rather than the BMV invester! Nothing ventured - nothing gained! As for a USP, I always try to much more value than the larger developers. Quality kitchens including all white goods (branded), fully tiled bathrooms, floor coverings throughout etc. I can even add a decent furniture package for 2-3k but much higher perceived value. So again will help to ensure good chance of sales. I'll keep you informed... Lyndon Hi Vanessa, Good point and did consider this before taking the plunge. I intend to delay construction so that houses are ready for spring next year – giving time for market improvement. I also have a buyer lined up for one of the properties – at a small discount. If the other doesn’t sell by completion I will refinance and rent in the short term. However, I’m confident that with a the right incentive package I would attract a first time buyer rather than the BMV invester! Nothing ventured – nothing gained! As for a USP, I always try to much more value than the larger developers. Quality kitchens including all white goods (branded), fully tiled bathrooms, floor coverings throughout etc. I can even add a decent furniture package for 2-3k but much higher perceived value. So again will help to ensure good chance of sales. I’ll keep you informed… Lyndon

]]> By: Vanessa Warwick http://www.ukpropertyexpert.com/blog/2009/07/taking-the-plunge-no-money-down-new-build-property/comment-page-1/#comment-18 Vanessa Warwick Wed, 08 Jul 2009 16:03:06 +0000 http://www.lyndonforshaw.co.uk/?p=104#comment-18 Hi Lyndon, This sounds a very interesting project and I for one will look forward to reading your diary. I think you are taking a big risk though, as there is no guarantee that you will sell the houses at the end of the project. The market may have dived further, interest rates might have gone up etc. You may well get some BMV chancer coming along and offering you 35% BMV!! Have you considered keeping one and renting the other one out? Can you add any USP to the houses to make them stand out from the crowd? Hi Lyndon,

This sounds a very interesting project and I for one will look forward to reading your diary. I think you are taking a big risk though, as there is no guarantee that you will sell the houses at the end of the project. The market may have dived further, interest rates might have gone up etc.

You may well get some BMV chancer coming along and offering you 35% BMV!!

Have you considered keeping one and renting the other one out?

Can you add any USP to the houses to make them stand out from the crowd?

]]> By: New to Lush at lumen http://www.ukpropertyexpert.com/blog/2009/07/taking-the-plunge-no-money-down-new-build-property/comment-page-1/#comment-15 New to Lush at lumen Sun, 05 Jul 2009 21:25:46 +0000 http://www.lyndonforshaw.co.uk/?p=104#comment-15 [...] Taking the plunge: My latest no money down new build project … [...] [...] Taking the plunge: My latest no money down new build project … [...]

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