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How should rising construction costs impact your property investment decisions? With Stuart Wemyss
Description
A property's value is typically divided into two components: the land value and the value of any improvements, such as the dwelling.
Conventionally, land tends to appreciate over time, while buildings are said to depreciate as they get older and suffer more wear and tear.
However, the rise in construction costs poses an interesting question: what impact do rising construction costs have?
In today's episode, Stuart Wemyss and I discuss the ramifications of soaring construction costs on property investment. We cover the challenging landscape of the property market, focusing on aspects like renovations, investment locations, and the power of a positive mindset.
From analyzing historical trends of construction costs outpacing inflation to discussing strategies for creating intergenerational wealth, Stuart's insights provide an in-depth exploration of property investment in the face of rising construction costs.
Links and Resources:
Stuart Wemyss – Prosolution Private Clients
Stuart's Book – Rules of the Lending Game & Investopoly
Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us
Shownotes plus more here: How should rising construction costs impact your property investment decisions? With Stuart Wemyss