The Progressive Property Podcast Property News: New Refurbishment Scheme & Market Update
Jul 19, 2021
21:40
In this episode Kevin discusses expensive mistakes in building work, price hikes in building materials and the extended scheme in Wales bringing unused properties back into use.
KEY TAKEAWAYS
- There is a scheme that has been relaunches in Wales focusing on bringing unused properties back into use. They are doing this by giving grants towards those buying and renovating run-down properties. Anyone who receives this help will have to live in the property for 5 years – it is for home owners or prospective home owners.
- Be careful about any renovation projects, especially on older properties, you need to do your due diligence and ensure you aren’t going against a conservation order or other legislation. Contact the below four departments before doing any work:
- Conservation Department
- Planning Department
- Building Control Department
- HMO Department (if relevant)
- Building materials have increased a lot in recent months there are many things in play here; inflation, Brexit and Covid to name just three.
BEST MOMENTS
“Don’t get caught out”
“When you print money it devalues money”
VALUABLE RESOURCES
https://www.progressiveproperty.co.uk
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.
CONTACT METHOD
https://www.facebook.com/kevinMcDonnellProperty/
https://kevinmcdonnell.co.uk/