Property News: New Refurbishment Scheme & Market Update

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 https://kevinmcdonnell.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/progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/