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Property News: New Refurbishment Scheme & Market Update – Progressive Property Podcast

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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/

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