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/