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/