Weekly round up on what’s driving the Fife Property market including a look at recent listings, sales and coming soon:
Article, Podcast and TV Shows written and produced this week are:
FPTV (EP 210) RULES FOR RENTERS: Our Landlord Guide to Your Tenant’s Duties of Care
If you want your tenant to look after your rental property correctly, it’s unfortunately not enough to rely on them knowing every letter of the law around their responsibilities.
What some might see as basic housekeeping or even common sense, others may not, and without specific wording in the rental contract, the door is open for problems, disputes and disappointment.
(Watch/read/listen) https://www.fifeproperties.co.uk/blog/rules-for-renters-our-landlord-guide-to-your-tenants-duties-of-care-2
9,730 Fife Landlords to be Hit by New Eco Rules in 2030
9,730 Fife landlords are facing new eco regulations that will require significant upgrades to rental properties by 2030, potentially costing tens of thousands. What does this mean for Fife landlords, particularly those with older properties? The impact on the local rental market could be profound, with potential for fewer rental properties yet higher rents for tenants.
Jim Parker and Richard Cook discuss this article and the impact that this may have for Landlords and tenants in Fife.
(Watch/Read/Listen) https://www.fifeproperties.co.uk/blog/9730-fife-landlords-to-be-hit-by-new-eco-rules-in-2030/
EP 138: THE WEALTH CREATION SHOW: The Financial Freedom Blueprint
There are many different models of buy-to-let, but a proven winning formula is buying a property in need of renovation, upgrading the specification, then releasing the increased equity to fund another buy-to-let project.
Homes in need of work cost less to buy, which immediately reduces the cost of Stamp Duty/LBTT. And when you’re not paying for somebody else’s taste, you can add value by updating the interior and identifying untapped potential.
Do you want to find suitable homes to renovate, know how to get the specification right, and having the finance in place for the purchase and works?
Luckily, you don’t need to head back to school to understand this as Lettings Director, Richard Cook and one of the UK’s most successful property investors, Jim Parker are on hand to discuss.
(Watch/Listen) https://www.fifeproperties.co.uk/blog/the-wealth-creation-show-the-financial-freedom-blueprint/
If you’ve missed the previous shows you can catch up on our channel: https://www.youtube.com/@WealthCreationShow
If you are a private client of ours, including the ongoing support you can also receive one to one mentoring on portfolio building. Please contact us to richard.cook@fifeproperties.co.uk
This is all about accelerating your wealth in 2024.
*We must point out that we are not financial advisors, and this is only our opinion of what we would do. Investments can go down as well as up so if you do want professional advice from a qualified advisor, please contact us direct and we will put you in touch with someone.
