Refurbishment Prices Going Through the Roof on UK Property
We are currently refurbing 6 properties. Absolutly in shock the costs of everything going up. How about even the petrol to get to project to project. We have projects in the NW of England up to Blyth in the NE of England. Shocking!! Then compare this to the money we are paid on interest at the banks absolutely appalling. At some point interest rates will probably shift however in the interim cash is getting eaten away by inflation. The safest protection of wealth is property. We feel even more with social housing as our tenants are really the Home Office. During Covid we got paid. We did not have working tenants who deemed not to pay us.
What are your experiences?