176 – Skyrocketing Interest Rates, What Does It Mean For Renovators?

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Rising interest rates don’t automatically mean the market will come to a halt. It has been a long time since we had an interest rate hike, and it’s quite a shock. However, you do have to wonder what it means for renovators.

Rising interest rates can be devastating. But, like most things, it depends on how you view it. So, in this episode of She Renovates, Bernadette brings some perspective to the current situation and gives you tips on how to responsibly continue your renovating for profit journey.

Considering the world is dealing with the war in Ukraine and rising petrol and food prices, the latest increase in the interest rate has had surprisingly little impact on the market. Listen as Bernadette talks you through how to keep an open mind in fluctuating markets and how to find opportunities in troubling times.

 Watch the Episode on Video:

EPISODE HIGHLIGHTS: 

  • 00:00 Intro
  • 01:42 The history of interest rates for the last 50 years
  • 03:57 Current value of the properties in Newtown.
  • 05:20 How does continue to function as a renovator even with the rising interest rates?
  • 07:29 Risk management strategy.
  • 08:49 Airbnb
  • 12:32 Micro development strategy
  • 14:11 Mindset
  • 16:08 Tips on storing furniture when not in use.

She Renovates Free Facebook Group

If you want to meet up with a group of savvy renovators. I would say come over and join She Renovates Facebook Group. It’s a completely FREE Facebook group and it is growing at the rate of knots. We hit over a thousand members just recently, and now it seems to have picked up momentum. They are all savvy renovating women and men working their little hearts out to live a better life through renovating.

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Bernadette Janson

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