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1999 – the buyout – owned7 properties all in substandard condition 2001 - Park House and Inverie house sold. Income generated – 200k to support hydro refurbishment
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1999 – the buyout – owned7 properties all in substandard condition 2001 - Park House and Inverie

Feb 26, 2016

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1999 – the buyout – owned7 properties all in substandard condition 2001 - Park House and Inverie house sold. Income generated – 200k to support hydro refurbishment. And don’t forget the paperwork…!. - PowerPoint PPT Presentation
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Page 1: 1999 – the buyout – owned7 properties                              all in substandard condition 2001 - Park House and Inverie

1999 – the buyout – owned7 properties all in substandard condition

2001 - Park House and Inveriehouse sold. Income generated – 200k

to support hydro refurbishment

Page 2: 1999 – the buyout – owned7 properties                              all in substandard condition 2001 - Park House and Inverie

And don’t forget the paperwork…!

• Housing and tourism survey in 2001 led to clear support for the need for temporary accommodation to support the local economy

• Start keeping statistics• Establish housing list• Make sure you know your AT5’s from your

AT6’s

Page 3: 1999 – the buyout – owned7 properties                              all in substandard condition 2001 - Park House and Inverie

2001 – A frame built – temporary fully furnished, shared accommodation for temporary workers - local labour worked for half normal rates - funded from KF reserves - total cost around 25k ( rental levels to reflect 10 year payback) - in 2013 , refurbished to provide 1 unit

Page 4: 1999 – the buyout – owned7 properties                              all in substandard condition 2001 - Park House and Inverie

And don’t forget the paperwork…!

• New property means new tenants means……allocations.

• Draft allocation policy and procedure drawn up and implemented in 2002

Page 5: 1999 – the buyout – owned7 properties                              all in substandard condition 2001 - Park House and Inverie

2002 - single bedsit created – own funds

Page 6: 1999 – the buyout – owned7 properties                              all in substandard condition 2001 - Park House and Inverie

2003 – Foreman’s and Stalkers refurbished toprovide affordable accommodation - empty properties grant - improving housing for older people grant - Mortgage through Triodos bank

Page 7: 1999 – the buyout – owned7 properties                              all in substandard condition 2001 - Park House and Inverie

And don’t forget the paperwork…!

• Sale of land policy started in 2002• Sites identified, valued, discussions and

arguments• Continue with statistic collation, collecting

rents etc……

Page 8: 1999 – the buyout – owned7 properties                              all in substandard condition 2001 - Park House and Inverie

• 2002 – 3 sites start sale process for homes but with no conditions –

• generated income for KF projects but raises issues:

• - residential or commercial?• - length of time to build?• Sale of 3 sites led to revised housing policy

and shared equity • scheme

Page 9: 1999 – the buyout – owned7 properties                              all in substandard condition 2001 - Park House and Inverie

2004 – KFT ( local charity) build A Frame on KF land using own funds and labour - KF receives nominal land rental. Tied accommodation.2005 – Son rise a Frame built by local buildingContractor, no land rental – becomes a Foundation property in 2015

Page 10: 1999 – the buyout – owned7 properties                              all in substandard condition 2001 - Park House and Inverie

And don’t forget the paperwork…!

• Housing policy drawn together in 2006• Keep collecting statistics• Lodger agreements drawn up• First housing needs survey in 2006• Shared equity scheme starts being discussed

in 06 – finalised in 2009!• Yurt site• Landbanking discussions?

Page 11: 1999 – the buyout – owned7 properties                              all in substandard condition 2001 - Park House and Inverie

And don’t forget the paperwork….!

• Preparation for rural homes for rent• Join landlord accreditation scheme?• Joined SLE• Revised housing need survey 2008• Update statistics• Registered as a landlord with Highland council

( better late than never….)• Training

Page 12: 1999 – the buyout – owned7 properties                              all in substandard condition 2001 - Park House and Inverie

2011 – Rural Homes for rent, funded by - Rural Homes for Rent grant - Mortgage with Triodos bank - Knoydart Foundation reserves - Highland Housing Alliance charitable trust( specific items eg solar panels)

Page 13: 1999 – the buyout – owned7 properties                              all in substandard condition 2001 - Park House and Inverie

• 2011 – Rural Homes for rent ( details as per previous slide)

• 2012 – 2 more shared equity schemes start• - aim is to generate 5k per plot cash for KF• 2012 – start sale of plot on open market to

raise funds (hoping for around 60k) for refurbishment of….

Page 14: 1999 – the buyout – owned7 properties                              all in substandard condition 2001 - Park House and Inverie

And don’t forget the paperwork

• Revisit housing needs survey• Re register with highland council• Get tenants pack drawn up ( now a legal

requirement)• training

Page 15: 1999 – the buyout – owned7 properties                              all in substandard condition 2001 - Park House and Inverie

2016 – refurbish Farm Bothy? Part of proposedmajor redevelopment in area creating new bunkhouse and single person housing………….

Page 16: 1999 – the buyout – owned7 properties                              all in substandard condition 2001 - Park House and Inverie

But building a property is only the start of the story………….

( bet you didn’t want to know that did you…..)

Don’t forget about the maintenance!!!

Page 17: 1999 – the buyout – owned7 properties                              all in substandard condition 2001 - Park House and Inverie
Page 18: 1999 – the buyout – owned7 properties                              all in substandard condition 2001 - Park House and Inverie

And don’t forget the paperwork…..

• Keep records of build and changes• Keep design simple• Plan maintenance• Record it• Keep plans of plumbing and electrics• Keep suppliers handbooks, guarantees• Make sure tenants have information • Be clear on responsiblities ( yours and tenants)