YouSpotProperty is the name of a company who turns empty homes, forgotten properties and derelict buildings into liveable ones, then sells them for profit.
They use a crowdsourcing technique, e.g., you, to find those properties and reward you for it.There’s actually no restriction on UK areas you can look empty properties for. However, YouSpotProperty won’t be rewarding properties in Northern Ireland, Wales or Scotland as they’re primarily interested in England onlyYouSpotProperty has several details, notably requirements that need to be met in order for you to be eligible for the rewards.
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A few examples include properties that are ‘for rent’ or ‘for sale’, and empty homes that do not have residents. If there’s someone living there the building has to be in a derelict state. Furthermore, if the house sits on a sub-£100,000 house price average area then you may not get compensated.The current record for biggest cash reward on YouSpotProperty went to Paul Wood when he snapped a photo of a West Hampstead house. The sale of the property was recorded at £1 million, and Paul earned £10,000 as a finder’s fee.
London houses tend to have greater value but it’s not unusual to earn thousands of pounds in the process. It’s also worthy to note that £10,000 is the maximum cashout YouSpotProperty is giving but since properties are always rising the chances of hitting the ceiling is pretty high.