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Monthly Archives: August 2020

Latest UK Real Estate News

Posted on April 26, 2021 at 12:06 pm

Housing prices have been increasing since earlier this year with the government committed to supporting the housing market. The Budget announcement saw two elements of change to help increase housing market activity levels. The first was that the Stamp Duty holiday will be continuing, until June for purchases up to £500,000 and the end of September for those up to £250,000. After this, the thresholds will resume to pre-pandemic levels. This will hopefully continue to provide relief for home buyers, for a bit longer, than the previous March Deadline.

Additionally, the lender guarantee scheme of 95% was brought in to help provide a boost to the mortgage market. This scheme seems very similar to the Help to Buy Mortgage scheme that was used back in 2013 and 2017. Hopefully these two programs, endorsed by the UK government, will help provide the stimulus needed in bringing the housing market back out of the pandemic slump.

Posted in Home Development

Top 5 Ways to Add Property Value

Posted on April 10, 2021 at 1:24 pm

Home/Property owners are often considering ways in which they could add property value to their home. There are quite a few options out there, but these are the most common 5 ways:

1. Garage Conversion- you can convert your garage into additional living space to raise value by a possible 15%

2. Loft Conversion- turning your loft into extra living space, for a possible 15-20%

3. Splitting a house into flats- in areas where flats are in high demand this is an excellent way to maximise rental income or possibly raise property value by 30%

4. Cellar conversion- upgrading your cellar into extra living or storage space can bump property value by 30%

5. Kitchen Extension- creating a kitchen extension, possibly by a side return may increase value by 15%

All of these options are incredible ways to increase your property value or rental income. Most of these options also typically do not involve planning permissions, dependent on the extent of the work you want done.

Posted in Home Development