Factors that lower property values

Posted on December 21, 2022 at 12:48 pm

You want your home’s value to stay the same or grow if you own one. While the majority of homeowners concentrate on ways to raise a property’s value, they frequently overlook factors that can decrease a home’s value.

We all have our own preferences, but let’s face it: some people have distinctive tastes. It takes some effort and a sense of classic style to attain it. Your house price may be impacted, for instance, if you decorated your kitchen in the early 2000s and it still appears to have been done thus.

Small things like a missing roof tile or a crack in your home’s foundation may become apparent over time. Despite the temptation to overlook these issues, it is always preferable to address them right away. Estate agents will take into account these elements in their official pricing and will give the buyer any information they learn.

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Costs to consider before buying a home

Posted on June 27, 2022 at 3:37 pm

Mortgage arrangement fee: Expect to pay your lender an arrangement fee. In some cases, this can also be non-refundable if the purchase falls through.

Valuation Fee: Another lender charge, to check that the property exists and the property offers enough security against the loan amount. The cost can vary depending on the purchase price and lender.

Legal Fees: Some lenders will help with legal fees if you use their approved solicitor. You can shop around and find your own conveyancing solicitor.

Stamp Duty: If the property is more than £125,000 then you will pay to Stamp Duty Land Tax on its purchase price.

Surveys: These are a costly aspect of any purchase and many people pay for surveys on purchases that fall through so budget for extras just in case.

Removal Costs: Factor in the costs of a removal van. Just a few hundred pounds for a small local move to at least £1000 for a whole family’s lifetime possessions.

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The Cottagecore Trend

Posted on September 8, 2021 at 12:00 pm

The cottagecore is an aesthetic trend that has been around for many years but grew in popularity in 2020 due to the increase in home baking and self-sufficiency during Covid.  The trend has continued to sweep social media into 2021. 

The cottagecore trend reflects a need for comfort and cosiness with a touch of British elegance and is centred around simple living and harmony with nature. This is seen in the nature-inspired prints, gold accessories and ornaments that are added to the home.

This homely look is perfect for places with character, whether it’s a period property or a country cottage. The style is enhanced by traditional touches, such as parquet flooring, exposed beams and bare brick. Style with a mix of vintage and new home buys to add charm.

Cottagecore has been linked to grandparentcore which brings about the nostalgic feeling of what living would have been like when your grandparents were younger. 

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Five Summer decorating ideas

Posted on July 26, 2021 at 7:09 pm

Summer is here, so why not add a few touches to your home to add a little something to the décor.  Here are five summer decorating ideas for you to enjoy.

Do you have a wide-necked vase where the flowers always seem to fall to the side?  Add pebbles to the bottom of the vase and push the flower stems into it.

Does your armchair have removable legs?  Why not change them up for some clear ones or a different colour.  Can make your armchair look different with this one simple step.

Switch your cushions from one room with another.  This simple tip can freshen up a room instantly.

Do you have an old piece of furniture that doesn’t seem to sit right within the room?  Paint it!  Add a touch of colour or a new neutral look with a coat of paint to bring the furniture to life.

Decorate a room with books.  Stack them everywhere for an intellectual, vintage look.

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What are Home Equity Loans Used For?

Posted on January 2, 2021 at 9:20 am

If you are considering looking into a Home Equity Loan, it is good to learn as much as you can about it first and do your research. Home Equity Loans are for borrowing money against the ‘equity’ of your home without requiring that you sell your house. Equity is the difference between the saleable value of your home and the home loan you have against it.

For example, say your property is valued at £150,000 and you have £50,000 remaining to pay on your mortgage, the equity is £100,000. If your home is paid off, then the equity would be £150,000. So, equity is basically what has already been paid for the property.

Home equity loans, are also known as a homeowner loan, it is secured against the value of your home and often used to consolidate debts or buy a car. An alternative is home mortgage refinancing, where you usually increase you mortgage, taking all or some of the extra borrowed cash. Be very cautious when securing additional debt against your home as it could be repossessed if you do not keep up the payments.

Posted in Home Resources, Uncategorized

Key Things to Know About Renter’s Insurance

Posted on August 9, 2020 at 7:20 pm

If you are renting and do not at least have Content Insurance, consider getting it ASAP! As a renter you are not entitled to Home Owners Insurance, so you should ensure you are protected with Renter’s Insurance. This will protect the possessions within your home if they are damaged destroyed or stolen. Some key things to remember are:

• Coverage typically ranges from £5,000-500,000 depending on you needs, but the average amount is around £20,000.

• Renters Insurance also covers liability costs, if someone were to get injured whilst in your home and files a lawsuit or acquire medical bills.

• Content insurance also covers items inside your vehicle.

• It can usually be bundled with other insurance policies.

• It offers protection from landlord negligence.

• Certain valuables may not be covered such as jewelry, artwork, rare books, expensive stereo equipment, shoes etc. So, make sure you look into this, as you may need to add additional coverage for high value items.

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Will the property market resume to normal following the worldwide pandemic?

Posted on July 30, 2020 at 12:23 pm

Now that we are hopefully starting to come out of the other side following the worldwide Covid-19 pandemic, we are starting to look into how things have been affected by the pandemic. Now that lockdown restrictions are lifting, we are seeing the property market is having a small boom since reopening.

Estate agents are now allowed to reopen and start offering house viewings once again. Homebuyers are now allowed to move, buy, and sell properties. The UK government has also temporally cut stamp duty, meaning buyers could save up £15,000 in tax if they move home before April 2021.

The government has made this cut to help the economy rise once again and allow the property market to resume as it was before covid-19. Although this has helped the property market massively, things will still take a while to resume back to how they were. Covid-19 has had a huge impact on the property market and now that things are resuming the property market should get back on track as soon as possible.

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Things to consider when renting a room in your home

Posted on June 30, 2020 at 3:58 pm

Renting out one of your spare rooms can be rewarding in more ways than one. Aside from the extra income sharing your home with someone can bring you new friendships and companionship. There are a few things you will need to consider when deciding if sharing your home is the right thing for you.

1. Although predominately it will be a room let, you will also need to share the main facilities. Your kitchen, bathroom, and living space will also be used by a tenant.

2. Will you have to pay tax? The government offers a ‘rent a room scheme’ which means if any earnings from your rental are under £7500 per year, you will not have to pay extra tax on this rental income. There are extra rules that apply with this scheme such as the room must be furnished and you must be living in the property also, so it’s worth checking the Gov website for these rules.

3. Your lodger has rights – you must be absolutely clear on how much rent is due and when. You will also need to consider bill shares. It is best to put this all down in writing and sign a mutual agreement to save problems arising.

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Things to consider when letting to students

Posted on May 31, 2020 at 8:33 am

Letting your home to students can be an excellent option for landlords as there is a huge demand. If your property is based near a university letting to students is a great option as you can be sure of high demand and longer-term lets.

There are however a few things to consider before letting to students such as wear and tear, letting your home to students could result in more wear and tear than a traditional let. And most students will expect the property to be fully furnished. You will also need to think about the perfect time to let your property. Each area will be different but most students will start looking from January – August.

You will also need to think about the size of your property you will generally require a property that has 3 or more bedrooms and large communal spaces. More than one bathroom would also have more appeal.

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Paint – Magnolia or white?

Posted on April 29, 2020 at 5:34 pm

Magnolia has always been a popular option for landlords and renters, but in recent years white is becoming a much more popular option.

Generally, landlords use a neutral wall colour as it appeals to a much wider audience range. Overtime magnolia seems to have developed a bit of a stigma for being a dull colour. So which tone should you choose?

White – Brilliant white can come across as quite a harsh tone, so we recommend an off-white colour. Off white tends to make a room look cleaner, bigger and gives the room a more modern look. Off-white does require more upkeep and maintenance.

Magnolia – although some people brand magnolia as dull or old fashioned it still is a very practical colour. It is more sympathetic to scuff marks and takes longer to look tired in comparison to off white.

We think that as long as the finish is a high standard, either magnolia or off-white does the job perfectly.

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