Category: property market news

PROPERTY VIEWING TURN-OFFS

Cracks, marks and stains leave the biggest negative impression on prospective buyers during a viewing, with a 76% turn-off rate. This is according to Sell House Fast who surveyed 1,266 people who have been to several viewings over the last year.

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A basic guide to decorating

Flick through the pages of any magazine these days or scroll through the popular Pinterest app and you’re likely to see endless images of chic properties with timeless décor. For those of us that are blessed to be able to colour-match and accessorise effortlessly, this is an entirely attainable vision; however, for the rest of us who are a little more challenged in the decorating department, it can be tough to know where to start. Read through our basic guide to decorating and we will provide you with some guidelines which are sure to help you turn your home in to a real page-turner.

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STUDENT DIGS

As the new term begins, vast numbers of students up and down the country will be starting to move into their new homes.

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BACK TO SCHOOL!

£3,485 is the estimated average cost of school uniforms for a child over the course or their school life (Reception to Year 11).

The cost is equivalent to 4.31 months’ of a mortgage repayment or 3.31 months’ of average rent, although there are substantial regional variations.

Across the North East and Yorkshire and the Humber, the total cost of kitting out a child is more than eight times an average monthly mortgage repayment, while across London the cost of two months’ rent is on par with school uniform costs.

Across the country, 8.4 million children are predicted to return to primary or secondary school this week, a total uniform bill in the region of £2.4 billion.

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how much does disrepair put off homebuyers?

When viewing a property, we’re all on the lookout for anything and everything that needs fixing or could use a bit of work.

While we’d all love to find a home that requires no work at all, chances are whenever you buy a property, it will come with its fair share of needed repairs.

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my top tips for designing a home office

With businesses offering a greater level of autonomy and flexibility to their workers than ever before, as well as millions who are registered as self-employed, many of us will have office spaces in our homes. These spaces are vital to our productivity, and we have therefore put some of our favourite design ideas together in order to make your home office a hotbed of efficiency. 

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NEW HOMES BY PROPERTY TYPE

Back in 2008/09, almost half (45%) of homes built in the year across England and Wales were flats, with the majority of these having two bedrooms. The shift in government policy a number of years earlier had resulted in higher density housing on brownfield and urban sites. Many developers were building with investors in mind, as investors flocked to buy city centre flats.

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LIST YOUR RENTAL PROPERTY

The rental market is about to enter its busiest time of the year. Analysis from Dataloft Rental Market Analytics reveals that, over the last three years, on average 22% of each year’s tenancies have begun during August and September.

We estimate that this equates to just under 200,000 new tenancies which are set to begin over the coming weeks.

The flurry of activity at this time of year is a combination of students seeking accommodation before term starts, new graduates beginning new jobs and families looking to settle into new homes before the next academic year.

At the same time, there is also a surge in existing tenancies coming up for renewal around this time of year which further boosts competition for rental properties, should occupiers seek to move.

Give me a call to discuss your rental properties or any buy-to-let investments on 0161 432 1115.

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Could this be your next Family Home?

I recently visited this substantially extended semi detached family home and wanted to share with you the video tour myself and my colleague created. This property boasts a corner plot with gardens to the front and rear and internally, houses THREE double bedrooms!

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What is ‘gazumping’ and how do I avoid it?

If you’re looking for a new home, or are looking for your first home, then “gazumping” may be a term that you aren’t particularly familiar with. Essentially, gazumping is when you have had an offer accepted by a seller, and are in the midst of the buying process, when another buyer comes along and offers a higher price, effectively stealing (or gazumping) the sale.
Over the period between January 2016 and October 2018, analysis by TwentyCi found that 16% of buyers were gazumped. In the current property market, where demand for properties is high, gazumping continues to be prevalent, and the research found that Sheffield is the area with the highest level – with 35% of buyers out-bid at the last moment.

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