Posts with tag: winter

Annual Declines Seen in November’s Lettings Market

Published On: December 17, 2018 at 9:04 am

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Categories: Lettings News

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Annual declines have been seen in the UK lettings market over November, despite a buoyant month in October, according to the latest Property Activity Index from Agency Express.

The report reveals a slowdown in lettings market activity as we draw closer to the festive period.

Nationally, the number of new property listings to let across the UK dropped by 1.6% over the month to November, while the amount of properties let was down by 7.2%.

Looking back at Agency Express’ historical records, annual comparisons show this November’s declines to be greater than those recorded in both 2017 and 2016.

Across the UK, five of the 12 regions included in the index saw growth in the number of properties to let, while four recorded increases in the amount of properties let.

The greatest rise in November’s index was recorded in the North East, where the number of properties let was up by a robust 33.3% on October. However, the region also experienced the largest decrease of the month, with new listings down by 31.3%.

The South East followed suit, with the number of new listings up by 19.1% and properties let down by 16.5%.

Again, looking back at Agency Express’ historical records, we can see that year-on-year data for the North East is positive, but the number of properties let in the South East has dropped.

Of the remaining regions, prominent performers in November included:

Property listings

  • South West: +14.3%
  • East Anglia: +8.7%
  • East Midlands: +7.8%
  • London: +2.0%

Properties let

  • Yorkshire and the Humber: +5.9%
  • North West: +1.7%
  • Scotland: +0.4%

Stephen Watson, the Managing Director of Agency Express, comments: “This month, we have seen a much steeper decline than usual across the UK lettings market. As now we move into the December seasonal slowdown, we don’t anticipate any increases in activity, so will be interesting to see how the end of year figures stand.”

Top Tips for Selling your Property this Winter

Published On: November 12, 2018 at 11:01 am

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Categories: Property News

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If you’re looking to sell your property this winter, whether it’s your family home or buy-to-let, NAEA Propertymark (the National Association of Estate Agents) has some top tips.

The housing market may slow down in the run-up to Christmas, as sellers prioritise the fun and festivities over marketing their properties. However, the colder season brings committed buyers, less competition and an opportunity for homes to be viewed at their cosiest, so vendors should start thinking about getting their property ready now if they want to secure a deal before Christmas.

NAEA Propertymark has put together its top tips for sellers to show off their properties’ best features, whatever the weather:

Mark Hayward, the Chief Executive of the organisation, says: “Although it’s dark outside and the prospect of making your way through the Christmas TV listings sounds more appealing than selling your home, the period before Christmas is a great time to do so. In January, sellers flood the market and supply shoots up, meaning there’s less competition and you may find it more difficult to secure an offer.

“There are lots of things you can do to entice potential buyers looking to make a winter purchase, so we’ve compiled a list of top tips. Don’t forget to go to your estate agent for advice as well, as they should be well equipped to adapt to selling homes in these quieter periods.”

Cosy appeal

Top Tips for Selling your Property this Winter

Top Tips for Selling your Property this Winter

Ensure that your property is warm and well lit, as this can encourage potential buyers to stay longer during viewings and help them see themselves living in the home – especially during the winter.

Set the heating to come on during the day when you have viewings and use throws in the living room. If you have a gas fireplace, light a fire to welcome visitors, and create a warm and cosy atmosphere. But, if your fireplace tends to leave a smoky smell in the room, hold off.

Simple festive décor

If you’re selling a home in the run-up to Christmas, try and take advantage of the holiday season, but don’t go overboard on the festive decorations. A property that feels cluttered with Christmas décor can deter buyers – inflatable snowmen don’t appeal to everyone!

Buyers should be able to envisage themselves living in your property, so it pays to make it as inviting as possible. A tastefully decorated Christmas tree and a cinnamon scented diffuser are probably all you need.

Make the most of your entrance 

First impressions really do count, so make sure that the first thing your guest sees is a tidy exterior. If your front door is looking a bit shabby, buy a new doorknob, a brass letterbox or a stainless-steel house number; these small touches can instantly make a home feel more welcoming. Add a wreath on the door or hang some fairy lights outside – and keep paths clear of snow or ice.

Let in light

Home hunters regularly tell estate agents that they want a light and airy property. As daylight hours are limited during winter months, maximise the light whenever possible. Install higher wattage bulbs and turn on the sidelights, to create a warm glow from the street. If it’s dark, make sure the curtains are drawn, so that buyers don’t feel like they’d be too exposed living in your home.

Make everything sparkle 

Washing the windows will help you maximise the precious daylight hours. Get rid of cobwebs and dust all of your furniture, ceiling fan blades and light fixtures. Bleach any grout, and polish chrome taps and mirrors.

Tackle any winter damage 

Make sure that any problems with the property that are more prominent in the winter, such as damp or a faulty boiler, are fixed prior to putting the home on the market.

Increased rainfall over the winter can take its toll on guttering, so check the gutters and drain covers are properly cleared of dead leaves and other debris, as leaky gutters and down pipes cause issues and are unsightly.

How to Turn Your Home into a Winter Wonderland …

Published On: September 25, 2018 at 10:37 am

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Categories: Property News

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There’s no need to spend a fortune on tickets this year for Winter Wonderland when you can transform your home, giving Santa’s Grotto a run for its money!

For those families who celebrate Christmas, it is an extremely joyous time. The whole family is gathered together to appreciate each other and celebrate the ending of the year, in addition to the beginning of the new year to come!

So, why not add an extra touch of that good old-fashioned Christmas warmth to your home? If you’re struggling to find some inspiration, look no further! Here are some top tips…

Colour Schemes

White & Silver

With this colour scheme, you have a few options. You can either decide to take the slightly modernised theme of strictly white and silver coloured decorations, giving your home the appearance of an icy igloo or a sparkling snow-filled space!

The advantage of using these colours is that they provide your home with the illusion of space and width – especially useful if you’re planning on having quite a few family and friends round for Christmas dinner. Due to their simplicity, they radiate sophistication and, as a result, succeed in not making the room feel too overcrowded.

White, Silver & Blue

Some families prefer to go a little unique with their choice of colours when it comes to decorating their home for Christmas. After all, every family and every home are different!

The benefits of using white and silver have already been established, but, when combining these with blue, your home is instantly given a far more edgy, arctic appearance. However, this look may not appeal to everyone. The disadvantage of using blue with white and silver is that it immediately brings down the temperature and doesn’t project that immaculate, sterling vibe that white and silver achieve so effortlessly.

Red & Green

Moving onto the more traditional colour scheme of the season, this colour scheme is for those who enjoy taking the liberal approach to Christmas decorations and who aren’t afraid to spread the Christmas spirit…

Red is a popular colour, and rightly so! It denotes and symbolises many different concepts to many different people. It is especially popular during the Christmas period due to holly being used to decorate both inside and outside of the home – this is where the warm green tones tie in and why they complement each other so well.

The reason for these colours being so effective in the Christmas period is due to the warmth of their tones. Deep reds and deep greens are extremely festive, which is what Christmas is all about! Think about what you could do with these colours and where you could use them. Perhaps a red and green table cloth? Holly scattered across the table as a decorative piece. The possibilities are endless!

Lastly, if you are intending on really pushing the boat out this year, this colour scheme might be the right option for you!

Gold, Red, Green and White

Gold, Red, Green and White are a perfect grouping of colours that without a shadow of doubt, really bring Christmas to life in your home!

The golden tones, mixed with the red and green are rich, warm and festive. Combining a hint of white with this, whether it be a couple of ornaments or even a nice linen table cloth, really provides the rooms in your home with light, sparkle and elegance, perfect and appropriate for the occasion.

Most popular places on Google to buy Christmas decorations

#1 Next Christmas Shop

#2 John Lewis & Partners

#3 M&S

#4 Argos

Good luck!

Landlords, Start Thinking about Draught-Proofing your Property Now

Published On: August 28, 2018 at 10:00 am

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Categories: Landlord News

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While many of us will still be clutching onto the remnants of summer, landlords should be looking ahead to draught-proofing in the colder months, which can greatly improve the efficiency of your rental properties.

Before the low temperatures of the autumn and winter seasons really set in, landlords should take this opportunity to conduct a periodic inspection of their properties, to highlight any issues that may arise during the cooler months.

During this visit, you should check the insulation of your property and schedule in a time to complete any draught-proofing work that may be required before winter.

MEES

Of course, if there are any major issues, these should have been addressed before the introduction of the Government’s new Minimum Energy Efficiency Standards (MEES) in April. These changes made it illegal for landlords to grant new leases – even to existing tenants – on properties with an Energy Performance Certificate (EPC) rating below an E.

Landlords, Start Thinking about Draught-Proofing your Property Now

Landlords, Start Thinking about Draught-Proofing your Property Now

If you’re yet to look at the overall efficiency of your property in conjunction with the MEES, then boiler expert Help-Link has some advice on getting an EPC and increasing your rating: https://www.help-link.co.uk/advice-centre/minimum-energy-efficiency-standards/

Draught-proofing 

Nevertheless, even if your EPC rating is an E or higher, there are still steps that you can take to ensure that your property is adequately insulted when the cold weather hits. This will help to keep your tenants’ bills down over winter and make your property a cosy home for them to live in, which may even make them more likely to stay for the long-term. It also shows them that you’re a responsible landlord, who cares about their comfort in your property.

Upon visiting the property, if you notice any areas that need draught-proofing, make a note in your inspection report and schedule in a time to put these measures in place before the cooler seasons arrive.

The following, simple steps could make a huge difference:

Exclude draughts – Estimations claim that £30 per year could be saved by draught-proofing windows and doors, so fit draught excluders around all exterior doors and interior doors where necessary. You could also consider installing a brush trim to combat larger gaps and letterboxes. Putty, sealer and sealant strips can be used to block cracks and crevices in window frames.

Invest in soft furnishings and carpet – This may wait until you have a break in tenancies, but investing in easy to install, thermal curtains and blinds will keep in the warm air and reduce draughts. Fitting carpeting with adequate underlay can also help to prevent heat escaping through the floor.

Seal any gaps – Look for gaps between skirting boards, around radiator pipes and between floorboards, before filling them to increase insulation. For this, you can use a silicone sealer.

Insulate the boiler – Ensuring that heat does not escape from the boiler will drastically increase its efficiency; padded jackets can reduce heating loss by up to 75%. Lagging the hot water tank and any visible pipes between the tank and boiler could save around £45 per year.

Help the radiators – You can’t tell your tenants how to live, but you can advise them that removing any surrounding furniture from radiators will allow the hot air to flow around the room. You may also wish to place foil behind the radiators to reflect heat back into the room if your tenants complain about the home being cold in winter.

Although winter may seem like a long way off, arranging a periodic inspection, compiling a report and scheduling in maintenance can be time-consuming. With this in mind, start the process of draught-proofing sooner rather than later, in order to be as prepared as possible for the cold weather.

Protect Your Properties from Burst Pipes this Winter

Published On: January 13, 2017 at 9:41 am

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As the cold weather finally hits and freezing conditions persevere, rental properties are particularly vulnerable to potentially expensive winter damage, such as burst pipes.

Landlords and letting agents are urged to protect their properties from burst pipes in order to avoid costly repairs.

Protect Your Properties from Burst Pipes this Winter

Protect Your Properties from Burst Pipes this Winter

Burst pipes are a common issue over the winter period, especially if a property is left unoccupied for any length of time in freezing conditions. Losses resulting from burst and leaking pipes – including damage to ceilings, walls and carpets – cost an average of £4,500 to repair, so you don’t want to be caught out!

A particular case from the Deposit Protection Service (DPS) shows just how much damage burst pipes can cause to a property and the resulting expenses. In this case, the tenant left the property for three weeks over the Christmas period to visit family, without turning the stopcock off.

During the cold weather, a pipe froze and then burst, flooding the property. The carpet and lino were extensively damaged, and the washing machine was completely destroyed. Excess water had to be drained from the property and it had to be dehumidified.

The Founder and CEO of Imfuna, the provider of digital inventory app Imfuna Let, Jax Kneppers, comments: “If landlords and agents take a few simple precautions, they can help protect their properties from burst pipes. For example, it’s a good move to provide the tenant with specific instructions about heating the property in cold periods. Landlords and agents should ensure the tenancy agreement contains a clause outlining the tenant’s obligations to shut off the heating system if the property is vacated in winter.

“It is important to instruct the tenant to inform the agent or landlord if they are vacating the property for more than 14 days in winter (this is also normally included in the tenancy agreement). A detailed check-in inventory with clear photos, signed by the tenant, will also protect landlords in the event of a deposit dispute over damage.”

So what should you do if you do experience a burst pipe?

Kneppers explains: “If a property experiences water damage, landlords and agents should provide a detailed account of any damage caused by burst pipes and keep invoices for any repairs done if the property is damaged. It is essential to take out landlord insurance as a precaution to help cover damages.”

Landlord insurance provider Just Landlords has a specialist policy for landlords of unoccupied properties. If you require this cover, click here: https://www.justlandlords.co.uk/unoccupiedinsurance

Although burst pipes are an unfortunate circumstance for both landlord and tenant, a detailed record of a property’s condition before and after the pipes burst will make the repair process as quick and pain-free as possible.

Property Sales Buck the Usual Seasonal Trend

Published On: December 28, 2016 at 11:43 am

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Property sales bucked the usual seasonal trend in November, according to the latest figures from HM Revenue & Customs (HMRC).

Property Sales Buck the Usual Seasonal Trend

Property Sales Buck the Usual Seasonal Trend

Transactions typically experience a seasonal decline in November, however, the recent property sales statistics show that there were 104,670 residential deals last month, up by 5.1% on October.

However, this is down by 4.3% on an annual basis, as there were 109,370 property sales in November last year.

Broken down, there were 88,860 property sales in England in November 8,990 in Scotland, 4,710 in Wales and 2,110 in Northern Ireland.

The Executive Director of Your Move and Reeds Rains, Adrian Gill, comments on the figures: “It is not unusual to see a lull in buying and selling [at this time of year], so a slight monthly surge in transactions highlights the ongoing appetite from buyers.

“However, the annual decrease these figures show is likely due to the continuing squeeze on affordability. This is putting pressure on first time buyers, who are finding it increasingly hard to take their first steps onto the property ladder.”

He adds: “The Government’s recent announcement of a £1.4 billion investment into the housing market, as well as the building of 40,000 new affordable homes, is welcome news towards addressing this issue. Hopefully, this funding will start to make a real difference and we will see more buyers secure their dreams of homeownership.”

The Chief Executive of My Home Move, Doug Crawford, was slightly more positive: “The market is well placed to keep growing as we look to 2017.

“Since the referendum, transaction levels have remained stable largely, which shows that the fundamentals in terms of supply and demand mean the market will weather any further macroeconomic uncertainty.

“In the long-term, demand for both rented and owner-occupied accommodation will support price rises and sales volumes.”

He continues: “There will undoubtedly be challenges for the market over the next 12 months, with the triggering of Article 50 and changes to landlords’ tax relief looming on the horizon.

“However, the property market has shown it is more than strong enough to overcome these obstacles.”