There’s no doubt that the property market is cooling after the unsustainable pandemic levels. While the interest rate and inflation have served to moderate buyers’ plans, property values are naturally returning to more sensible levels. Equilibrium is being provided by falling mortgage rates.
Move or improve? It’s a conundrum many homeowners face when the property market changes. For those thinking of staying put with an idea to extend, convert or perhaps replace their kitchen, it’s worth pricing up any improvements before you commit.
In August 2023, the National Trading Standards Estate & Letting Agency (NTSELA) team updated its guidance to consumers and property professionals regarding how a property’s status is described during the marketing process.
After questioning more than 2,300 UK-based homeowners, residents and tradespeople, the Rated People Home Improvement Trends Report 2023 found this year’s most popular home improvement job will be painting and decorating. And why not? It is relatively quick and easy to change the aesthetic inside our homes with a tin of Dulux and some new accessories.
Subletting is a recurring subject in the world of rental property. For those who are not familiar with the term,subletting is when the original tenant named on the legal agreement moves out and rents the entire property to someone else. Alternatively, the original tenant stays in the property and rents out a room or multiple rooms. Unless the landlord has agreed to subletting, the act will be a breach of the tenancy agreement and constitutes grounds for eviction.
July is a month when people are away on annual leave or are juggling school holidays, and home moving activity usually reflects this. In the last four weeks, however, Rightmove found buyer demand remains strong. In fact, it’s currently 3% higher than the same time in 2019.
The Renter Reform Bill is a crucial piece of legislation aimed at addressing the challenges faced by both renters and landlords, with the primary objective of promoting safer, fairer, and higher quality homes in the private rental sector. Although the bill has not been passed yet, its significance has been highlighted as a once-in-a-lifetime change by the government. Let’s explore the reasons behind the bill’s existence and the changes we can expect once it becomes law.
Getting ready to sell your home usually involves clearing out, tidying away and sorting out. Surprisingly, the ancient art of feng shui closely mirrors the above and its principles can help you prepare your property for sale. We explore exactly what feng shui is and single out the best bits of advice for home sellers.
Traditionally, home improvements would encompass new bathrooms, new kitchens and replacing pebble dash exteriors for smooth render but the green agenda has seen our property ‘to do’ list undergo a makeover of its own.
While it was the hottest June since records began, the property market started its summer cool down early. Rightmove cited the new 5% interest rate as a reason for earlier-than-usual changes. Its June headline revealed the first monthly drop in asking prices in 2023.
Tenants have a duty of care to look after gardens, roof terraces, courtyards and balconies. This covers what grows outside, what is added – or taken away – and what happens in the outside space. Failure to look after the great outdoors could result in deductions from the deposit, so it’s vital to know what is expected of tenants.
Problems with Japanese knotweed are well documented, with this invasive species sometimes preventing buyers from getting a mortgage on an affected property. While home movers are busy keeping an eye out for Japanese knotweed, they may be overlooking a different horticultural threat.
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