Welcome to your March Newsletter!

Is your New Year'sResolution torenovate your home?

Another New Year, a new beginning. If you've been thinking about renovating your home for a while, you can finally make your house dreams come true now that the festivities are behind you.

Outdoor living

Spring will soon arrive, and your garden and emphasis on outdoor living can finally begin to take shape. You want the best outdoor living space you can create; you've read all the magazines, watched all the programmes, and your mind is teeming with visions. Try adding an eating area, an outdoor working space, a pond, an orchard, and some sleepers, and see what else happens along the way!

Working from home space

If you would rather develop an indoor workspace, now is your time to get cracking. With more people working from home, inspiration for this trend can be found anywhere. Often, it’s about making it yours with individual touches while creating a comfortable place to work.

Going green

Perhaps you would like to increase the energy-efficiency of your home. Installing solar panels is a great way to do your part for the environment while saving some money. In some cases, you may even be able to sell the electricity you produce to your local energy supplier. This could mean your solar panels will pay for themselves, but typically the only cost after installation is for annual servicing. If you work from home, you might consider installing insulation to reduce your ever-increasing heating bills.

Creating extra living space

You could create another bedroom, a dwelling space for an elderly relative, or a new family. Alternatively, removing walls to modernise or create extra space is still challenging and will remain so in 2023, given the cost of raw materials and the shortage of good tradespeople available to carry out this work. So careful planning is essential, or it might not happen until next year!

Bathrooms

January is a great time to get an awesome deal on a new bathroom, despite the waiting lists to get it fitted with large, branded suppliers or individual bathroom fitters. There is nothing to stop you from buying and booking now, and with some luck, the design of your choice could become a reality in time for summer, or even spring!

A new kitchen

Buying a new kitchen in January leads to huge discounts and when completed, adds real value to the value of your home. As the central hub for any home, bright spaces and light colours are on-trend, as are natural material surfaces matched with metallics. Seamlessness and fluidity between rooms with open-plan living or blending outdoor areas with the heart of any home are still on the to-do list of many this year.

An exciting year

Whatever you decide to do in 2023, whether you are renovating then selling or buying a newly renovated property, there is no doubt that there are some interesting and exciting ideas waiting to be implemented and already in place in many homes.

Searching for your perfect new home? Browse our properties today.

Budget-friendly ways to spruce up your rental property

You have decided to rent your house out – or perhaps you have been a landlord for a while and simply need a few tips to help you keep your tenants happy and protect your investment. Whatever your situation, you know that substantial changes are costly and time consuming, and more time spent on preparing your property means less rent revenue for you!

There is no need to break the bank when it comes to attracting tenants to your property. As with so much in life, it’s all about the detail.

Here are some budget-friendly tips which will help you freshen up your rental property.

Paint The Tiles

Did you know that tiles can be painted? There is no need to tile the bathroom and spend thousands simply transform the bathroom by adding a nice coat of colour to the tiles.

Bathroom Fixtures and Accessories

A new toilet seat, a mirrored cabinet, a toilet roll holder that matches a soap dish, a heated chrome towel rail to replace an old radiator can be bought from around &40. Is the pull cord a little less vibrant than it used to be? Replace it for less than &3.

Lighting And Light Fittings

Good lighting affects the shades, shape and mood of all that lives in your home, not only your new tenants but all the inanimate objects too. A new light fitting is another cheap fix and is not a huge task to replace.

Handles And Doorknobs

Perhaps the cheapest of all the quick fixes are doorknobs and handles, consider all doors, kitchen cupboards, and bedside cabinets, not just the internal doors!

Taps And Sink Plugs

New taps can freshen up the kitchen and bathroom, and a new sink plug costing a few pence shows prospective tenants that no detail goes unforgotten.

USB Sockets

These just make life easier for your tenants when it comes to living a more stress-free life without the need for lots of unsightly charging plugs. It also tells potential tenants that the home is up-to-date and modern.

Are You Letting Your House Furnished, Part Furnished Or Unfurnished?

If you let your home furnished with lots of fixtures and fittings, beware that unless stated in a contract you may be called on to repair these items if they break due to ware and tare, so try to keep things minimal.

Curtains And Blinds

New blinds can be fitted easily and if replacing curtains will create an illusion of wider space and improve the light of every room in the house. This is also a great way to freshen up the room with a pop of colour or an interesting pattern!

Flooring

New carpets can be fitted quickly and easily, and there are some great deals to be had so it’s worth getting a quote if nothing else. A transformative improvement might not be as expensive as you think! There is a bit more to fitting laminate, but it will add a new lease of life to your rental, making your house more desirable, with new underlay needing to be fitted for either choice – your tenants will live better insulated against cold winter nights.

Looking to Let your property? Contact us today for more information

Your Property Investment Checklist

There is much to think about when investing in property. Whether you are a seasoned investor or letting for the first time, this checklist may throw up a few things you might not have thought of...

The Right House at the Right Price

It all starts with the right house, flat or property. You will not get a good ROI (Return On Investment) if you have paid over the odds for your property. Worse still, borrowing excessively so your letting yield does not cover the cost of the mortgage. Using this scenario as the worst-case example the principle is true at any level. Pay the right price for a good property.

The Area

A good house is made even better if it’s in the right area. That is not only is it a nice area but is there a good balanced mix of both let properties and private residential homes? This gives you options when it comes to selling and letting.

How Will You Let Your Property

There are many agents who will provide different levels of service for a relatively small fee. Everything from collecting rent to finding and vetting your potential tenants. Some will even pay you a rental income before they have placed tenants. Maintenance and guidance on legal obligations can also be taken care of or you can opt for a halfway house where the letting agent will take care of some of these things, while you take care of the rest.

Tenants

If you choose to find your own tenants then you will need to set up a bank account, arrange references, set aside some time to meet tenants, so it’s worth paying a good letting agent who will take care of this for you.

Rental Income

It is important to get the figures right. You want to let your house and hopefully make a profit on any potential borrowings you may owe on the house or any maintenance and repairs and what you charge your tenants. The best way to do this is to create a spreadsheet and break down all costs on a monthly basis.

Potential Expenses

While you are on your spreadsheet, think of expenses such as maintenance; boiler services, electric appliance testing and budget for the unexpected like repairs or potential appliance replacement if applicable.

Remember Legal Obligations and Contracts

Check out any legal obligations and make sure your property is up to scratch to avoid any unexpected expenditure, for example is your fuse box obsolete? Also, you will need a contract to protect your tenants and yourself legally.

Development Potential

Perhaps you have no intention of letting your house, you are simply going to restore it, or modernise it, then sell it. Perhaps you will improve your property, then let for a time then sell it. Whichever you choose, consider market conditions and if you can stick to your budget. Try and find a property with plenty of development potential so you can add value to your investment.

Are you searching for a great investment? Browse our properties and become an investor today

Achieve a quicker sale by avoiding decorating mistakes

Less is more when it comes to decorating your house for a quick sale. Everybody has their own unique style and taste, so the best solution is to keep things neutral and simple. This means that your potential buyers feel that without too much effort, your house can become the home they want to live in. More importantly, this creates the perception of a well-cared-for home that will not need too much work. A great starting point is a good deep clean to make your home as desirable as possible.

Here are a few simple dos and don'ts to help you save money and move quickly. You can do these in any order you like, and the results could increase your home's value and make it quicker to sell.

Remove the clutter and don’t spend more on furniture or appliances

It may sound obvious, but before you give your home a good clean, clear out the clutter. Keep the worktops in the kitchen clear of pots and pans, clear the hallways of shoes and coats, and try to strip back some of your personal items like photographs and holiday trinkets. Clearing away some of the clutter will make your home appear bigger and more visually appealing, and buyers will be able to envision living there.

Deep-clean each room

Now that you have a bigger space to work with, it’s time to clean. The items you have cleared away have probably been hiding a few walls or surfaces requiring your attention; so clean the bathroom, the floors, walls, worktops, and the oven.

First impressions last

Your buyer’s decision-making process starts as soon as they see your home. Think about how the house looks as you approach it. Is the door clean? Does the front garden have any weeds? Has the grass been cut? Do you have a patio in the back garden? Does it need a brush? If it’s crying out to be replaced then use stones, which costs hundreds, rather than paying thousands for new paving.

Forget the new extension or knocking down walls – add a fresh lick of paint!

A fresh coat of paint can make such a difference in freshening up your home, but here’s what not to do: Don't just pick your favourite colour. Instead, stick to neutral colours that are bright, modern, and on-trend. Prioritise which walls, ceilings, or skirting boards need the most attention, and if they don’t need it, don’t waste your money.

Make your house a home with some simple homely touches

Adding some simple finishing touches, such as plants and some logs next to the fire, costs little and will have a greater impact than buying a new couch. You’re selling your home, not your furniture. A new lamp shade to replace the old one when it’s begging for replacement is worth it; in the right tone, it will put buyers in the mood for buying!

Get it on the market

If time is of the essence, all these things can be achieved quickly and easily, and most of them can be carried out without hiring tradespeople, saving costs and increasing your budget for your new home.

Looking for a speedy sale? Arrange a valuation with us today.

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7 good reasons to be positive about the 2023 property market

Positivity is like a fresh spring breeze; it just makes you feel good and clears your head! With so much negativity bandied about in the media, with sensationalist headlines, it’s easy to become worn down by all the doom and gloom. Your head becomes clogged with confusion, which is almost as uncomfortable as a winter cold. On the other hand, you are an optimist and want to move forward based on informed choices and good reasoning.

The housing market is built on good foundations

A significantly large part of property sales are cash buyers and buyers borrowing less than 50% of the value of their property.* This is hard to hear for those of us who have to borrow much more to progress on the property ladder. However, the good side to this is that it helps stabilise the property market and the wider economy. Unlike so many other sectors of public and private borrowing, the house of cards scenario is not as precarious!

A stable and secure borrowing and property market

It’s now widely accepted that while interest rates are higher than they have been over the years, they are set at more realistic levels. It’s comparable to responsible lending; prior to this, borrowers could almost borrow as much as they wanted, leading to big repayment problems during the banking crisis.

Since the introduction of responsible lending, the future is less susceptible to the perils of overborrowing. Interest rates may be higher, but the result is a more stable borrowing market and a more stable housing market. Interest rates are stabilizing, and even if there are more adjustments to the base rate, a small increase will not affect your mortgage interest rates.

House prices remain resilient without soaring, with good long-term growth

House prices are no longer soaring towards the sky or dropping through the floorboards. Instead, due to low supply and high demand and good levels of employment, prices are realistically stable. When it comes to making an offer, there is also some room for price manoeuvring, while long-term growth prospects remain favourable.

First-time buyers

With 5% mortgages available to first-time buyers thanks to the government’s Mortgage Guarantee Scheme, extended until December 2023, there is a lot for first-time buyers to feel good about.

Demand for green homes is increasing

Homes are becoming greener and leaner, and as such, they are becoming more desirable. Houses that are more self-sufficient in terms of energy fetch higher prices than homes that are more expensive to run.

Homes are becoming more energy efficient

The government’s ECO+ scheme, due to start in April 2023, will run for three years and, with a pot of £1 billion, will give big energy suppliers the means to offer customers grants to make their homes more energy efficient by improving insulation.

The standard of homes has increased massively

It’s no secret that during the pandemic many homeowners spent a lot of time and money making home improvements. Today, as you get on the move, you can enjoy the fruits of all those labours and find a property that is in great condition; modernised, energy efficient, stylish, and ready to be lived in. All you have to do is enjoy it.

Make some positive steps towards buying the home you truly desire. Contact us for more information.

Zoopla*

Do you buy a home with your heart or your head?

Logic and emotion are often at loggerheads when it comes to house buying! Entering a house that gives you that special feeling is one of life’s greatest pleasures. You loved the appearance of the house online, and you were not disappointed when you saw it in the cold light of day. You take a step inside, and the magic begins. It all just feels right.

You can see yourself living there, and you have a warm feeling inside your chest as you go from room to room; already, you imagine waking up feeling content in the bedroom because you love the view from the window and the feeling of space. The kitchen is perfect for the entire family, and in your mind, they are already sitting around the table. The fire is so inviting; the garden needs work, but you already have a vision of how to make it splendidly your own.

Despite all of this, you return to your current house, your mind still creating scenarios and teeming with happy images of a better life in a nicer home, and you stop in your tracks. You have run the numbers, and even though logically you can afford to move, the internal battle between your head and your heart begins.

Don’t ignore your head

It’s important that the numbers crunch correctly. You have to be able to afford your new home! But do not become obsessed by what-ifs and market trends. Many people have made the mistake of losing the house they love while waiting to see what happens to house prices, just in case they drop or rise. It really makes very little difference. House prices fluctuate by small amounts in the short term and grow significantly in the long term. The sooner you start paying your mortgage on the property you want, the better. Logically, this will save you more money in the long run.

Listen to your heart

Ultimately, for true home happiness, you have to listen to your heart. Given that you can afford the home you really want, it’s important to open up and tune into your emotions. Learn to trust them; they are there for a reason. Few other events in your life will create such feelings of desire, contentment, safety, passion, happiness, fulfilment, and security. If you are a little scared, that’s perfectly healthy, but do not let it dominate your decision or cloud your logic.

A happy beginning!

There is nothing wrong with allowing your heart to rule your head when it comes to home moving. Just keep the logical stuff simple, and then allow your heart to do the rest. Then, finally, after you have taken the plunge, having not purely based your decision on a mere impulse, you can start making priceless happy memories.

Finding emotional fulfilment in your home is a logical step!

Logically, emotional fulfilment is important financially. The rest of your life will function so much better if you are living in a home that makes you and your family happy. The health benefits that positive emotions bring, not to mention reduced stress levels and quality downtime, will benefit you throughout your entire life.

Finding the right home is really important to us because we know what it means to you. Get in touch to see how we can help in your home search.

Can’t wait to get on the property ladder?

Getting on the property ladder is all about getting started, and there are so many ways to do just that. With so much to spend your money on, whether it’s traveling, socializing, or all of the above. Finding the means of saving a deposit is no mean feat. A growing proportion of first-time buyers are now choosing to buy with friends. The process is a little more complicated, so it’s important to go about things the right way.

You can buy with up to four people

Up to four people can put their names on the deed, so even if you're a far cry from getting together a large enough deposit to buy a home completely independently, you could be closer to owning your first home than you think.

Tenants in common

This is the most popular form of agreement and allows each person you buy a property with to own different shares in the property, and you can pass on your share of the property in your will. This differs from "joint tenants," which means you have equal rights to the entire property and can’t pass on your share in a will.

The less, the merrier!

Perhaps you believe that the more, the merrier! It certainly will reduce the cost of your mortgage payments. However, it’s worth noting that if one of your house co-owners can’t pay their share of the mortgage, then the rest of you are liable. Needless to say, the fewer people involved, the simpler the arrangements.

Borrowing

Most high-street lenders will gladly lend to two buyers; however, the options for mortgages with four buyers are more limited.

Have an exit plan

It’s important to set out in a contract a good get-out clause covering the circumstances in which the property can be sold. Include how the profits from such a sale would be divided if certain individuals invested in its development, as well as anything else you feel is relevant. Then, when the time comes to sell up and buy your own house independently, the process is as seamless as possible.

Finding the right home

It’s important to find the right home that everybody is going to be happy with. Location is key to keeping the peace. The minor details of bedroom allocation are critical when purchasing a home in which you and your co-owners will be happy and thrive.

The doorway to owning your own home

Buying a home with your friends is a great way of rapidly speeding up your next steps on the property ladder. Taking house prices out of the equation, as you pay your mortgage and build up equity, you are effectively saving a deposit for your own home.

Find a great home for you and your friends and get on the property ladder now! Browse our properties.

A month of March memories for your home

March has a lot to offer when it comes to making happy family memories for you to cherish, especially in your home. All too often, when we view a potential home, we think of everything from price, location, how much we like the property, the size and aspect of the rooms, and its features. We become obsessed with décor, design, and monetary value. With so much going on in March, now is a good time to look at your home in a different light.

How does your home feel during some of the days that make March such an inspiring time of year?

Spring

Spring is a welcome release from the dark, cold days of winter and shows all of us proof that the darkness and cold really do not last forever and that things really can change! Change is something that we both love and despise as humans. Unless we are certain that it’s for the better. Is spring memorable in your home, or do you feel disconnected from the new forces of nature that show up in the form of flowers and wildlife? It’s important to feel connected to nature in your home. You only need to look at the effect that glass door walls have on blending the indoor and outdoor worlds, connecting you to nature with a single glance. Then, when you open the doors, an orchestra of nature and the scents of the garden waft into your home. It’s mood-altering and makes for a truly beautiful living experience.

Mother’s Day

Whether you are a mother, son, daughter, or partner helping to arrange the little details, from breakfast in bed to flowers. How well does your home befit the occasion? A dining room that feels special and unique marks not just this occasion but many memorable meals. Does each room work in conjunction with each other? Does the special ambience you create in the dining room flow to the sitting room?

Longer evenings and changing clocks

Your time is precious. Wouldn’t it be nice if you could just press pause every now and again to stretch out your evenings? Creating spaces in your home that allow you to relax quickly and appreciate the moment may not stop time itself. They will, however, slow time down as you become absorbed and tuned into the moment. Create a relaxing outdoor space where you can light candles with a view of the sky at sunset, add music, and then breathe. You can create such spaces in a variety of settings (such as your living room or bedroom) in your own unique way. Then you will become more connected to your surroundings and your home.

International Day of Happiness

Taking place in March, this is another great excuse to celebrate laughter and joy. But who needs an excuse? Take the time to create a home that makes you feel at one with, and it will take care of you, so happy moments become happy days and months for a better way of life.

Make a fresh start on your property search. This March, look for a home that will bring you a thousand happy memories. Browse our properties.

Parkcroft Road, West Bridgford, Nottingham

Royston and Lund are pleased to bring to the market this heavily extended...

Guide Price £950,000

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Saddlers Gate, Radcliffe On Trent

Royston and Lund are pleased to bring to the market this four bedroom detached...

Guide Price £695,000

Click here to read Saddlers Gate, Radcliffe On Trent.