Spring has Sprung in the Property market

Spring has Sprung in the Property market


This Spring we are seeing the most motivated buyers in years, with many of them in very strong positions to buy. 

This season always has factors that generate an increase in property activity.....Summer spent in a new garden; school in-takes, and brighter weather (making great property photo opportunities!).  But we are also seeing additional drivers such as increased values and fast move times - Rightmove are recording an average 57 days to turn around a property!

This all points towards making now a great time to consider selling your property.  

Read below, for more Spring and property related information and please do contact us about buying or selling, letting or renting your property; discreet marketing; or any other property matter - click here for ways to get in touch, and we look forward to helping you move soon. 



The best time to sell your home...

  • Over the past five years (excluding 2020), the number of buyer enquiries per property for sale has been highest during March, April and May (Rightmove).
  • Currently around 75% of properties are successfully finding a buyer, compared to a historical average of around 50%.
  • Properties are selling, subject to contract, 20 days quicker than the five-year average.
  • With interest rates anticipated to rise in small increments over the course of 2022, spring could be a good time to move. Source: Dataloft, Rightmove
Don't just read the stats though - you need local knowledge from a professional team that can help you every step of the way - so contact us to find out more information.

Click here to read The best time to sell your home....



The secrets to finding your ideal home this spring

Purchasing a property is an exciting experience and is the single largest purchase most people will ever make. Finding the perfect home can be a difficult task, so before you begin, consider these four things:
 
Select your location
Only begin searching for a new home once you have determined a selection of locations you are interested in living in. It is important to consider council tax charges, proximity to amenities and schools, available property types, and available transport links.
 
Compile a must-have checklist
Create a list of all the features that are a must, followed by all the features that would be nice, but are not essential. When looking for a house, you can then ensure that everything on your 'must-have' list is ticked off and that everything on your 'nice-to-have' list is a bonus. When it comes to comparing homes, you can see which ones check the most boxes to help you make a final decision.
 
Consider your future needs
To prepare for the long term, consider choosing a property that will support your growth. Is there enough space? Is there a garden? Are there any improvements you could make, such as converting undeveloped space? These are the kinds of factors to examine.
 
Look at all costs
Of course, finding a property within your budget is important, but you should also factor in other expenses, including house improvements. If you find a property that you believe would be great with a few tweaks, consider the financial implications of those changes. While some may be minor, such as wallpaper or paint colour, others, such as replacing the flooring or reconfiguring the kitchen layout, could be rather costly.
 
For more assistance in locating your ideal house, you can get in touch with us here. We look forward to helping you find your dream home.
 



EXCLUSIVE FROM iDADA: Spring cleaning


Introduction
 

The concept of spring cleaning (in the United Kingdom) evolved during the 1800s out of the necessity to keep the house warm in winter. March and April became recognised as the ‘perfect’ months in which to thoroughly clean the house by washing walls and paintwork, beating carpets and textiles, polishing furniture, and scrubbing floors. This was because the weather was warm enough to open doors and windows but not yet warm enough to encourage insects such as flies in from the outside. 

Nowadays of course, deep cleaning your home also provides an opportunity to change the weight of curtains - to perhaps cotton or linen - and to simplify window treatments that seemed cosy in the winter but now feel rather heavy. 

  

Spring cleaning 

When planning a thorough clean of your home, whatever the scale, it is extremely helpful to walk through the space armed with a notebook and camera (phone) and survey the room, not in terms of measurement, but noting and recording with a view to cleaning and repairing. This is not the time to think ‘Oh it’ll do’, ‘It’s fine’ or, even worse, ‘No-one will notice’. This isn’t about other people’s reactions. 

  

Preparation checklist  

Do you have all your materials such as:  

» Mops  

» Microfibre cloths  

» Sponges  

» Household rubber gloves  

» Bags and bin liners  

» Bleach (use very sparingly)  

» Toilet/floor cleaner 

» Specialist cleaning products such as oven cleaner. 

 

Once you have all the tools, it’s time to prepare for your spring clean. 

  

Clear the decks 

This is an extremely important stage of the spring cleaning process and emotionally may be the most difficult. Beginning with the bedroom, go through every single drawer and cupboard in the entire house placing each item into one of four boxes: things to keep; things to wash and keep; things to donate to the charity shop and things to throw away either in the recycling bin or the local tip.  

 

Clear shelves, empty drawers and cupboards and fill the bins; clean each item before placing into the bin (wrapped in tissue if required) as you work through each room. 

 

As you move through each room, consider the following: 

» Open the windows  

» Wash the curtains or have them professionally cleaned

» Dust and clean any other furniture

» Dust art and decorative objects

» Wash windows and windowsills

» Wash walls if required

» Vacuum, sweep and wash floors

 

Is your property clean and ready for a viewing? Contact us today. 



Could your rental property deliver a higher yield in 2022?

According to recent data, the combination of high tenant demand and low numbers of available properties has caused average UK rents to rise at the fastest rate ever recorded. *
 
Rental demand has been reported as 32% higher, while the number of available rental properties is 51% lower than this time last year.
 
Flats have seen the highest increase in competition compared to last year (+132%), followed by terraced houses (+40%) and semi-detached homes (+30%).
 
Data collected from a popular property portal suggests that the average rental yield across the UK is now 5.5%, which is the highest since 2016. Industry experts are hopeful that rents will increase further this year, with a well-known portal director explaining, "Tenant demand continues to be high entering the new year, meaning the imbalance between supply and demand is set to continue until there is more property choice for tenants, which has led to our prediction of a further 5% increase in average asking rents in 2022."
 
To find out if you could increase the rental income from your property, get in touch today to book a free lettings valuation.
 
*Rightmove