As the summer days start to fade and we welcome the crisp air of autumn, September can be an ideal time to make changes—whether it’s adjusting your lifestyle or considering a move. For those who have been toying with the idea of selling their property, September might just be the perfect time to take the plunge. Here are seven reasons why selling in September makes a lot of sense.
1. Back-to-School Means Buyers Are More Serious
With the summer holidays coming to an end and kids heading back to school, many families shift their focus from travel and relaxation to planning for the future. This often includes house-hunting. Buyers in September tend to be more focused and motivated, keen to settle into their new homes before the Christmas rush or the year’s end.
2. Perfect Weather for Viewings
September offers the best of both worlds when it comes to weather. The scorching heat of summer is over, and the chilly days of winter are still a way off. Mild, pleasant weather makes for comfortable viewings, where potential buyers can take their time exploring the property and the garden. Your home is more likely to show at its best with natural light still abundant, without the oppressive heat or unpredictable storms.
3. Autumn Colours Highlight the Garden
The early autumn bloom is in full swing during September, and a well-maintained garden can look absolutely stunning. If you’ve got a lovely outdoor space, this time of year can enhance it with warm colours, making it even more appealing to potential buyers. A beautiful garden can create a lasting first impression, which can be crucial in securing a sale.
4. End-of-Year Move
Many buyers aim to be settled into their new homes by Christmas. September offers a sweet spot in the property market where buyers can purchase a home and still have plenty of time for the moving process. This sense of urgency works in your favour as a seller because potential buyers are more likely to act quickly and efficiently to close the deal.
5. Less Competition in the Market
The summer market can be flooded with sellers looking to capitalise on the warm months, but come September, many people have paused their plans. This decrease in competition gives you an opportunity to stand out. Buyers who might have been overwhelmed by choices in the summer will now have fewer properties to choose from, increasing the chances that your home will catch their eye.
6. Ideal Time for Downsizing
For many, September signifies the start of a new chapter. Kids have gone off to university, or perhaps you’re simply looking for a change of pace. If you’ve been thinking about downsizing, this could be the perfect time. Selling in September allows you to move before winter, giving you time to settle into a more manageable space before the busy holiday season hits.
7. Buyers Have Their Finances in Order
By September, many buyers have had the time to sort out their finances and are ready to make a move. Some might have received summer bonuses or reached savings goals, making them more financially prepared to make an offer. When buyers are well-prepared, it can lead to quicker negotiations and smoother sales.
Wrapping Up
In conclusion, moving can be a complicated process, but with the right preparation and September offers a sweet spot in the property market that blends serious buyers, fewer competitors, and appealing conditions for viewings. Whether you’re downsizing, upsizing, or simply looking for a change, selling in September gives you a good chance of completing your sale by the end of the year. So, if you’ve been considering selling, now might just be the perfect time!
To start your stress free move reach out to us today at 01706 356633 or enquiries@reside.agency, and we’ll arrange a free valuation. Your first step in getting your house sold!
Moving home can be a stressful experience. To help smooth the process and make it as stress free as possible, it’s always good to have a comprehensive checklist.
Here is our ultimate moving checklist:
8-12 Weeks Before Moving:
Create a Moving Folder: Store all documents, receipts, and quotes.
Set a Budget: Estimate costs for supplies, movers, insurance, and contingencies.
Research Movers: Get quotes and book early.
Declutter: Decide what to keep, donate, sell, or bin.
Notify Parties: Inform utilities, and subscriptions. Update your address.
Start Packing: Begin with non-essential items like seasonal clothing and decor.
4-6 Weeks Before Moving:
Gather Supplies: Stock up on boxes, tape, bubble wrap, and markers.
Pack by Room: Label boxes with contents and their destination room.
Arrange Time Off: Book a few days off around your move.
Confirm Plans: Reconfirm with the moving company and check for necessary permits.
Plan for Pets/Kids: Arrange care for children or pets on moving day.
2-3 Weeks Before Moving:
Pack Valuables Separately: Keep important items in a safe place.
Set Up Utilities: Schedule disconnections and new connections.
Finalise Moving Plans: Confirm details with the movers and prepare a task list.
Clean and Repair: Deep clean and carry out any necessary repairs.
1 Week Before Moving:
Pack an Essentials Box: Include toiletries, a change of clothes, documents, and basic kitchen items.
Defrost Appliances: Defrost and clean the fridge/freezer 24 hours before moving.
Check Details: Confirm arrival times, parking, and final costs.
Disassemble Furniture: Take apart large items for easier transport.
During the Move:
Take Inventory: Track all items as they’re loaded onto the lorry.
Supervise Movers: Be available to direct movers.
Final Walkthrough: Ensure nothing is left behind.
Secure Old Home: Lock doors and windows, and leave keys.
Guide Movers: Be present at the new home to direct furniture placement.
After the Move:
Unpack Essentials: Start with the essentials box, prioritising the kitchen and bedrooms.
Inspect Belongings: Check for damage or missing items; report issues promptly.
Clean New Home: Do a thorough clean before unpacking.
Set Up Utilities: Ensure all utilities are functional.
Change Locks: Consider changing locks for security.
Update Address: Notify banks, insurers, and other important contacts.
Meet Neighbours: Introduce yourself to neighbours and explore the community.
Register for Services: Register with local healthcare, schools, and other necessary services.
Enjoy Your New Home: Take time to settle in and enjoy your new space.
In conclusion, moving can be a complicated process, but with the right preparation and organisation, it can be made much easier and as stress-free as possible. By following our ultimate moving checklist, you can ensure everything is done promptly and efficiently, helping the move to go as smoothly as possible.
To start your stress free move reach out to us today at 01706 356633 or enquiries@reside.agency, and we’ll arrange a free valuation. Your first step in getting your house sold!
No one wants to think about winter when we still have the last of the warm weather of summer. For many reasons however, some of you may not be thinking of selling until after Autumn. Follow this guide to get the best out of your winter garden and therefore the best price for your home.
While gardens naturally shine during the summer, selling your home in the winter doesn’t mean your garden has to lose its charm. There are plenty of ways to make your garden sing even in the colder months. Here’s how:
1. Embrace Winter Beauty
Seasonal Plants: Introduce winter-flowering plants like hellebores, camellias, and snowdrops. Evergreens, such as boxwood and holly, can provide structure and a splash of colour when most other plants are dormant.
Potted Arrangements: Fill pots with winter-friendly plants and place them strategically around the garden. This can add vibrant focal points even in the depths of winter.
2. Create Warmth and Atmosphere
Outdoor Lighting: Good lighting can transform your garden, making it inviting even after the sun sets early. Consider installing fairy lights, lanterns, or solar-powered path lights to highlight key features and create a cozy ambiance.
Fire Pits and Heaters: Set up a fire pit or patio heater to demonstrate the garden’s potential as an outdoor living space year-round. Arrange a seating area with blankets to enhance the welcoming feel.
3. Tidy and Maintain
Cleanliness is Key: Sweep up fallen leaves, clean pathways, and give any outdoor furniture a good wash. A tidy garden looks larger and more attractive, even in winter.
Repairs and Refreshing: Fix any broken fences, gates, or garden ornaments. Consider giving fences or sheds a fresh coat of paint to brighten up the space.
4. Highlight Potential Uses
Year-Round Usability: Showcase areas that can be enjoyed throughout the year. Set up an outdoor dining area with weatherproof furniture, or stage a corner of the garden as a cozy nook for reading or relaxing.
Covered Spaces: If you have a pergola or covered patio, dress it up with outdoor rugs, cushions, and a small table to show its potential as a sheltered retreat.
5. Maximize Kerb Appeal
Front Garden Focus: Make sure the front of the property is just as appealing as the back. Tidy up the driveway, trim hedges, and place a welcoming planter by the front door. A well-presented entrance can make a strong first impression, even on a dreary winter day.
By implementing these simple tips, your garden can be just as enticing to buyers in winter as it would be in summer, helping to make a lasting impression and potentially boosting your property’s value.
Reach out to us today at 01706 356633 or enquiries@reside.agency, and we’ll arrange a free valuation. Your first step in getting your house sold!
Introduction Have you found yourself renting out a property due to unforeseen circumstances rather than a planned investment? You’re not alone. This guide covers 7 essential considerations to help you become a successful ‘accidental’ landlord.
Understanding Accidental Landlords An ‘accidental landlord’ is someone who rents out a property due to circumstances rather than a deliberate investment decision. Common scenarios include:
Moving in with a partner Inheriting a property Temporarily relocating for work Needing to move but struggling to sell a home
If any of these situations apply to you, renting out your property can be a good source of extra income. However, there are important legal steps to follow. Here’s a 7-step guide to help you start your journey as a successful ‘accidental’ landlord.
Step 1: Check the Mortgage
First, determine if your property has a mortgage. If it’s a standard residential mortgage, inform your lender about your intention to rent it out. Failure to do so could breach your mortgage terms, leading to increased interest rates, back-payments, fines, or even a demand for full repayment.
Your lender might:
Grant ‘consent to let,’ allowing you to keep your residential mortgage temporarily, usually with higher interest rates and additional fees. Require you to switch to a buy-to-let mortgage, which has different criteria, including rental income levels and loan-to-value ratios.
Consult a buy-to-let mortgage broker to explore your options and secure the best deal for your situation.
Step 2: Review Lease Restrictions or Covenants
If your property is leasehold, check the lease for any clauses that restrict letting or specify tenant types. Possible restrictions include:
Only owner-occupiers can live in the property Only single individuals or family units can rent the property Prospective tenants must be approved by the freeholder
Ensure you understand these restrictions and inform your prospective tenants accordingly.
Step 3: Seek Tax and Legal Advice
Rental income is subject to tax, and property tax laws can be complex. Consult a property legal expert and a tax consultant specialising in buy-to-let to manage your property and profits efficiently. Planning for future property decisions, such as selling or passing it on, can significantly impact your profitability.
Step 4: Check the Energy Efficiency Rating (EPC)
All rental properties must have a minimum ‘E’ rating on their Energy Performance Certificate (EPC). The government plans to raise this requirement to ‘C’ by 2025. Consider making energy efficiency improvements now, such as upgrading insulation, installing double glazing, or updating the boiler, to meet future standards.
Step 5: Consult a Professional Letting Agent
Even if you plan to manage the property yourself, a professional letting agent can help you navigate the complex legislation governing rentals. They can expedite the process of getting your property ready for rent and offer ongoing benefits such as:
In-depth knowledge of the local rental market Reliable systems for advertising, referencing, and maintenance Membership in professional bodies, ensuring high standards Acting as a buffer between you and the tenant in case of disputes
Step 6: Ensure Health and Safety Compliance
As a landlord, you must prioritise the health and safety of your tenants. Key obligations include:
Ensuring the property is fit for habitation Installing fire safety measures Conducting periodic gas and electrical safety checks Providing an effective heating system Addressing risks like damp, mould, and trip hazards Securing the property
Understand all legal obligations and invest in necessary changes to ensure compliance, especially if the property is an HMO.
Step 7: Consider Refurbishment
Successful letting hinges on attracting quality tenants and securing good rent. If your property isn’t modern or recently refurbished, you may need to invest in updates or new furnishings. Research similar rentals or consult a local agent to understand what tenants seek and make your property as appealing as possible.
Get In Touch
Letting a property involves navigating various legal and practical challenges. If you’re an accidental landlord looking to rent out your property, contact us for guidance on the local market and help to ensure your rental is successful now and in the future.
Reach out to us today at 01706 356633 or enquiries@reside.agency, and we’ll arrange a consultation to help you with your first steps to being a landlord.
Selling your home can be a challenging task, but with careful planning and attention to detail, it can be smooth and stress-free. Whether you’re upgrading to a larger property or downsizing, here are the steps you need to follow to get the best price for your home. This guide will walk you through the process of selling your home.
Step 1: Choose a Reputable Estate Agent
Start by finding a reputable estate agent experienced in selling properties in your area. Look for an agent with a proven track record of successful sales similar to your property. Research online reviews, ask for recommendations from friends and family, and consider visiting their office to get a feel for their professionalism and expertise.
Step 2: Get a Valuation
After selecting an estate agent, the next step is to get a valuation of your property. A reliable agent will offer a free, no-obligation valuation based on current market conditions and the state of your property. They will consider factors such as location, size, and condition to provide an accurate estimate of your home’s worth.
Step 3: Prepare Your Property for Sale
Before listing your property, ensure it’s in top condition. A well-presented home attracts more buyers. Spend time decluttering, cleaning, and making minor repairs. Hiring a professional cleaner for a deep clean and a gardener to tidy up the garden can make a significant difference.
Step 4: Set an Asking Price
Your estate agent will advise you on setting the right asking price based on their market knowledge and experience. Pricing your property correctly is crucial, as setting it too high or too low can discourage potential buyers.
Step 5: Market Your Property
Once your property is ready, your estate agent will handle the marketing. This usually involves listing your home on major property portals like Rightmove, Zoopla, and OnTheMarket. They’ll also promote it through their website, social media, and email campaigns. The agent will arrange viewings and provide feedback from potential buyers.
Step 6: Receive Offers and Negotiate
As buyers view your property, offers will start to come in. Your estate agent will relay these offers to you and help you decide whether to accept, reject, or negotiate. If you receive multiple offers, your agent will guide you through the process to ensure you get the best deal.
Step 7: Agree on a Sale
After accepting an offer, the buyer will typically conduct a survey. Both you and the buyer will need solicitors to handle the legal process (conveyancing). During this time, your estate agent will help resolve any issues and ensure the process moves smoothly.
Conclusion
Selling your home can be straightforward if you follow these steps. By choosing a reputable estate agent, preparing your property, setting the right price, and marketing it effectively, you can attract potential buyers and secure the best possible price for your home.
Reach out to us today at 01706 356633 or enquiries@reside.agency, and we’ll arrange a free valuation. Your first step in getting your house sold!
Often viewed as a haven for entertaining and relaxation, studies show that the “right” garden ranks among the top three priorities for homebuyers. In this guide, we share six easy steps to style your garden and maximize its appeal!
For us, a garden epitomizes entertainment, enjoyment, and peace. It’s no surprise that several studies highlight the garden as a crucial factor for potential buyers. Surrounding your home, both front and back, the garden is a substantial area often overlooked. However, this versatile space can make or break a sale and requires as much preparation as any room inside. We’re here to help!
Tidying your garden is one thing, but styling it is another. Styling involves adding finishing touches with thoughtful layouts and accessories, elevating your garden to the next level. After trimming the hedges and pressure-washing the patio, the fun begins! By infusing your garden with style, you’ll exceed viewers’ expectations and showcase its full potential. Read on for six proven tips to enhance your garden with charming style.
Frame the Front Door
The first area potential buyers see is the front door. Think about the inviting first impression you want to create. After refreshing old letterboxes, handles, and knockers, consider defining a pathway to the door with flower beds or potted plants interspersed with post lights.
Frame the doorway or porch with hanging baskets and climbing plants. Alternatively, use candle-filled lanterns of varying sizes on either side of the door, grouped in threes for visual appeal.
Get in the Zone
Divide your back garden into different areas by their intended purpose. This not only makes the space feel bigger but also more organized, showcasing the garden in its best light.
Position dining and seating areas strategically to delineate zones. Define the main entertainment area with a weatherproof rug and comfy furniture. For a cozy yet sophisticated style, use a glass-topped table and cushioned dining chairs made from all-weather wicker or Lloyd Loom.
If space allows, create a relaxation corner with an outdoor sofa or swing chair and a timber coffee table. Complete the snug look with a gas or electric heater.
Light the Way
Illuminate your outdoor space with thoughtfully chosen lighting that looks great both day and night. Match the lighting to your interior theme. Bronze and copper fixtures provide an antique look suitable for period houses and cottages, while matte black and silvered patinas complement modern homes.
Consider recessed floor lighting for decking areas to add an uplifting glow during darker months. Alternatively, intertwine festoon lights around an awning or gazebo, along the eaves of a shed or carport, or wrap them around trees to enhance a relaxed atmosphere
Play with Mirrors
Illuminate your outdoor space with thoughtfully chosen lighting that looks great both day and night. Match the lighting to your interior theme. Bronze and copper fixtures provide an antique look suitable for period houses and cottages, while matte black and silvered patinas complement modern homes.
Consider recessed floor lighting for decking areas to add an uplifting glow during darker months. Alternatively, intertwine festoon lights around an awning or gazebo, along the eaves of a shed or carport, or wrap them around trees to enhance a relaxed atmosphere.
Lift the Space with Color
Use color to make your garden cheerful and inviting. Container plants are perfect for adding color to paved areas or courtyards. If flowers aren’t blooming yet, use colorful plant pots and baskets.
For quaint, older houses, fast-growing climbers like wisteria or clematis can create a “wow” factor. In modern homes, trailing plants in hanging baskets can form a living wall of foliage. Wooden or galvanized metal step ladders are also creative for floral displays.
Fill any bare patches in flower beds with easy-to-maintain perennials like hellebore, libertia, liriope muscari, and cranesbill.
Keep it Low-Key
Avoid overwhelming your garden with excessive styling. Opt for furnishings that highlight texture over pattern and use calm, neutral colors for accessories. This keeps the space depersonalized and appealing to a broad range of buyers.
Keen for more tips on how to style your garden? Or need advice on preparing your home for the market? We’d love to hear from you!
Finding the perfect partner has never been easier with apps and social media. Searching for love you can download an app and with the swipe of a finger find your dream match.Unfortunately when it comes to finding a lettings agent there isn’t an app for that!
In our previous discussion, we delved into the advantages of partnering with a letting agent, emphasizing how they can save you time, money, and provide peace of mind. With over 13,500 estate agents in the UK, most of whom manage lettings, the task of selecting the right one might seem daunting.
Choosing the perfect letting agent is akin to finding ‘the one’ in a romantic relationship. They should be responsive, reliable, and genuinely interested in your best interests. Just as compatibility matters in personal relationships, it’s crucial to ensure your values align with your agent’s approach. While corporate agents may boast impressive branding, it’s the substance beneath the surface that truly counts.
Before committing to a partnership, take the time to acquaint yourself with the agent. Corporate and independent agencies may offer similar services, but their methods and level of personalization can vary significantly. Corporate firms, with their structured processes, may struggle to accommodate individual needs, whereas independent agents often prioritize customer service and adaptability.
When evaluating potential agents, consider their familiarity with the local area. A deep understanding of the neighborhood can help attract suitable tenants for your property. Moreover, consistency of service is paramount. While corporate agencies may dazzle with their professionalism, personal touch and dedicated service are often the hallmarks of independent agents.
Being part of the local community can also be advantageous, as it enhances an agent’s network and tenant pool. Independent agents, embedded in the neighborhood fabric, tend to foster stronger connections and may already have ideal tenants in mind for your property.
While cost is a factor, quality of service should take precedence. Look beyond price tags and assess an agent’s track record, turnaround time, and customer reviews. Independent research, including scrutinizing online reviews and conducting mystery shops, can provide valuable insights into an agent’s reputation and performance.
Furthermore, endorsements and qualifications signal an agent’s commitment to professionalism and ethical standards. Seek out agents affiliated with reputable industry bodies, such as RICS or NAEA, for added assurance.
Finally, consider the agent’s philosophy and values. A client-centric approach, grounded in honesty and integrity, is indicative of a trustworthy partner. Ultimately, finding the right letting agent is a crucial step in ensuring the long-term success of your property investment. With diligence and careful consideration, you can find an agent who not only meets your needs but also helps you achieve your property goals.
Remember, there are thousands of letting agents out there, finding the best fit is the most important factor. Choosing the best letting agent can help ensure your property stays let for the long term.
If you’re considering starting out in lettings or an existing landlord, we’re eager to assist you. We can explore the range of services we offer and help you discover the ideal letting and management solution aligned with your goals as a landlord.
Reach out to us today at 01706 356633 or enquiries@reside.agency, and we’ll gladly arrange a discreet and confidential conversation.
Is it time to consider switching letting agents? As a landlord, your rental property likely stands as one of your most significant financial assets. Thus, ensuring it’s effectively let and managed is paramount.
If your current letting agent isn’t meeting your expectations and you’re contemplating a change but unsure where to begin, this comprehensive guide provides all the necessary insights to facilitate a smooth transition.
What you need
As a landlord, entrusting a letting agent involves a significant level of reliance, especially if you’ve opted for a ‘fully managed’ service where the agent oversees both the tenant and property throughout the tenancy on your behalf.
You depend on your letting agent to:
Secure a ‘good’ tenant who can consistently pay the rent on time and maintain your property.
Ensure compliance with all relevant legislation regarding both the tenancy and the property.
Maintain effective communication with you, keeping you informed of any legal changes impacting your interests.
Handle inspections, maintenance, and repairs promptly and economically.
Manage any tenancy transitions to minimize vacancy periods and sustain fair market rental rates.
Provide guidance on potential rent increases and advise on worthwhile property upgrades or modifications.
Your rental property stands as one of your most significant financial assets, emphasizing the importance of effective letting and management. Your agent’s primary role should involve ensuring consistent rental income, covering your expenses, and ideally generating a profit. Additionally, they should maintain the property’s condition, providing a safe and comfortable home for tenants while safeguarding its capital value.
If your agent is falling short of these expectations, you might be considering a switch. But how can you navigate this transition smoothly? Here’s a helpful guide:
Review Your Agreement Terms:
If your agent is solely responsible for finding tenants, giving notice should be straightforward. However, with fully managed services, there might be an initial tie-in period, delaying an immediate switch. Unless there’s a breach of obligations (see point 3!), the agreement will outline termination procedures for both parties and the required notice period.
Note: Many agreements stipulate continued fee payment to the agent as long as their introduced tenant occupies the property. Discuss this with your new agent to avoid overlapping management fees.
Secure a New Agent Before Giving Notice:
Unlike changing estate agents for property sales, timing is crucial when switching letting agents, especially if your property is currently tenanted. Ensuring continuous and proper management of your property is paramount.
Successfully managing a tenancy involves numerous systems, processes, and legal knowledge. Having a new agent lined up before giving notice ensures a seamless handover, minimizing the risk of overlooked tasks.
Key Considerations When Selecting a New Agent
Do they possess Client Money Protection insurance? (Legally required)
Are they members of a redress scheme? (Legally required)
Do they belong to a professional industry body with a Code of Conduct? (e.g., Propertymark or Safeagent)
How do they stay informed about legal changes in the industry?
What are their fees, particularly for tenancy renewals?
Do they have a track record of successfully letting and managing properties similar to yours?
Do they have an appealing website and effective marketing strategies?
What is their average time to let a property and average annual void period?
If possible, seek feedback from one or two of their current landlords.
These considerations provide valuable insight into the professionalism of the company and their capability to manage your property and tenants effectively. However, the ultimate point on your checklist is whether you feel a rapport with them. Since these are the individuals you and your tenants will interact with for the foreseeable future, possibly for years, liking their approach is crucial.
Once you’ve identified the agent you wish to transition to, it’s time to notify your current agent.
Communicate Your Reasons to Your Agent:
Open and amicable discussions often lead to the best resolutions. Clearly articulate your reasons for wanting to switch to your agent. Consider making a list of these reasons before initiating the conversation.
If your agent acknowledges the issues, they might be willing to negotiate regarding any contractual tie-ins, especially if their tenant remains in the property. For instance, you could propose a one-time ‘introduction’ fee instead of continuing monthly payments until the tenant vacates.
Importantly, ensure the old agent agrees to transfer the tenancy file to your new agent. This file should include tenant referencing information, deposit protection details, and gas check certificates. Also, confirm that they will liaise with the tenant to facilitate a seamless handover of rent payments and other responsibilities.
Ensure that any agreements reached with your agent are formally documented.
It’s crucial to note that every letting agent must be a member of either The Property Ombudsman or The Property Redress Scheme, as mandated by law. Both provide independent third-party dispute resolution services. If you’ve already discussed your reasons for leaving with your agent and have documented them, but the issues remain unresolved to your satisfaction, you can escalate the matter to the relevant redress scheme to seek resolution.
The Final Step
Engage Your New Agent
The last crucial step is to engage your new agent. Be transparent about why you’re choosing to switch to them and clearly outline your expectations for their service. From our experience, a successful landlord-agent relationship hinges on effective communication. It’s vital to establish this from the outset.
If you’re considering transitioning from your current agent, we’re eager to assist you. We can explore the range of services we offer and help you discover the ideal letting and management solution aligned with your goals as a landlord. Reach out to us today at 01706 356633 or enquiries@reside.agency, and we’ll gladly arrange a discreet and confidential conversation.
Are you thinking about making a change to where you live? If you no longer need all the rooms in your home, you might have decided to downsize into something smaller. Or perhaps it’s the opposite – you need more space, in which case, it could be time to upsize into a new place. On the other hand, if you love your home and it’s in the perfect spot, maybe you’re toying with the idea of getting the extra room you need by extending.
A report from UK Finance found that people stay in their homes for an average of 20 years, and selling and buying does tend to take time, money and effort. So, before you set the wheels of change in motion, try to look ten years ahead and think about how your needs might change over that time.
Whether you’re looking for more or less space, the clearer you can be about what you want and need from your new home – and why – the easier it will be to narrow down your options and find something that’s going to suit you well for the foreseeable future.
So let’s explore some of the options out there and what you need to consider as you move up or down the property ladder. You might even discover a great solution you hadn’t thought of before!
Extending or converting your existing home
If almost everything is perfect about your current home, but you just need a bit more space – perhaps a room you can use as an office, a bigger dining kitchen or extra bedrooms – it might be worth seeing if you could extend or re-jig the accommodation.
Two key things to consider here are:
Would the cost of transforming your home be reflected in an increase in value? You might not have any intention to move in the foreseeable future, but at some point you may want or need to sell. So, once you’ve got a good idea of what changes you’d like to make, it’s well worth asking a local agent to give you their opinion on how much the work could add to the price of your home. We’re always happy to help with this – just give us a call on 01706 356633.
The best way to add value is to increase the amount of usable space in your home, perhaps by extending to add a reception room and bedroom above, or converting a garage or loft into living space. But bear in mind that your immediate local area will have a ‘ceiling’ for market values – that’s a price that a home is unlikely to sell above, simply because of the size and type of other homes around it.
For instance, if you live in a road of mainly three- and four-bedroom homes with one or two reception rooms, it might not be worth increasing your accommodation to five bedrooms, three reception rooms and a granny flat. If that’s the kind of space you need, moving to an area that has more homes of a similar size might be a better option. Again, come and speak to us to find out what’s likely to be the best investment from a resale perspective.
And remember that the best extensions feel as though they’ve always been there, so if you do go ahead with works, it’s advisable to choose an architect who has experience in designing for your particular age and style of home. While you may need to pay a bit more for the best solution, it’s well worth the investment to keep a good flow and feel to the home.
How disruptive are the building works going to be? If you’re converting the loft, it might not be too intrusive, but if you’re extending, then parts of your home might be unusable for weeks or even months. In that case, you may want to think about moving out while the improvements are being made. Bear in mind that if you have to pay for an alternative temporary home, that’s going to add to the overall cost of the project.
Something else to consider is whether you could gain the extra space you need by building separate accommodation in the garden – assuming it’s big enough. If what you’re after is an office or guest annexe, there are some excellent self-contained units on the market that you could have up and running in under a month. Going down this route could be easier, cheaper and quicker than carrying out works on your home.
With any building project, it’s important to check with the local council whether planning permission is required and what building regulations you’ll need to comply with. And bear in mind that it could take up to eight weeks for the council to consider even straightforward planning applications, so factor this into your timescale.
Moving up the property ladder
If you need a bigger home and you’re ready for a change, or it’s not possible to extend where you live at the moment, then you’ve got a pretty open book of options. There could be plenty of homes for sale that are the right size, but how do you make sure you pick the one that’s really right for you?
Well, when you’re moving for a specific reason, it’s important to be led by your head and not your heart. It’s all-too easy to fall in love with a beautiful kitchen, a fabulous view or the perfect family room, but if you let your emotions chip away at the square footage you know you need, you could end up running out of space again in just a few years.
This is where an estate agent can really help. It’s worth spending some time speaking to them before you start viewing potential new homes, to explain exactly why you’re moving and the number of bedrooms, reception rooms and other spaces you need. Then they can make sure all the homes you view at least meet your minimum requirements, and you can be confident that anything you’re tempted by already ticks the size box. Give us a call and we can take you through what we’ve currently got on the market in your range – maybe one of them will be the perfect fit for you!
And if you’re prepared to do some work to turn your next purchase into your dream home, again, be clear with the agents you speak to about how much of a project you’d be happy to take on, and they should be able to show you a variety of homes with potential.
Downsizing to a smaller home
At the other end of the moving spectrum is downsizing. Maybe you’ve spent years having friends to stay, entertaining and making full use of all the rooms in your home, but now that whirl of activity has come to an end, and you just don’t need all the space you currently have. You might be moving to a much more expensive area for work or lifestyle reasons, and your money simply won’t stretch as far, or it could just be that you’ve decided you’d prefer a smaller home.
If you are looking to downsize, you might also want something you won’t have to spend much time and money maintaining. So, even if you’ve enjoyed living in period homes until now, it may be time to consider something modern that has guarantees and warranties and will be low-maintenance and energy efficient.
It’s also important to think about whether you want this downsizing step to be your last move. If so, it’s worth planning ahead and making a wishlist of everything you think you’re going to want in your new home. Although compromises sometimes have to be made when you move, if this is your ‘forever’ home, it should be as perfect as possible – even if it takes a little longer to find.
Whatever your reason for downsizing, it can be the trickiest move to make. Even though it might feel like the natural ‘next step’, the reality is that you’re not going to be able to take all your furniture and possessions with you. So, as well as cutting back on living space, you have to work out which things you really want to keep and what won’t be making the move with you. There are plenty of house clearance companies and auctioneers who will be happy to value the items you’ve decided to part with; then you can choose what to include in the sale and what you’d like to sell separately. And make sure your agent has a full list of fixtures and fittings with prices, so they can negotiate with buyers and hopefully help clear one job off your moving list!
Whether you’re upsizing, adapting your current home or downsizing, we’re always very happy to chat through your options and lend our expertise to help you make the right move. Just give us a call on 01706 356633 or email us on enquiries@reside.agency and we’ll get right back to you.
Selling a home might not be an exact science, but there are a number of factors that will make a huge difference to how successful your sale will be.
Our experience has shown us that homes that sell quickly and for a good price tend to have certain key things in common, so we’ve developed a checklist that we can use to analyse the saleability of any home. We rate various elements of your marketing approach across five categories, awarding up to a maximum of five points for each element to give your home an overall ‘Saleability Score’.
Using our scorecard, you’ll be able to see for yourself where there may be room for improvement in your marketing. Once you’ve identified which areas aren’t as strong as they could be, you can discuss those points with your agent and work together to turn things around so that your home makes the right impact on buyers.
So, if your home has been on the market for a while and perhaps you haven’t had quite as many viewings as you’d hoped, run through our Saleability Scorecard and see how your marketing stacks up. Set aside a couple of hours, and make sure you have your printed brochure and online listing to hand. Think about every question carefully, and try to look objectively at your marketing materials and how your home is presented. Then give your answers in the form of points, awarding from a minimum of 1 to a maximum of 5 for each bullet point listed under each element below:
Your estate agent
Communication and feedback are key to helping you understand how the marketing is going and reassuring you that your agent really is doing their best to sell your home. So:
Do they call you regularly – at least once a week?
Do they accompany every viewing?
Do they give you detailed feedback after each viewing?
Have they made any suggestions around how you might be able to generate more viewings – other than dropping the price?
Your brochure
Your brochure needs to convey the quality of your home, setting a standard and value before the prospective buyer sees it in person. And the photographs have got to showcase a desirable lifestyle, grabbing buyers’ attention and enticing them to view.
Does the brochure fully represent your home – we usually recommend 16–20 glossy pages – and does it have a luxurious feel?
Are your photographs professional, and do they sell a lifestyle? The features of each room should be shown in crisp detail, and the images should convey an aspirational feel. In a sitting room, for instance, fires and candles should be lit, fresh flowers put out, and lights switched on to ensure the room looks spacious and bright, but cosy and inviting at the same time. A gently bubbling bath with flickering candles is selling a relaxing and luxurious lifestyle, not just a bathroom. And for kitchen photographs, some fresh baking will bring the image of the room to life and stimulate more than just the buyer’s visual senses.
Is the written description enthusiastic in tone and full of emotive adjectives? The copywriter should be conveying a narrative that really captures the buyer’s imagination and makes them want to experience your home for themselves.
Does the floorplan include dimensions and the overall floor area and show the orientation of your home?
Your online advert
This is your virtual shop window, and with the possibility of hundreds of other homes appearing in search results, your listing needs to stand out.
Does your main photograph grab a buyer’s attention and encourage them to click for more information? We find that a twilight shot with all the interior and exterior lights on can be a particularly striking image and is often the best one to use online.
Does the listing have a punchy, eye-catching headline?
Is the description concise, while still selling the best features of your home in a flattering way?
Is there a good-quality image of the floorplan, and brochure download button available?
The price
If a home is marketed at too optimistic a price, it tends to sit on the market for longer. So you must make sure your home is advertised at a price that both reflects its true value and attracts buyers.
Is your asking price a round figure, e.g. £950,000, not £949,999?
Does your home appear at the top of a search in your price range?
Do you know how your price per square foot compares to that of other similar homes in the area?
Have you stuck to your asking price, even if your agent thinks you should drop it?
Preparing your home for viewings
You must do all you can to make buyers fall in love with your home – from the moment they first see it on the market to the end of their viewing.
Do you style and tidy the outside – both the garden and your home itself?
Do you have fresh flowers inside?
Do you dress all the beds?
Do you switch on lamps, light candles and have fresh coffee or baking to create a homely and welcoming atmosphere? For more inspiration, take a look at our blog, ‘6 simple steps to prepare your home for viewings’.
Now, add up the points.
If you have a Saleability Score of more than 80, well done – that suggests both you and your agent are on top of your home sale! Just take note of the areas where you might want to make a few tweaks, and if you still find you’re not getting enough viewings, then get in touch with us.
If you’ve scored between 50 and 80, there are probably quite a number of areas that you and your agent could work on. The good news is, this means there’s every likelihood that if you can just make the right improvements to your marketing, you should be able to attract much more interest and start to get some offers coming in.
However, if you have under 50 points, it’s probably time to consider a full marketing makeover. And if your current agent hasn’t already addressed the various challenges, it could be time to switch to one that’s more proactive and professional in their approach. We would be more than happy to discuss how we can help you with this, so please feel free to get in touch with us at any time.
And if you’re feeling a little disheartened by your result, be encouraged by the fact that there are plenty of things you can do to make your home much more saleable – with the right agent on board. The important thing is that you take action right away. If you don’t, your home will simply sit on the market, leaving it at risk of possibly going ‘stale’, which is likely to reduce your chance of getting a good sale price. When buyers see the same home being advertised in the same way, week after week, it gives the impression that something isn’t quite right. So it’s time to grab the bull by the horns!
The first port of call is to speak to your agent, show them our Saleability Scorecard and find out whether they agree with your ratings. It may be that they have their own ideas about the kinds of changes that could be made and are keen to work with you to turn things around.
However, if you don’t get the response you were hoping for, give us a call – we can review your marketing ourselves and give you our expert opinion on what needs to be done to secure a successful sale. Then, once we’ve visited your home to appraise it fully, we’ll come up with a bespoke marketing strategy that focuses on promoting all the best features of your home and relaunch it onto the market in style!
If you’d like to discuss your current situation and find out how we can help you and your home get the sale you deserve, just give us a call on 01706 356633 – or email enquiries@reside.agency – and we’ll get right back to you.
