Learn the latest property news this June

Five in-demand factors buyers are now looking for

Working and spending more time at home has caused significant changes to people’s property needs.

More than a quarter of the UK’s renters and homeowners (26%) have found that their property needs have changed since the outbreak of COVID-19.*

What are the key changes likely to stay on the priority list now restrictions are easing?

Gardens

Lockdown has caused a general desire for more space, meaning that many of us are seeking homes near public gardens or green areas.

Unsurprisingly, the demand for gardens has also increased by 74% worldwide, with UK buyers making it a top property feature to look out for.

Accessible Wi-Fi

Zoom and facetime have become the key to keeping in touch with loved ones, as well as playing an important role in remote working practices.

This means that having fast internet is essential for those looking to buy.

Natural lighting

Being confined to our homes throughout lockdown has given people a craving to create open, natural spaces inside.

Velux windows have increased in popularity due to the natural light and improved air quality they provide, whilst high ceilings also give a sense of greater space, and have seen higher search volumes of 15% over the pandemic.*

Home gyms

Lockdown has encouraged people to become more active in their spare time by taking up running and cycling where gyms have otherwise been forced to close.

Whilst sporting and leisure facilities have now opened up again, there's still a hesitancy from some previous members about when it is safe to return, making a home gym a staple feature of any home to attract attention from buyers.

Views

Having beautiful views is a big selling point, with balconies also increasingly more desirable now.

If you've been holding off on your next move, we'd like to extend our support. Contact us today.

*Wayhome

A third of homes sell for over the asking price

One in three properties sold for more than the original asking price in April.*

This has put homeowners looking to move in a better position than ever. What could it mean for you?

Here are a few top tips for selling your home this summer:

1. First impressions count

Don’t underestimate the impact that kerb appeal has on potential buyers.

A survey conducted by YouGov stated that well-maintained windows, front gardens and pathways can be the key to a quick sale.

2. Update the kitchen

The kitchen is the most valuable room in the house.

A bright spacious kitchen can be attractive to potential buyers.

A fresh coat of paint and removing any bulky appliances before viewings can make all the difference in creating a clean and spacious look.

3. Light and airy

Putting up mirrors in your home can make a room seem much larger and brighter.

Putting lamps in any dark corners will brighten up the room and create a warm glow that is inviting to potential buyers.

*Property Reporter

Low cost changes to increase your home’s kerbappeal

Whether you are considering putting your property on the market or you are simply looking to increase the aesthetics of your front garden, there are a few low cost tips that can help you increase your home’s kerb appeal.

What to consider when upgrading your property’s exterior:

1. How much you’re willing to spend

Working out a budget will provide you with a clearer understanding as to what projects will be achievable.

If there is a limit to how much you want to spend on this area, prioritise the projects that you believe will make the most difference.

2. What are your main goals?

What are you looking to achieve from re-decorating? Are you interested in creating a green space outside your home or are you looking for practical solutions and storage options?

Painting your exterior adds 2-5% on your property's sale value, so if you're looking to move in the near future, it's important to know where to focus your attention for the best returns.*

Have you considered these options?

Refresh your front door

Your front door is the most noticeable feature when entering a property, so it’s worth considering an upgrade if it's peeling or looking tired.

Add your own design accessories

Door accessories, stylish house numbers, lights and retro flower pots are all on trend.

They are also very simple but effective ways of increasing the aesthetics of your front garden for any guests or prospective homebuyers!

Clear your garden

Last but not least, the lawn plays a key part in your home’s kerb appeal.

In fact, 67% of homeowners state that a tidy front garden would improve kerb appeal to them the most.**

If you’re looking to begin the process of buying or selling this month, contact our team today.

*Home Logic

**Goodmove

How valuable is your garden?

With the summer months promising a season of sun and property market surges, we're sharing guidance on how to make your gorgeous garden pay for itself.

If you'd like to increase your home's value, spending some time on the outdoor space is a must, with summer buyers and sellers extra vigilant about their green space options.

Here are a few improvements you can make:*

Add a building

Potential gain = between 5% to 15% value to your home

Over lockdown, many of the country's professional workforce found themselves stuck at home and searching for places to accommodate working from home, opting for a noisy kitchen or dark spare room where no other options were available.

For those homeowners and landlords already benefitting from having an outdoor building, many found that they could use that to their advantage to raise the value of their property.

Outdoor buildings can be used in many inventive ways, such as an office or gym.

Letting the outside in with bi-folding doors

Potential gain = between 5% to 10% to the property's value

Over the past few years, bi-folding doors have become a fashion symbol for homes as their popularity has grown massively.

Fewer homeowners have opted for conservatories, instead favouring extensions in other parts of their home to avoid taking away from their gardens.

However, as well as opening up the space joining your indoors and outdoors, bi-folding doors can portray your property as an ideal location to entertain guests or host summer events.

Add decking

Potential gain = up to 10% added to the value of your home

For those who routinely invite over friends and family members, this feature can give a garden multiple levels and different zones, so don't be afraid to be creative when looking at ways to maximise on space.

Just a splash of paint

Potential gain = 5% or around 12.5k in value depending on the project

Whilst at first it may seem like a daunting task, adding a lick of paint to your home’s exterior can make a big difference.

Are you curious to discover how much your home may be worth? Contact us today.

*MyToolShed