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Investing in a property with a sitting tenant involves a slightly different process compared to purchasing a vacant property, but it offers unique advantages that can make it worthwhile. Let's look at the key benefits of buying a property with a sitting tenant, as well as why it could be a great way to build your portfolio.
The process of investing in a property with a sitting tenant
Firstly, it’s important to thoroughly assess the property and understand the existing tenancy agreement. This includes reviewing the agreement’s terms, rent details, the duration of the tenancy, and any other obligations the tenant may have. It's also crucial to evaluate the tenant's rental history to ensure they have a strong track record of timely payments and proper maintenance of the property.
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When you own a home, looking after the property and maintaining its condition is one of the most important parts. This is because you want to maintain the property's value throughout your ownership period.
How to winterise your property
As the weather changes, it becomes more and more important to keep an eye out for any weathering occurring to your property. This could be from rising damp to rotting window frames, and if these problems aren't spotted and dealt with, they can create larger problems in the future. Here are some simple ways to ensure your property is fully prepared for winter.
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Even if you have not found your perfect property yet, you know that you don’t want your move to be a long-drawn-out affair. Having the right team in place to guide you really does make a big difference. So, here’s a few things to bear in mind that could help to speed up the sale of your home.
Create killer kerb appeal
From windows to weed-free paths and a nicely presented front door, your home’s kerb appeal is the face of your home. It’s most likely the first thing your potential buyer will see online and in person. Check the guttering, mow the lawn, and give that area of your home a good brush. It’s often the combined effect of these basics that makes the biggest impact. Don’t forget your garden and other outdoor spaces; they are just as important as any other room in the house.
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Are your children ready for the big move?
Moving into a new home is a huge life event for anyone. But for children in particular, it can stir up a mix of emotions, both positive and negative. As parents, it’s essential to recognise these emotions and consider how you can make moving less daunting for your little ones.
Let’s take a look at how moving can affect children emotionally, what signs to look out for, and how to make them feel more positive about the big change.
Why moving can be hard for children
Moving can be a challenging experience for children because it disrupts their sense of security and familiarity. Leaving behind a home where they've built memories, made friends, and settled into routines can feel overwhelming. The uncertainty of a new environment can also make them feel anxious.
Signs your child might be struggling with the idea of moving
When children are struggling with the idea of moving, their emotions can manifest in different ways. You might notice your child becoming less interested in activities they usually enjoy or more irritable than usual. They may become clingier as they seek reassurance on the move. Additionally, sleeping patterns might be disrupted, and nightmares may become more common.
Preparing your children for the big move
Preparing your children for the big move is all about open communication and reassurance. You should talk to them about the move well in advance, explaining why it's happening and what they can expect. Address any concerns they might have, whether it's about leaving friends behind or starting at a new school. By making them feel understood and heard, you can ease their anxiety and help them approach the change with a more positive mindset.
Involving your children in the moving process
Involving your children in the moving process can help ease their anxiety and give them a sense of control during this big life change. Let them participate in tasks like packing their own belongings or choosing the colour for their new bedroom walls. Framing the move as an exciting adventure where they can make their own decisions can change how they view the experience. You could even make it fun by letting them decorate moving boxes or creating a moving-day playlist together. The more engaged they feel, the smoother the transition will be for everyone.
Helping your child adjust to their new home
Once you’ve moved into your new home, it’s important to create a sense of familiarity and comfort in the new environment. Giving them some freedom and choice over how they want their room set up can make them feel more involved and in control. Making their first week in the new home fun is also crucial, as making happy memories early on could quickly alleviate any anxiety they may have.
Supporting your child after the move
After the move, it’s important to encourage open conversations where they can express any concerns or negative feelings they may have. Keeping familiar routines in place wherever possible can provide a sense of stability, as it keeps overall change to a minimum. Taking them to local parks or clubs where they can start forming friendships can help them acclimatise. But remember, every child adapts at their own pace.
Contact us today to discover how we could help you with your move
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What Does the Autumn Budget Mean for the Housing Market?
Chancellor Rachel Reeves has announced the Autumn Budget, marking the first Labour Budget in 14 years (and the first woman to ever deliver a budget in the UK).
With the ongoing cost of living pressures, many were closely watching this Budget yesterday. Below we summarise the key points that we feel our relevant to the property market.
