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Your home is your most valuable asset, and while the market is in a good position, it could be tempting to place your own price tag on it and try your luck. However, the reality is that you can’t rely on guesswork when it comes to determining your home’s true value. Let’s explore why.
1.Your local market is separate from the wider market
While the UK average asking price can give you a rough idea of how the market is holding up, local factors are more significant to the true value of your home. Factors such as proximity to amenities, school catchment areas, local crime rates, and quality of transport links all hold weight in the overall value of the property.
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With the sea, sunshine, and happy holiday memories just around the corner, it’s time to prepare your property with a pillow of protection for when it stands empty. As a landlord, your property can sometimes be empty, leaving it exposed to more danger and the possibility of a break-in. For landlords, it’s important to keep the property looking alive in between tenants. So, here’s some advice on how to keep the property looking alive when you’re on holiday or when it’s standing empty.
Postal deliveries
When your property is standing empty or you’re on holiday, it is common that post and parcels can pile up outside, creating the impression of an empty property. To prevent this appearance, it’s important to ensure your post is either redirected to your neighbours or that a close friend or relative collects your post regularly. Leaving post and parcels to pile up can give burglars a clear target.
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Find out why high-end homes are reaching top asking prices and selling in a short time frame – the Hallmark way.
A Yorkshire estate agency which has served the county for decades knows that selling homes with a substantial price tag can be trickier. But thanks to the Richard Kendall Hallmark Fine Homes property service, a host of high-end homes throughout the region have sold within weeks, and in some cases days.
Claire Kendall, director in the family run firm, says they are proud of their recent success for vendors across Wakefield and Pontefract:
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When renting out a property, it can sometimes be challenging to discover a home suitable for families with younger children. We want to ensure being a family while renting doesn’t limit your options, so as a landlord or tenant, child-proofing your property is a super important element when creating a family-friendly home. We have gathered a list of tasks that we believe are essential to establishing a safe environment for younger children on a property.
Installing safety gates
By installing gates in entrances or stairways, you can prevent children from gaining access to certain rooms and staircases, reducing the possibility of accidents. This allows you to have peace of mind when turning your back on them. As a landlord, these could be kept in storage and made available for family renters.
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As the year unfolds, the property market is continuing to surpass expectations. Instead of a great crash, we find ourselves in a bit of a sweet spot, as many home-movers stand to make a healthy profit on their current properties. But the even better news is that alongside this, you can enjoy reasonable pricing, opening the doors to a nicer home.
How much could you make?
According to Zoopla, 90% of homeowners who sold up in 2023 made a 25% profit, with the average seller of a £275,000 property making £74,000.*
