The latest news from Bill Tandy

The latest news from Bill Tandy


After a turbulent year in the property market, we discover whether now is a good time to consider buying your next home. However, if you have a property to sell, there are a few things to consider before marketing your home. Your next property purchase is a big commitment, and if you're stuck between buying a house or a flat, we can help! The team at Bill Tandy have some pros and cons to buying a house vs buying a flat.
 
If you're not quite ready to move yet, no problem! We have some great renovation ideas to increase property value this year, so when you are ready to sell, you can achieve the best possible price!
 
We hope you enjoy this month's edition of our newsletter.


Eco Friendly Homes Playing an Important Role

 
Climate change has received immense attention recently with urgent calls to reduce the contributing factors to carbon emissions, rising sea levels, and rising temperatures. The UK has committed to reduce its CO2 emissions to net zero by 2050; and this commitment cascades to all markets, including property. This commitment is a great achievement for the UK, with it being the first first-world country to pass law to such a commitment. 

Sadly, the amount of greenhouse gasses produced from heating properties has increased since 2014. Heating our homes accounts to a staggering one seventh of overall UK emissions. Our increased use of fuel can be resultant from heat escaping from properties through walls, windows and ceilings during winter. Luckily, the Government have called an end to the rise in fuel consumption and are devising a plan to battle the emissions producing more energy efficient homes. They are behind an initiative called Future Homes Standard, which is planned to be in full operation by 2025. 

Having more energy efficient homes is a great ambition for all. It will lead to lower carbon emissions, reduced energy bills, and upgraded housing. In 2025, all new build homes will have to abide by the initiative to have clean technology to heat homes instead of the current fossil fuel burned for gas boilers. The construction sector and developers are at the heart of this revolution with their designs crucial to meeting this goal. 
 
The Housing Minister, Esther McVey, said that “industry has told us some homes built using modern methods can have 80% fewer defects and heating bills up to 70% lower. Homes built using modern methods can be of higher quality, greener and built to last. I want to see a housing green revolution.” 2020 is set for an environmental transformation, with the property market a strong contributor to this.



Easter Eggstaraganza 

Saturday 4th April 
 
Follow the Woodland Trail to find the Easter Bunny who's giving everyone free chocolate.

Click here to read Easter Eggstaraganza .



 



Buying a house vs buying a flat

 

If you’re thinking about buying a place of your own, you’ll need to decide which type of property you want to live in. 

While the price can often be a huge deciding factor, houses are not always more expensive than flats. Sometimes, choosing between the two depends on other factors. 

In this article, we’ll explore the differences between buying a house vs a flat and share our thoughts on the pros and cons to consider. 

What are the Pros of Buying a House? 

1.   You’ll Have More Control 

When you buy a house, you often purchase the freehold instead of the leasehold. With freehold ownership, you have more control over what you can do with and to the property. 

For example, you can decorate, renovate or extend your property without needing permission from a leaseholder. 

2.   You Should Have Free Parking 

Generally, buying a house means you’ll have access to free street parking or (if the property has a driveway) off-street parking. In flats, you often have to purchase a parking space – which can be a one-off or annual cost. 

However, be mindful that you may need to pay for a council permit to park outside some houses, especially if it’s near a station. 

3.   You’ll Have a Front & Back Garden 

Sizing varies, but almost every house has a back and front garden. 

This means you’ll need to do more maintenance. But, more importantly, it also means you can enjoy gardening, decorating your front garden, and having access to private outdoor space. 

What are the Cons of Buying a House? 

1.   You’ll Have More Responsibility 

Since you normally own the freehold when you buy a house, you’re responsible for maintaining everything related to the property. This can include upkeep of things like fences, drains, windows, boilers, gardens and the roof.

What are the Pros of Buying a Flat? 

1.   You’ll Have Less Responsibility 

Even though you still need to maintain your home, most flats offer leasehold ownership. This means that, while you own the flat, someone else owns (and is responsible for) the building. 

Within your lease, your ‘landlord’ may be responsible for things like cleaning the windows or arranging costly building repairs. 

What are the Cons of Buying a Flat?

1.   There may be extra charges 

When you buy a flat, there are normally more charges than a house. For example, you’ll need to pay rent and service charges (which can change annually) to pay for general building repairs. 

How to Decide Between Buying a House vs a Flat 

Choosing between buying a house vs a flat depends on many factors. 

Before you decide, consider the following: 

  • What can you afford?
  • How long do you plan on living there?
  • How much responsibility you want 
  • How important is outdoor space to you?
  • What parking access do you need?

If you need help deciding which option is right for you, we are your local property experts.  

Our friendly team are happy to discuss our properties and help you decide which one is right for you, contact us here!



This year's renovation ideas for increasing the value of your property

 
A good investment strategy is to increase the value of your home. 

Renovations and improvements to your house might increase its worth even if it's already on the rise due to the local economy. 

Even though the area's housing values are naturally rising, repairing and enhancing your home will increase its value. 

Our top five ideas can help you improve your home's looks and financial value when you sell it. 

1. Ensure that your home is in good working order. 

Deep cleaning your home on a regular basis is important, as is keeping an eye out for mould and dampness and addressing problems as they occur. 

Doing this means your home will be well-maintained and the cost of maintenance will be spread out over time. 

Once the time comes to put your property on the market, you won't have to worry about negotiating a price that's too low or risking it being unsellable because of a minor fault. 

2. Create and maintain front and back gardens 

Nearly one-fifth of homebuyers desire front and rear gardens as part of their purchase criteria. 

Bonus: You'll get to work out in nature and build a gorgeous home! You'll also get to kick back and enjoy the scenery! 

Tip: Nowadays, many individuals are looking for ways to live more sustainably. 

A fantastic place to start is with lush gardens, which provide a welcome respite from the stifling heat of the city. 

You may even think about setting up a kitchen garden, with a wall of herbs as an example, this can really assist with the marketing of your property because it's so easy to keep up. 

3. Enhance your property's personality 

Consider bringing back some of your character's best traits! 

Replace the flooring with hardwood, add mouldings and beams, or perhaps a fireplace or log burner if you prefer something a little more unique. 

These unique characteristics enhance the aesthetic appeal of your property and may even serve as a selling point in the future. 

For at least the sake of attracting buyers, these amenities will help your house stand out from the competition and help you sell it quickly. 

4. Increase the energy efficiency of your house. 

Improving your home's energy efficiency is essential if you want to increase the sale price and keep more of your hard-earned money in your pocket. 

Insulating your home and altering the main doors so that they are properly sealed is part of this process. If your windows are not double glazed, or if they are very old, as double glazing loses its efficiency with time, you will need to replace them. 

It's also possible that a new heating system is in order. 

The use of central heating is a common choice, but there are numerous more efficient ways to heat your home. 

You can save money on your utility bills and increase the value of your property if you make these renovations as soon as possible. 

5. A bedroom can be added at this point. 

There is no doubt that adding a bedroom to your home will raise its value. 

Because a two-bedroom home will never be as valuable as a three-bedroom home, it's a good idea to convert your loft if you have one that's large enough to do so. Add an ensuite for even greater effects! 

Add a home office or a playroom instead of a new bedroom, and you'll save a lot of money in the long run. 

To make the most of the extra space in your home, consider building a back extension. Both of these choices will appeal to working professionals and parents as remote working becomes more commonplace. 

Contact our experts for experienced guidance on enhancing your home's worth. 



Is now a good time to buy a house?

 

The pandemic has sparked a dramatic rise in house prices across the country, with properties achieving 10.4% more in December 2021 than they did the previous year. * This is mostly due to a smaller supply of desirable homes clashing with greater demand, changing lifestyle trends, lower mortgage rates, and the recent stamp duty holiday.   

With the market experiencing such rapid growth, is now the best time to move? While buying is undoubtedly a more expensive enterprise than in pre-COVID times, mortgage lenders are still offering some good deals – especially for those with a larger deposit.   

The Bank of England is also considering loosening some affordability criteria in the coming months, helping first-time buyers borrow more. While this could increase your buying power, it might stimulate prices too.   

If you’re thinking about moving soon but only have a 5% deposit available, you could take advantage of the Government’s mortgage guarantee scheme, which runs until the end of 2022. Nationwide has recently estimated that a 10% deposit is currently over half of a first-time buyer’s annual income, so the scheme is great news for those struggling to get on the property ladder.   

House prices may also slow in growth, but this depends on the impact of the Omicron variant and whether rising inflation, interest rates, and living costs squeeze budgets enough to affect the housing market.   

So far, sales have remained strong despite increasing economic pressures. The good news is that spring brings more homes to the market as people look to wrap up a sale before the summer holidays, helping to stabilise prices. Therefore, if you’re looking to buy within the next six months, now might be the perfect time to take the plunge.  

 

Ready to discuss your options? Contact us today.  

*Nationwide 



Things to consider before putting your home on the market

 
Deciding to sell your most valuable asset – your home – is an exciting moment. It can also feel a little daunting. However, you can prepare your property for success, even before launching to the market. Have you ticked any of these steps off your list yet? 

1. Declutter 

The chances are you have collected plenty of unwanted items over the years – from clothes and shoes to defunct mobile phones and old paperwork. By decluttering now, you’ll not only save on moving boxes, but also make your home more appealing to viewers. 

 2. Spring clean 

Once floors, shelves, surfaces, and wardrobes are clear, pull out your furniture to dust and vacuum, hire a carpet cleaner, and make those bathrooms gleam. If you have pets, remove any tell-tale odours or hair from the carpets and sofas. 

3. Refresh your décor  

Neutral colours may seem boring, but they give viewers a blank canvas to adjust to their taste. As well as this, your home will also appear brighter and bigger. Pops of colour or designer wallpaper on a feature wall can add interest, but less is more. If your design scheme is already on point, just make sure you touch up any tired paintwork.  

4. Tackle the to-do list 

Leaky taps, cracked walls, chipped tiles, and loose fittings can give your home a neglected appearance. This could leave viewers wondering what other issues they may encounter once they move in. If necessary, hire a professional to complete any lingering projects.  

5. Assess the lighting 

Poor lighting can make the most charming room appear dark and uninviting. A few well-placed lamps can help – just remember to stock up on lightbulbs too. 

6. Prepare for viewings  

Help potential buyers imagine themselves in your home by paring back on personal items such as family photos, magazines, and toys. Get ready to stage your home too – think crisp prop towels for the bathroom, new linen and cushions for the bedrooms, and fresh flowers or houseplants. 

7. Boost kerb appeal 

We all know that first impressions count. If you have a front garden or drive, make sure it’s clear of debris and freshly weeded or mowed. Attend to any broken or missing roof tiles and damaged guttering, and think about cleaning windows and repainting the exterior. 

8. Consider storage options 

If you have a lot of furniture or treasured belongings, why not put some into storage? This will help you clear the decks and get your home ready for staging and viewings. It could also come in handy when you move. 

9. Research potential estate agents 

Now that you have given your home some TLC, it’s time to shortlist a few local estate agents. Pay attention to the marketing the agent provides for their current listings and follow your gut. While the big names may tempt you, don’t rule out smaller independents who may offer a more personal service. 

10. Get your home valued 

Before you make your final decision, it’s a good idea to invite a handful of agents to value your home in person. This is your chance to find an achievable price point for your property and get a feel for the people who will be representing it.  

Our team are always here for a no-obligation chat. Contact us today. 



EXCLUSIVE STORY: Lifestyle and space continue to drive buyer decisions

Over the past two years Covid restrictions and laws have governed how people have lived their lives. Calls to work from home have had a huge impact on the property market with many people moving further...

Click here to read EXCLUSIVE STORY: Lifestyle and space continue to drive buyer decisions.



New Life on the Farm

This February half term meet the new arrivals at the farm including piglets, chicks and goat kids. Also help bottle feed our lambs and maybe see a lamb being born in the Lambing Live Tent.

Click here to read New Life on the Farm.



Wedding Open Day

Come along to our next Wedding Open Day on Sunday 20th February. The Garrick Suite will be fully dressed for a wedding reception and you can to our experienced wedding...

Click here to read Wedding Open Day.



Mad Hatter's Tea

Thursday 9th April 
 
Enjoy an afternoon tea in the school holiday's with fun, craziness, singing and dancing.

Click here to read Mad Hatter's Tea.



Wedding Open Day

Sunday 19th April 
 
If you are planning a wedding for 2020 or 2021 this wedding day is a perfect chance to see dressed rooms.

Click here to read Wedding Open Day.