Bill Tandy property update

Bill Tandy property update


This November, if you're looking to buy a new home, make sure to avoid these mistakes when searching for your new property. For our renters, we take a look at the article below to discover how much rents are increasing in the capital this year.

And, if you're considering a sale, why not find out how much the property market has changed over the last 50 years? Finally, if a relocation isn't on the cards this Winter, let us help you get the best out of your home; discover our top tips to get your home ready for the cold Winter ahead.

Have you considered selling your home? Book an appointment with Bill Tandy for a valuation now!

We're also providing you with some bespoke pieces from our blog. We cover top tips to decorate your home this Christmas, and how to be a good landlord during this festive season.

We hope you enjoy this month's edition of our newsletter.



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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 .



 



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. 



Mistakes to avoid when buying a property

 

Whether you’re a first-time buyer or a homeowner who’s ready to take another step up the property ladder, buying a house is a big decision, with an equally large scope for making errors. To help you get off to the right start when looking, here are the key mistakes to avoid when buying a property.

 

Not having an agreement in principle

 

A mortgage agreement in principle is a conditional offer on a mortgage, this is based on an income and credit check. You may be asked for one by an estate agent before even being able to book a viewing, to prove that you are serious.

 

You should have an idea of how much you might be able to borrow from the bank or building society before you start viewing properties. This will help you establish your budget and find properties within your price range. Your due diligence will also ensure that estate agent and seller will take your offer more seriously.

 

Only looking at superficial details

 

A property can seem ideal at first glance, but it’s important to check for any issues which might be costly to fix or maintain. You should always check walls and appliances around the home to ensure that everything works as it should.

 

Remember to check for signs of damp and rotting window frames, test the flush on the toilet, and don’t be too shy to turn lights on and off to check the electrics.

 

Not researching the area

 

If you’re relocating for your dream home, make sure you research the area fully before putting in an offer. Local amenities and the community can be just as important to your lifestyle as the home itself. Check the local crime rate statistics, talk to neighbours if you get a chance, and look up local schools, shops and any facilities you’ll need close by.

 

Underestimating overall costs

 

While it’s a great idea to focus on saving up enough for your house deposit, it’s important to remember all of the additional costs involved in buying a home. You’ll need to factor solicitor fees, survey and valuation costs, as well as home insurance before you can comfortably take your first step onto the property ladder.

 

Not acting quickly enough

 

If you’ve found the perfect property that works for you and your budget, try not to spend too much time twiddling your thumbs and mulling over the decision. If you overthink things and weigh up other options for too long before putting in an offer, you could see your dream home get snatched up by another buyer.

 

Acting too fast

 

While acting too slow isn’t advisable, rushing into things is no better. If you make a snap decision with little research beforehand, you could end up in a home that doesn’t realistically fit your budget on a monthly basis and even worse, doesn’t fit your needs.

 

Take some time to picture yourself in the house and conduct as much research as possible until you feel happy to make an offer. You should never make an offer solely because you feel pressured, as this will ultimately lead to regret.

 



Average UK rents rise to £1,159 PCM

 

Houses aren’t the only things seeing a rise in prices, as every area of the UK recorded a growth in rent prices during September. Greater London alone saw a 2.5% increase, which helped to drive the average rent in the UK to £1,159 per calendar month. This is a notable 1.4% rise from the previous month.

 

Data from lettings insurance company, HomeLet, reveals that average rents across the UK (Excluding London) now stand at £971 PCM, a jump from 1% between August and September. Their Rental Index also found that the North-East saw the second largest monthly variance, with rents rising by 2.4% between August to September, boosting the average rent up to £609 PCM.

 

These figures are from data on achieved rents for just-agreed tenancies arranged in the most recent period – this provides a detailed insight into the lettings market, its current trends and consumer behaviour across the UK.

 

Why are rents rising?

 

UK rental growth has long been driven by mounting rental demand, and increasingly limited supply. This creates a cycle, whereby rising rents mean tenants are staying put, rather than moving to a property where they could end up paying more rent - contributing to the lack of supply which drove rents up in the first place.

 

Zoopla found that tenants are staying in rental properties for an extra five months in 2022, compared to five years prior.

 

Rightmove also acknowledged the same phenomenon, and noted that the number of new rental listings peaked for the year in June 2022.

 

Tim Bannister, Rightmove’s director of property data, said: “A shortage of rental homes and strong demand for the properties available has led to a greater number of tenants choosing to renew their leases and stay put, rather than re-enter a competitive rental market.”

 

“People who had been waiting to see what happened last year are now being faced with record rents, and so are seeking out properties where they can have more certainty over their outgoings, with all bills included becoming increasingly sought after.”

 

Will rent prices go down in 2023?

 

Most experts forecast that rents will continue to rise into 2023, albeit at a slower pace, as the cost-of-living crisis continues to take its toll on household incomes.

 

But, the localised element of the market means areas where demand is at its highest, could see rents continue to grow.

 

Rightmove’s Tim Bannister stated that it will take time for the difference between demand and supply to level out to see rents fall.

 

“The story of the rental market continues to be one of high tenant demand but not enough available homes to meet that demand,” he noted.

 

The wide gap that has been created between supply and demand over the last two years will take time to narrow. Until then, this imbalance will continue to support asking rent growth. This has led to our revised forecast of an 8% rise in asking rents by the end of the year up from 5%.”

 

As demand rises, is your portfolio expanding? Let us help you. Our fully managed service takes the stress out of letting - find out more today by visiting our website.

 

*HomeLet

** Rightmove



What has happened in the property market during the last 50 years?

 
It’s no secret that today’s property market is thriving at peak buoyancy, with record house prices and demand going through the roof, which is why it’s easy to overlook the history of the market which brought us to this point. However, while the market reaches a fruitful era for both buyers and sellers, there are notable periods of buoyancy over the last 50 years which could put things into further perspective.
 

While the market continues to change and grow in today’s climate, in order to look forward and predict future trends, it’s important to look back. New research from GetAgent tracked house price data going back as far as the 1970s, adjusting for inflation, to see which decade has been the most fruitful for the nation’s homeowners. *

 

The research delves back into January 2010, when the average UK house price was £167,469, and climbed to £231,792 by the end of the decade at a 38.4% increase. However, after adjusting for inflation, the rate of house price growth recorded between January 2010 and December 2019 sits at around 14.8%, which was the second lowest rate of house price growth in any of the past five decades.

 

In fact, it’s only been the 90s, when the market has posted the worst performance, with house prices increasing by just 9.7% after adjusting for inflation.

 

The noughties was by no means, a bad decade for homebuyers, but it still ranks just third where inflation-adjusted house price growth is concerned, with the average UK house price rising by a notable 66.8%.

 

The research placed the 70’s in second place of the ranking, with house prices climbing by 69.8% after adjusting for inflation, leaving the 80’s to be crowned the best decade to have bought a home.

 

After adjusting for inflation, the average UK house price was just £66,783 back in January 1980. By the end of the decade, the cost of buying bricks and mortar had climbed to £127,207, a 90.5% increase.

 

Colby Short, Co-founder and CEO of GetAgent.co.uk, commented: “There’s plenty of reasons why we may argue one decade was better than the rest, but when it comes to house price appreciation, the eighties takes it by some margin.”

 

"Even after adjusting for inflation, today’s generation of homebuyers may well find it unfathomable that the average home cost just shy of £67,000 back in 1980. So, while today’s buyers have had to contend with some of the lowest levels of housing affordability in history, they may well spare a thought for those who saw the cost of buying increase at such an alarming rate during their lifetime.”

 

"With the market currently running red hot and no end in sight despite the wider economic landscape, it will certainly be interesting to see where we finish by the end of this decade, and if the eighties will finally be relieved of the crown when it comes to the highest rate of house price appreciation in a single decade.”

 

Do you know how much you could achieve for your home? Book a valuation with our local experts today.



Winterproof your home with these tips

 

As autumn leaves us and dark evenings approach, now is the best time to start preparing your home for the cold months ahead. Cold and damp weather can put a strain on our homes, so it’s important to have a few precautions in place to avoid unnecessary maintenance costs later down the line, in what is already set to be a challenging financial period.

 

High demand for professional tradespeople can lead to weeks of waiting to get work done, should you find your home is suffering from the onslaught of cold and wet weather conditions. So, planning ahead will help you avoid a facing winter without hot water and a leaky roof.

 

Boiler check

 

The last thing you need during the winter months when the house needs heating and waiting times for maintenance are longer than usual, is your boiler to have issues. Be proactive and get your boiler checked now, before it has to face the depths of winter.

 

Brick work

 

One issue that is often overlooked ahead of winter is inadequate brickwork pointing. This can become a major issue over time as it allows water ingress, as well as leaving your home susceptible to frost damage and damp. These issues will become far more prevalent during the winter months, as more favourable weather in the summer allows them to go unnoticed. It costs on average £50 to £60 per square metre to repoint your brick work, however the waiting times will only lengthen as the temperatures drop. Therefore, acting now before the cold and wet weather arrives will put you in good stead.

 

Roofing

 

Much like brickwork, problems with roofing tend to emerge more prevalently in cold and rainy conditions. Missing or cracked tiles are frequent problems that can lead to further issues in the home. Getting a roof inspection or necessary repairs can take as long as four weeks before the right tradesperson is available, so it’s important to take a proactive approach rather than wait for more serious damage to be done.

 

Water pipes

 

The winter months can take a toll on your water pipes, with low temperatures resulting in blocked, burst or frozen pipes. Insulting your pipes or fitting pipe jackets can be done for as little as £50, which is a huge saving compared to fixing the aftermath of a burst pipe. Any length of time without water in your home is a considerable wait, so sorting your water pipes now will save you a lot of trouble later.

 

Windows and doors

 

Minor misalignments of windows and doors may not seem like an issue, but your home could lose a considerable amount of heat, and rainwater has a better chance of entering your home. While the latter will cause damage from dampness, heating the home efficiently will become a much more pressing issue as we approach winter, and the cost of energy continues to rise. A general inspection or replacing a double-glazed window will require an upfront cost, but it will more than pay for itself due to the money saved on heating your home this winter – so long as you act now.

 

As we near the end of 2022, have you been thinking about selling? Book a valuation with us today.



Top Tips to Decorate Your Home for Christmas

It’s beginning to look a lot like Christmas, and if your home isn’t ready yet, it is time to get the boxes out of the attic...

 


Click here to read Top Tips to Decorate Your Home for Christmas.



How to be a Good Landlord During the Festive Season

Christmas is the time to gather with family, relax around the fireplace and enjoy some time off, but before you do, you will need to make sure...

Click here to read How to be a Good Landlord During the Festive Season.



Vale Close, Lichfield, Staffordshire

Properties on Vale Close rarely become available, and for this reason we strongly urge prospective purchasers to take full advantage of this rare occurrence to live in one of Lichfield's most sought after settings.
 
£795,000

Click here to read Vale Close, Lichfield, Staffordshire.



Swallow Close, Alrewas, Burton-on-Trent, Staffordshire

Bill Tandy and Company are delighted to offer for sale this two storey mid- mews property forming one of a block set around two courtyards believed to have been totally rebuilt to replicate the original barns.
 
Offers in region of : £400,000

Click here to read Swallow Close, Alrewas, Burton-on-Trent, Staffordshire.



Mad Hatter's Tea

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

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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.