Your Bill Tandy monthly property newsletter!

Your Bill Tandy monthly property newsletter!


This January, if you're looking to sell your home, why not find out why January is a great time to sell. For our renters, we take a look at the article below to discover what to expect in the buy-to-let market this New Year.

Under the current financial climate, why not browse our money saving tips for this January. And finally, don't forget to take a look at our top tips to beat the January blues this month, and take care of your wellbeing!

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 our top tips for relocating in 2023, and a guide to preparing your home for a sale.

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.

 



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.



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.



What to expect for the buy-to-let market in 2023

 

As we approach the end of a turbulent financial year, many landlords in the UK will be weighing up their options going into 2023 and debating whether to remain in the buy-to-let market. Despite an uncertain economic outlook, we can take a look into what’s happening right now and decipher whether or not buy-to-let will continue to be a worthwhile investment going forward.

 

What’s happening to buy-to-let mortgages?

In the fallout from former Chancellor Kwasi Kwarteng’s renowned mini-budget, just like the rest of the market, buy-to-let loans took a hit.

 

The number of available products decreased to just 988 different deals in the wake of the announcement, compared with 1,942 before the mini-budget, according to Zoopla.*

 

This is due to interest rates increasing significantly since the beginning of the year as a result of the hikes to the Bank of England’s base rate, which is the official cost of borrowing.

 

However, the mortgage market is currently in state of flux. Rates have slightly fallen after some market confidence was restored by the appointment of Jeremy Hunt as the new Chancellor, and they may fall further as the cost of government borrowing continues to drop.

 

Are any new regulations being introduced in 2023?

The government has pledged to introduce the Renters Reform Bill, which includes measures to protect renters from unfair rent increases and evictions. Homes will also have to meet minimum standards and it will become easier for renters to have pets.

 

The changes are centred around improving the quality of homes in the private rental sector, with the government estimating that 21% of properties are currently unfit.

 

However, the new bill will not lead to significant extra costs (if any) for landlords who already maintain high standards.

 

What’s happening with rents?

Rental rates are currently rising in line with mortgage rates. Data from Zoopla’s latest Rental Market Report found that new rental rates have increased by £115 during the past year to average at £1,051.*

 

This sharp spike is due to the disparity between supply and demand in the sector. With too many landlords exiting the market due to uncertainty, there are too few properties available in the private rental sector to catch up with current demand.

 

The number of rental homes on the market is currently around half the level seen during the past five years.* Meanwhile, the rate of demand for a rental property is around 142% higher than five years prior, according to Zoopla.*

 

We can expect that the trend of demand outstripping supply is likely to continue into 2023, putting further upward pressure on rents.

 

Should I purchase a buy-to-let property?

Those looking to invest should not be deterred by the current conditions. In fact, with rental demand soaring, first-time buyers postponing their step onto the property ladder for the time being, and rents reaching new highs, you are likely to be in a strong position if you choose to invest now.

 

What’s the outlook?

The buy-to-let market – like the rest of the market – is likely to encounter a few ‘bumps’ in the coming year as a result of hiked-up mortgage rates and the cost-of-living squeeze.

 

But with demand far outweighing supply for rental homes, and strong rent increases expected going into 2023, property investment remains a safe bet over the long term, in spite of any short-term hurdles.

 

If you’re interested in letting your property, contact our team today for advice. 

Zoopla*



Why January is a great time to sell 

 

January is a time of clarity, after shaking off the tinsel and pine needles, it’s the time to return to everyday life with intentions of improving it – which is why plans for moving often come into fruition at this time of year.

 

If you have some reservations about putting your house on the market so soon after Christmas, here are some reasons not to worry and why in fact, January could be the perfect time to sell…

 

New Year, new home

Buyers on the market at this time of year have a completely different mindset than usual. January can feel like a page turned for many people, with plans for a new life right in the margins. You’re less likely to run into time wasters and tyre kickers in the New Year. People looking for a home at this time are serious about their plans, and if your home happens to match their criteria; you’re in luck.

 

Boast your home’s best features

Smart buyers will look for a home in the winter. Not only to avoid the summer frenzy, but also because cold weather is far more revealing, and homes can potentially look their worst in the winter. However, this is a great window of opportunity for sellers. Your agent will be able to showcase the comforts of your home with staging so that your bright, warm and welcoming house contrasts against the dark and cold. A cosy refuge from the cold that holds up nicely in the Winter is bound to look even better when the weather cheers up, and this prospect is certain to draw in buyers. 

 

On the move

In the wake of the holiday season, January is known for being the busiest time of year when it comes to employee redistribution and staff changes. With many people working from home, a change of job may be the push needed for a change of working environment; instead of moving offices, people will be moving to new homes with better office space. 

 

Now is also the perfect time for first-time-buyers to take their first step onto the property ladder. After spending Christmas indoors with family or in a small apartment, a change in environment could be just the thing they need. 

 

Less competition

The winter months are a great time to put your house up for sale, particularly in January when the seasonal lull is still wearing off and fewer properties are on the market. You won’t need to fight for buyers’ attention, and the imbalance of supply and demand could be great news for sellers, as buyers know their options are fewer. It’s also easier to make your home stand out from a (smaller) crowd of homes on the market, and if yours has something special to offer, it won’t stay on the market for very long. 

 

The green element

EPC ratings are becoming increasingly important, and the cold weather will allow you to show off your home’s energy efficiency. Buyers are becoming more conscious about energy bills and individual environmental impact at the moment, and a cosy property with an impressive EPC rating has never been more attractive to buyers than right now. 

 

Ready to get your home on the market? Speak to our team of experts today to get started.



Shenstone, Lichfield, Staffordshire

Richard Cooper Road is set in the ever popular village of Shenstone, this deceptively spacious semi-detached dormer bungalow, situated on a large mature...
 
SOLD

Click here to read Shenstone, Lichfield, Staffordshire.



Elford, Tamworth, Staffordshire

The elegant accommodation layout enjoys a most attractive design and provides superb accommodation including five double bedrooms. The quality of the accommodation is matched by the delightful...
 
SOLD

Click here to read Elford, Tamworth, Staffordshire.



Relocating in 2023

Whether you are looking to relocate for work or you’re seeking out new horizons, packing up your belongings and waving goodbye to your...


Click here to read Relocating in 2023.



Preparing Your Home to Sell: What Not to Do

Selling your home can be surprisingly time-consuming and emotionally challenging...

Click here to read Preparing Your Home to Sell: What Not to Do.



Beat the January blues with these financial tips

 
You'll know it's that time of year again when the Christmas tree is taken down, the fairy lights are put away in the loft, and the kids start going back to school. The festivities comes to an end. No matter how different your most recent celebrations were, it can still be tough to adjust. And even if your gatherings were small, the cost may still have been large. The third Monday of January is often known as ‘Blue Monday’, said to be the most depressing day of the year. To help you get through January and put yourself in a better financial position for the rest of the year, we've compiled some helpful advice.
 
1. Set your financial goals
 
It's crucial to identify your goals and create a plan for the coming year before you start thinking about your finances. We all know that the time after Christmas and the New Year can be strange, but during these times it might seem even stranger. It's cold and dark now that Christmas has passed, and you'd much rather watch TV than deal with your finances. However, by easing into it, you can ensure that you're in the right frame of mind for the upcoming year. It's also a good way to start reviving your financial situation. You might begin feeling better if you take action, such as paying down debt or making a spending plan to put your finances back on track.
 
2. Shop more wisely
 
Making more informed purchasing decisions can help you stay within your spending limit and work toward your financial objectives. It doesn't have to be a depressing month. The January sales are among January's best features. And you don't even need to leave your house to enjoy them. By being a savvy shopper, you could shop on a cheaper budget. The January deals tend to span from retail and food to even holidays so you can look for a deal that works best for you. By organising your finances from the beginning, you'll be able to determine how much money you might have available to spend on shopping, allowing you to stick to your plan.
 
3. Have a clear out
 
It's a good idea to get rid of old items that you don't need in the new year. Perhaps you currently have a cupboard overflowing with clothes, some of which you haven't worn in over a year, or a drawer full of socks. Decluttering your home is a useful way to get your house in order if you feel like you have too much and nowhere to put it, which can make you feel more blue in January. You could sell your used and unwanted items online to make money, or you could donate the items to a good cause. You might have a clean, organised home as well as a small boost for the month that will help you move closer to your financial objectives.
 
4. Take care of your wellbeing
 
The beginning of a new year frequently inspires people to make resolutions to improve their health. With campaigns like Veganuary and Dry January, it's a good idea to seize the advantages of leading a healthier lifestyle. By taking on one of these challenges, you might not only improve your health but also save money, giving you more time to concentrate on the important things you have planned for the upcoming year. A less expensive way to keep yourself busy is to stay active. You can decompress by engaging in a low-cost activity like walking, running, or riding a bike. A healthy body (and bank balance) can be key to a healthy mind.
 
 



Tips to help you save money this January

 
 
We know budgeting for this long cold season will feel more daunting than ever but it doesn't have to be all doom and gloom! There are ways you can cut back on some costs with just a few small changes, and that's exactly what we're here to share today..
 
1) Decrease the heat in your home by just one degree. Depending on your provider, turning down your heating by just one degree could result in an £80 annual savings if you frequently use it. The difference in temperature in your home won't likely be felt, but the extra money in your pocket will be felt immediately!
 
 
2) Pay attention as you fill the kettle. Even though it might seem insignificant, only boiling the water you actually need will result in substantial long-term energy and financial savings. Therefore, if you're just making one cup of tea, don't fill the kettle all the way.

 

3) Prepare your own lunch and cook in bulk. Making hearty soups, comforting stews, and hearty casseroles in bulk allows for significant cost savings, especially during the winter. As opposed to cooking multiple meals each day, preparing portions for each day can lower your energy costs and save you money on supermarket meal deals and quick lunches. Win-win situation!

 
4) Choose your workspace carefully. The right room in your house could save you a tonne of money on your energy bills when you work from home. You'll find that you need to turn on the room lights much less frequently if you consider the areas and rooms that receive the most natural light. You might also discover that certain rooms are naturally warmer than others at different times of the day, depending on how your home is set up.
 
 



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.