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INSTANTLY UNLOCK THE HIDDEN EXTRA VALUE BY SHINING A LIGHT ON ALL THE EXISTING FEATURES
Not every home sells for its full potential value, and that’s often because the finest features are either hidden or under-presented. But you can add many thousands to your sale price simply by showing off what’s already there.
Even though furniture and styling play their part, buyers are ultimately paying for the fabric of your home, and that’s how estate agents, mortgage lenders and surveyors will appraise the value of your property.
So it makes sound financial sense to make the most of what you’ve got by highlighting all the existing character and space. When you get it right, it’s a surefire way to wow your buyers, from stunning photography online to a fantastic viewing experience. And in this week’s blog, we’ll show you how.
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SET YOUR TENANCY UP THE RIGHT WAY AND KEEP YOUR PROPERTY LEGAL
Just like every industry, the lettings world has its own particular lingo to master, with plenty of phrases, abbreviations and rules to keep in your head.
From staying on the right side of the law to protecting your property and keeping your tenants safe, there's a lot to know as a landlord, and plenty of responsibility too! Even experienced landlords can lose track with ever-changing lettings laws.
So with that in mind, and whether you own a property to rent in Liverpool, or somewhere else in the UK, we’ve put together a two-part blog with all you need to know to bust lettings jargon. This week is about starting off on the right foot to set your tenancy up the right way and keep your property legal.
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OUR TOP TIPS TO BUILD A PORTFOLIO OF FIVE OR MORE BUY-TO-LETS
2022 saw the highest proportion of property sales to investors since 2016, with landlords accounting for 12.2% of the market. Surprised? Well, it's not so unbelievable when you look at what’s happening.
- Interest rates have dropped since their spike after the mini-budget, with buy-to-let mortgages now available from 3.09%.
- House prices have fallen back, giving landlords a much better shot at getting a great deal with an instantly higher yield.
- Rents have risen sharply because of intense competition among tenants.
Many existing landlords are taking the opportunity to expand their portfolios again, and if you're reading this blog, you could be thinking that 2023 is the year you begin your buy-to-let journey. But where do you start?
Well, there’s plenty to learn, from raising the money to having the right people around you, avoiding classic mistakes and picking the perfect rental property. But don’t worry: we’re sharing everything you need right here to build a portfolio of your first five rental homes, and beyond!
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FIVE REASONS WHY YOU'RE BETTER OFF SELLING YOUR HOME WHEN PRICES COOL
How do you feel about the property market right now?
It's peak prediction season in the press, with daily claims from experts that house prices are about to fall off a cliff, stagnate or even slowly rise. We know that most of these predictions will be wrong, but which ones?
The first thing to remember is that asking prices and sale prices are not the same thing. If a home is 10% overpriced and then reduced by 10%, that isn't a fall in sale prices.
So what is actually happening?
One thing we can say for sure is that house prices have stalled, and the market has changed. But how does that affect you if you’re planning to sell your home?
Well, you probably won't have queues of buyers down the street, or multiple offers over your asking price. But then, you’re unlikely to face that on the home you want to buy - an absolute godsend compared to the stressful scrums of 2022.
The best time to move is always when it's right for you, but in case you feel you missed the boat by not selling last year, here are five reasons why you could be better off selling your home when prices cool.
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WHICH HAS THE PROFIT, FREEDOM AND SECURITY THAT'S RIGHT FOR YOU?
“Being a landlord might still pay better than a pension” - that was the arresting headline in The Telegraph that caught our attention recently.
Pensions have certainly been squeezed, with workplace pension pots shrinking and inflation eating into returns. Meanwhile, buy-to-let is regularly portrayed in the press as no longer viable, despite research from Hamptons revealing that the average rental yield of 6% is 50% higher than the 4% of pensions.
So who and what do you listen to if you want to start planning for your future?
There's no replacement for hearing things straight from the horse’s mouth, so we’ve gathered some thoughts from our landlords on why they choose buy-to-let. We’ve also included some useful facts that don’t always make the headlines so you can see what feels right for you.
This week's blog doesn’t constitute financial advice, and you should speak to an expert before choosing a pension or investment. But if you’re on the fence about becoming a landlord or whether to expand or offload your lettings portfolio, we hope you find some clarity to start 2023.
Why sell or let with us?
Here are some of the reasons why you should choose Homelets to sell or let your property:
- Dedicated Local Experts
- 24/7 Contact
- No Commission
- No Sale No Fee
- Accompanied Viewings
- No Let No Fee
Submit a valuation opposite or call us on 0151 280 4047.
