There’s no doubt that the property market is cooling after the unsustainable pandemic levels. While the interest rate and inflation have served to moderate buyers’ plans, property values are naturally returning to more sensible levels. Equilibrium is being provided by falling mortgage rates.
Move or improve? It’s a conundrum many homeowners face when the property market changes. For those thinking of staying put with an idea to extend, convert or perhaps replace their kitchen, it’s worth pricing up any improvements before you commit.
In August 2023, the National Trading Standards Estate & Letting Agency (NTSELA) team updated its guidance to consumers and property professionals regarding how a property’s status is described during the marketing process.
After questioning more than 2,300 UK-based homeowners, residents and tradespeople, the Rated People Home Improvement Trends Report 2023 found this year’s most popular home improvement job will be painting and decorating. And why not? It is relatively quick and easy to change the aesthetic inside our homes with a tin of Dulux and some new accessories.
July is a month when people are away on annual leave or are juggling school holidays, and home moving activity usually reflects this. In the last four weeks, however, Rightmove found buyer demand remains strong. In fact, it’s currently 3% higher than the same time in 2019.
Getting ready to sell your home usually involves clearing out, tidying away and sorting out. Surprisingly, the ancient art of feng shui closely mirrors the above and its principles can help you prepare your property for sale. We explore exactly what feng shui is and single out the best bits of advice for home sellers.
Traditionally, home improvements would encompass new bathrooms, new kitchens and replacing pebble dash exteriors for smooth render but the green agenda has seen our property ‘to do’ list undergo a makeover of its own.
If you love following an interior design trend, your luck is in. Bloomcore is gaining in popularity just as summer reaches its zenith. This botanically-led aesthetic is already trending on social media, with 2.5 million TikTok views, and rising, under the #bloomcore hashtag. Now style bibles Ideal Home and House Beautiful have started reporting on the design movement.
While it was the hottest June since records began, the property market started its summer cool down early. Rightmove cited the new 5% interest rate as a reason for earlier-than-usual changes. Its June headline revealed the first monthly drop in asking prices in 2023.
Problems with Japanese knotweed are well documented, with this invasive species sometimes preventing buyers from getting a mortgage on an affected property. While home movers are busy keeping an eye out for Japanese knotweed, they may be overlooking a different horticultural threat.
Fed up of conventional flower beds? Looking for something more than a lawn? Why not try a revived garden trend – the stumpery?
When it comes to getting a property ready for sale, there is a recommended set of presentation steps to follow: declutter, depersonalise and redecorate. On the latter, it’s advised that vendors step back and look at their walls, ceilings and woodwork to see what condition they’re in.
Subscribe to receive the latest property market information to your inbox, full of market knowledge and tips for your home.
You may unsubscribe at any time. See our Privacy Policy.
