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Welcome to your July newsletter!




Why letting agents could hold the keys to success for landlords

 
The buy-to-let market is undergoing many changes. Demand and rental prices continue to grow, with average asking rents outside of London rising for 13 consecutive quarters at £1,190 per calendar month, for new tenants during the first quarter of 2023. * This is good news for landlords because the increasing costs of interest rates and energy efficiency reforms are covered, and profits remain strong. Many of these changes and reforms can feel unsettling for landlords, which is why a good letting agent has never been more important. This is because, in order to protect your rights as a landlord, your property needs to be managed properly.

The Renters Reform Bill
This is on most landlords’ minds now and a cause for concern, but it needn’t be. Introduced to Parliament on May 17, 2023, but not expected to become law until October 2024. Its aim is to improve the lives of 2.3 million landlords. ** Section 8 will be strengthened, which allows landlords to end tenancy agreements early if they have good reason to do so. Despite the fears some have expressed about abolishing Section 21 "no fault" evictions, the reality is that it will make it easier for landlords to evict tenants for anti-social behaviour and repeated missed rent payments. And with the new legislation in place, landlords can insist on their tenants' pets having pet insurance, certificates, and, in the case of dogs, being microchipped. Landlords will be able to increase rents after a notice period. To make the most of this reform, landlords need to be compliant. By staying on the right side of the law, the law will protect you, ultimately helping you thrive as a landlord.

Referencing tenants
Agents have a database of tenants waiting to rent your property. But they will not do so unless the right screening process has been followed. Placing good tenants in your property is imperative and reduces the risk of any tenants who could act unlawfully while renting your property.

Experts on the property market
Agents know how to maximise your rent by understanding the market. From knowing which areas to invest to tips on making the most of your property. Expert agents who deal with tenants every day can protect your investment by understanding the competition and the latest trends.

Maintaining your property
Your property will be kept in tip-top shape by a team of reputable contractors who have a long-established relationship with your agent. Arranging inspections will give you peace of mind, and keeping your tenants happy will save you time and money by preventing costly repairs.

Preventing and sorting any disputes
By using an agent, your property, contract, and tenant placement processes will be kept compliant on all levels. This reduces the potential for any disputes, and if they do arise with an agent’s team behind you, any conflicts will be resolved quickly.

Time management
Managing property can feel like a full-time job; perhaps it is. From marketing to maintenance, contracts to conflicts, agents will save you time, stress, and worry. This frees up your time so you can concentrate on other aspects of your life, such as expanding your property portfolio while protecting your investment.
 
Excel as a landlord and embrace the changes that open doors of opportunity by contacting us today.
 
Rightmove*
GOV.UK**



How do the summer holidays affect the property market?

 
The early summer months are traditionally a busy period for the UK property market. It’s a gorgeous time of year to view an abundance of beautiful properties. Many people are on the move. While it’s still a hive of activity with a huge choice of homes, the property market takes a little summer siesta as homeowners take a holiday. This gives you a chance to make your move. But don’t be fooled into thinking it will last for long, so if you want to take advantage of it, you need to be quick.

The summer property market is resilient
The summer market is vibrant, with the average new seller asking price falling by just £82 (-0.0%) in June to £372,812.* Despite the various challenges, including rising interest rates and the cost of living, the property market is resilient and in good shape. This change in prices is negligible in percentage terms, and a side-step can be a healthy pressure release that allows the property market to cool off.

View your ideal home from the beach
Sometimes getting away from it all can help bring about clarity of mind, which is very useful when you are making big decisions. Perhaps the beach or poolside is the perfect place to peruse your potential properties. And a good time to discuss your big move with your partner while you are away from the hustle and bustle of everyday life.

Enjoy quieter roads to your new home
With schools closed for the summer, the roads become quieter, and you can drive to viewings with less stress. This means you can relax a little more and take a bit more time to enjoy your viewings. With an increased sense of calm, talk to your agent, who will expertly guide you through your potential new home and anything that helps you with your home move.

Leave your agent to sell your home while you take a holiday
Hop on a plane, boat, or if you’re jumping in the car to drive to your holiday, whatever you are doing if you have made the decision to sell, leave it with your agent and enjoy your holiday. Perhaps by the time you return, your house will be sold.

Make an offer with less competition
With fewer people around, you may be able to open the door to making an offer below the asking price and getting it accepted before others have even viewed the property in question.

It’s the perfect moving season
With more family members to assist your big move and longer, warmer days to enjoy once you are settled in, the summer is perhaps the best time of year to move. And you may be able to save some money on home removal costs with more hands to help. If you hire a removal company, you may find it easier to find the right help.

Enjoy your new home
When you have finally moved into your new home, you may still have time to make the most of it during the warmer months of the year, when utility bills are a little lower. Any outdoor improvements, from weeding the garden to adding to your outdoor spaces and simple maintenance, can become a joy rather than a chore.
 
Take advantage of the summer holidays and find the home you love. Browse our properties.
 
Rightmove*



Why buying a bigger home could be better

 
Perhaps you need more space for your dogs, horses, or hobbies, and you want a house in the country. It could be that you are moving to the suburbs or need more space for your growing family. Whatever your reasons for buying a bigger property, now could be a good time to take the plunge so you can upgrade your home and enhance the quality of your life.

You could get more house for the same money
If you decide to move from an urban area to a more rural location, then you may be able to get the house you have always wanted for the same price as your current home. At the very least, your money should go further.

You could get a bigger discount
Demand for bigger homes in May was 1% lower than it was in 2019, compared with first-time buyer homes at 6%, and homes that fall between these sectors at 3% above 2019 levels.* Larger homes have always had greater scope for bigger discounts on asking prices. But right now, with the market favouring smaller homes and larger homes selling a little more slowly, you may have quite a lot more haggling power when it’s time for you and your agent to make an offer below the asking price.

Larger homes can be very energy efficient
Modern homes have become so much more energy efficient. With better insulation and the potential to create self-sufficient energy sources, you no longer have to dread monthly bills. So, running a bigger home is not as expensive as in years past.

Bigger rooms and more of them
You will have more space for friends and family to stay over. You could get a lodger to provide another stream of income or if you need extra space for new additions to the family. Maybe you want a gym or a hobby room or are looking to create the perfect work-from-home space with an awesome view.

A beautiful garden with more potential
Finally, you can have the garden you have always wanted, and this is where your only limitation will be your imagination. Inspiration is everywhere, and there is so much more you can do with more space. From creating great outdoor spaces and dining areas to tropical gardens.

Larger entertaining spaces
When it comes to those special times of the year—indoor and outdoor parties—the options larger homes offer are endless. You may want to create a games room, a bar, or an awesome indoor entertaining area that effortlessly flows to a magical outdoor area.

The garage or workshop
If working from home involves more than a computer screen and a phone and you need a workshop or a garage for your classic car or hobbies, then your budget could allow you to enjoy more scope for outdoor buildings.

Create multiple dwelling places
Bigger properties can easily be divided up into smaller properties. Whether you are creating a space for a teenager or an elderly relative. Perhaps you are interested in letting a room or creating flats for a buy-to-let business.
 
Browse our properties to find the home that fits your requirements perfectly.
Rightmove*



Art in the Park 5th to 6th Aug 2023

Calling all knitters, crocheters, and fibre artists! Come and join our free...

Click here to read Art in the Park 5th to 6th Aug 2023.



Crowden Drive, Leamington Spa

An outstanding opportunity to acquire a stylish, three storey semi detached townhouse, providing well...

£675,000

Click here to read Crowden Drive, Leamington Spa.



Cedar Avenue, Ryton On Dunsmore, Coventry

An outstanding opportunity to acquire an attractively styled and exceptionally well presented...

£397,500

Click here to read Cedar Avenue, Ryton On Dunsmore, Coventry.



Ever dreamed of living the fairy-tale in your own castle?

 
Dreams can come true. It does not have to be a winning lottery ticket, a phenomenally successful business, or making it as a world-famous actor, artist, or athlete that provides the means of living a fairy-tale life in the castle of your dreams. The UK is a land full of castles and magical homes that are the envy of the world. With that in mind, here are a few ideas to make your dreams of owning a castle a reality.

Buy with others
With some castles on the market in the UK hovering around £1 million, it’s a tempting idea to buy with a selection of family or friends. Sharing the costs, particularly those associated with repairs and maintenance, could be achievable with the right approach. There is scope to become self-sufficient when producing energy, and the more people that share the costs, the less the financial burden. Creating a strong, legally binding contract between those you trust will allow you to live an enchanted lifestyle without any worries haunting you at night.

Create the ultimate holiday destination
Indoor and outdoor space are not going to be in short supply. You could create holiday apartments and rooms and develop a hotel or guest dwelling. Outside lodges and camping may be a possibility, as may purpose-built holiday lets. The revenue created from these is always in demand and can be very lucrative all-year-round.

Create a spectacular place to live
Many castles have a vast number of bedrooms; some of these could be converted into flats or apartments, which would provide you with an exceptional level of income as you could share the dream with people who do not or can’t afford to buy a castle. Many people love the idea of living in a piece of history, with all the accompanying grandeur, without the fear of living in such a vast property, especially at night when it’s time to switch off the lights.

Become a food supplier
The UK is a world-leading producer of artisan food, from beer to bread, berries to beef, sweets to savouries, and vegetables to vegan products. What better way to become self-sufficient while supplying fresh and healthy food to domestic and overseas markets while making highly lucrative returns?

Create a day out
The possibilities are endless. From historical tours and outdoor activities to hosting sporting events, ghost hunts, and artists’ weekends to facilitating conferences and the events of organisations and clubs. Wedding venues, nature walks, health retreats, fishing weekends, to murder mystery weekends. Create a diary of events and make your castle earn its keep.

Find an investor
Having a strong vision for your castle is everything when it comes to finding an investor. The more detail you can provide with projected income leading to profits, the more likely you are to find an investor. As time goes on and a business is born, banks are more likely to get on board, which will allow you to take full control of your destiny.
 
Whether you want a cottage, a castle, or something in between, find your dream home by browsing our properties.