Monday, 21 November 2022

How To Choose The Right Estate Agent For You?

Choosing an estate agent to sell your property can seem like a difficult task. There are so many available and of course, they all say that they are the best around! What should you consider when choosing which one to trust with selling your property?

Local knowledge

You wouldn’t jump in a taxi with a driver who didn’t know the local area, or at least you’d jump back out again quite quickly! You also shouldn’t trust your property to an estate agent who doesn’t understand the local market or who doesn’t know the area well. Great estate agents know their community and already have a well-established database of potential buyers that they can use to make sure that your property is seen as quickly as possible by as many people as possible.

Tech-savvy

Newspapers, magazines and other forms of printed media should definitely form a part of the marketing plan for your property. However, estate agents who only use these and haven’t embraced the benefits of online marketing, including social media, their own website and online property portals, will be putting you at a disadvantage when selling your property. This is because 78% of buyers begin their property search online so you need an estate agent who knows how to make sure that your property is seen by them.

Honesty

When selling a property, you need an estate agent who will be honest with you, especially in the current market. Beware of agents who inflate their suggested asking price for your property with the expectation that they will drop it in a few weeks once you are tied into a contract with them. An honest estate agent will not hesitate to point out areas of your property that you could improve in order to increase your chances of a sale and are candid about things that should be taken into account when setting the asking price.

Communication, communication, communication

The estate agent you choose will not only be the go between for you and your buyer but will also be your source of information concerning how viewings went and on the feedback from viewers. Choosing an agent who is a good and friendly communicator will make the whole process of selling your property much easier.

Works for you

It is your property. While a good estate agent will be able to give you advice concerning your property, a great estate agent will be able to tailor their advice based on your needs and wants because they will listen to them. Selling a property isn’t a one size fits all experience, so you need an estate agent who is willing to listen and adapt to your needs.

If you are thinking of selling your home in Warrington then please give us a call on 01925 235 338 and we will be delighted to chat to you about the reasons we believe that we fulfil all of those criteria.

Don't forget to visit the links below to view back dated deals and Warrington Property News.

CLICK HERE TO FIND OUT HOW MUCH YOUR WARRINGTON HOME IS WORTH FOR FREE
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Wednesday, 16 November 2022

How To Become A Successful Property Developer


Have you ever watched a programme about property development and been tempted to give it a go? All those wonderful before and after shots make it look so easy. From our comfortable sofas we cockily criticise their design decisions, mock their progress and vocalise how we would do it differently. But how many of us really appreciate either the potential problems or the potentially life changing benefits of renovating a home either to live in ourselves or to rent out.

So what can you do to mitigate the risk of your dream home renovation becoming a nightmare?

Set a goal

What is your end goal with the property? Do you want to flip it, rent it out or create your forever home? You need to remember your goal when looking for a property. If it is to be your forever home then it should be in an area that you want to live in. Alternatively if it is to be a rental property then you need to make sure that it is in an area that is attractive to your target rental market.

Make a budget

Set yourself a budget for each room and try your best to stick to it. Don’t be swayed by expensive tiles or paint. If you are planning to rent out the property then your tenants are unlikely to care whether you use Dulux paint or Farrow and Ball paint. If you are doing the property up for your own family then you may be happy to splurge in certain areas but make sure that you always keep an eye on your budget. Just as in the television programmes you are likely to go over budget so make sure that you factor that in.

Plan

Frequently diverting from or changing your plan will cost you time and money so try to stick to it. The longer the renovations go on the more money you lose in potential rent. The longer you have to pay your mortgage or utility bills for the property, the more they eat into your profit if you are flipping it. If it is your forever home then you will be reducing the amount of time you get to live in it.

Have a valuation

When all of your hard work is finished, arrange a valuation so you can find out just how much all of your hard work has added to the value of your property and how much its rental value has also increased.

If you manage to complete all of those then congratulations you are a successful property developer and you will be able to reap the financial rewards of your endeavour.

If you are looking for a property to renovate please give us a call on 01925 235 338 so that we can add you to our earlybird list so you can be one of the first people to hear about our new listings.

Don't forget to visit the links below to view back dated deals and Warrington Property News.

CLICK HERE TO FIND OUT HOW MUCH YOUR WARRINGTON HOME IS WORTH FOR FREE
Hamlet Homes Warrington, your local Estate Agent
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Thursday, 10 November 2022

The Pros And Cons Of Being A Buy-To-Let Landlord


Buy-to-let property is often seen as an attractive way of accumulating wealth or as an alternative option to a pension. However, while purchasing buy-to-lets is undoubtedly a good investment, they are also a long-term commitment that require hard work and good financial planning.

If you are unsure as to whether to take the plunge and buy your first buy-to-let property then it is definitely worth considering the pros and cons of being a landlord before you invest.

PRO - Rental Income

This is the biggest incentive for people who buy a buy-to-let property. The idea of receiving regular income that not only pays off the mortgage on their buy-to-let property but also gives them a little bit extra in their pocket each month is a very attractive one.

CON - Rental Void

However, if your tenant misses a rental payment then you will be responsible for covering the mortgage payment yourself until they catch up and if you should have a period when your property is not let (a rental void) then you will be left covering all of the costs during that time too.

PRO - You’re your own boss

If you are fortunate enough to be making enough money from your rental properties to live on then you can have complete control over your income and your own time. The ability to work the hours you choose, make all the decisions and feel completely in control of their own life is what drives many landlords to build their property portfolio.

CON - Responsibilities

Being a landlord means you have both legal and moral responsibilities towards your tenants and no-one can choose or predict when urgent maintenance issues such as a leak may occur. For many people who are trying to hold down a full-time job alongside managing their buy-to-lets the responsibility is too much. An easier solution is to have your properties managed by a letting agent but this will of course cut into your profit.

PRO - Allowable expenses

You are permitted to deduct expenses from your rental income when working out your taxable rental profit. These expenses must be ‘wholly and exclusively for the purposes of renting out the property’ and includes maintenance costs, utility bills, agency fees and insurance payments.

CON - Costs

As soon as you start to make a profit from your buy-to-let property you are legally obliged to inform HMRC. You may be required to submit a tax return so that HMRC can calculate how much income tax you should pay. Buy-to-let property purchases are subject to higher stamp duty rates. Also when you sell a buy-to-let you must pay Capital Gains Tax on the amount that the property has increased in value during the time that you have owned it. Don’t forget to factor in costs such as the deposit, survey and conveyancing fees, renovation costs and the administrative costs for inventories, deposit protection, gas safety certificates and EPCs.

Being a landlord certainly requires more time, effort and planning than most people think it does but for those willing to put in the work it can be a highly profitable endeavour.

If you are considering becoming a landlord and would like to know more about how we can help you to manage your property please do give us a call on 01925 235 338 and we will be delighted to help you.

Don't forget to visit the links below to view back dated deals and Warrington Property News.

CLICK HERE TO FIND OUT HOW MUCH YOUR WARRINGTON HOME IS WORTH FOR FREE
Hamlet Homes Warrington, your local Estate Agent
Follow my Warrington Property Market Blog
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Wednesday, 2 November 2022

Warrington Property Market Report October 2022


The leaves are falling, the clocks have gone back and children, still hyped-up on sugar from their Halloween trick or treating, are now looking forward to this weekend’s fireworks displays. November brings with it darker mornings and chillier nights and so comes thoughts of Christmas and the New Year. This inevitably focuses the minds of those who have been considering moving, as they consider whether their homes are too small or indeed too large for their needs.

The looming New Year sparks thoughts of new beginnings and new homes so, despite the doom and gloom in the papers, life continues. People still move home and the property market continues to be busy.

Let’s have a brief look at what’s been happening over the last month in the local Warrington property market.

There are currently 416 properties available for sale in Warrington. This is 14 more than last month. Of these 416, 71 were new to the market in the last two weeks. The average price of properties in Warrington is £253,017 with the median price at £210,000.

Most of the properties available are in the £100,000 to £200,000 bracket with 158 currently on the market. There are 26 properties available, in the £500,000 to £1 million bracket. This month, properties in the £300,000 to £400,000 bracket are the fastest movers, only on the market for 71 days. They are closely followed by properties in the £400,000 to £500,000 and properties in the £500,000 to £1 million bracket which both only remain on the market for 91 days.

Properties priced at £100,000 and under, are now taking 162 days to sell. One-bedroom properties with a median price of £89,943 are currently sitting on the market for an average of 249 days. This has gone down from 349 days last month.

This is another example of how selling property can take longer than people often imagine. If you’re looking to upsize from your first home, or are an investor looking to change your portfolio, please bear this in mind when planning.

Let’s take a look at the annual figures now.

The majority of sales in Warrington during the last year were semi-detached properties, selling for an average price of £238,088. Terraced properties sold for an average of £173,129, with detached properties fetching £410,885.

Overall, sold prices in Warrington over the last year were 1% down on the previous year and 16% up on the 2019 peak of £212,882.

This shows the high levels of activity in the local Warrington property market, which are likely to increase or at the very least, remain strong in the final quarter of the year. There is a lot of demand and plenty of people looking to move around Warrington.

If you’re thinking of selling your property, feel free to contact us. If you’re thinking of buying, letting or renting a Warrington property, please don’t hesitate to get in touch. You can call 01925 235 338 or email staff@hamletwarrington.co.uk.

Monday, 31 October 2022

Tips To Help Keep Your Pet Calm On Bonfire Night

 
One of the highlights of our work is getting to meet all of our clients' furry friends. Our pets give us unconditional love and companionship so naturally we all want to do everything we can to protect them from being scared and distressed.

Every year, Bonfire Night brings delight to adults and children alike all over the country as the loud whizzes, bangs and flashes of colour in the sky amaze and enthral. Our furry friends however are much less enamoured by the sight and sound of fireworks exploding in the sky. For those of us who have to witness our beloved pets in distress, it can be a less than enjoyable evening.

There are a few things that you can do to help your pet to cope with the anxiety that fireworks can cause them.

CATS Protection has issued the following advice:

Treats

A selection of their favourite long-lasting treats, given before the fireworks displays begin, can sometimes provide enough of a distraction to stop them from noticing the start of the noises. Even if they do not distract them for the whole of the display, any reduction in the time that they are distressed for is better than none.

Safe Place

Cats may feel reassured by having a cosy space in which they can curl up. If their bed has open sides then consider lining a cardboard box with towels and blankets for them to sleep in. Many cats feel safer when they are up high so placing this box on a shelf may increase their feeling of safety.

Music

Classic FM will be playing their pet classics, calming music specifically selected to try to help you and your pet stay relaxed, from 6pm to 10pm on Friday 5th November and Saturday 6th November. Turn it up, lay back and enjoy.

Battersea Dogs Home has this advice to add:

Stay Calm

Our pets are very sensitive to our emotions. If they think that you are anxious then they will be anxious too. Stay calm and reassure them in your most relaxed tones so that they can pick up from your body language and voice cues that there is nothing for them to worry about.

No Evening Walks

Make sure that you are home from your evening walk before it goes dark so that your dog isn’t upset by any unexpectedly early fireworks.

Draw your Curtains

Protect your pets from seeing the flashes from the fireworks by drawing your curtains. Having your curtains drawn can also help to muffle the sound from the fireworks.

Let Them Roam

Confining a dog to one room when they are used to roaming your home can increase their distress.

we hope that these tips help you and your furry friends to have an enjoyable and distress-free Bonfire Night.

If you are considering selling your home in Warrington then please give us a call on 01925 235 338 and we will be delighted to give you a free no-obligation valuation.

Don't forget to visit the links below to view back dated deals and Warrington Property News.

CLICK HERE TO FIND OUT HOW MUCH YOUR WARRINGTON HOME IS WORTH FOR FREE
Hamlet Homes Warrington, your local Estate Agent
Follow my Warrington Property Market Blog
Hamlet Homes Warrington LinkedIn Page
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Monday, 17 October 2022

Turn Your Clutter Into Cash

 

We are a nation of secret and sometimes not so secret hoarders. It’s rare for a home to be completely clutter free. If the surfaces are empty, you can nearly always guarantee that there will be at least a couple of overstuffed cupboards.

However, there is something that may motivate you to declutter.

The stuff you haven’t seen let alone used for years could actually help you to pay your rising energy bills or contribute towards a well earned break in the sunshine.Second hand items are also good for the environment as they reduce the amount of things that go to landfill.

So decluttering can be good for your home, your wallet and the environment!

Research

Gone are the days when eBay was your only option for selling your unwanted items. Now there are a whole range of sites, some of which specialise in certain items, such as Vinted or Depop where you can sell clothes and accessories.

Facebook Marketplace can be a great way of selling items without having to pay any commission, as can local sites like Nextdoor.

Be honest

If there is any damage to your item it is better to be upfront about it rather than have it returned to you. To save yourself and the buyer time haggling if there is any damage, reflect this in the price.

If you think your item isn’t worth selling then try putting it on a site like Freecycle.

You won’t benefit financially from selling it but you will be stopping it from going to landfill so there is a feel-good reward.

Make sure the price is right

Be sensible when you are setting the price. Just like when you are selling a property, if you set the price too high then there will be little interest and then your item will be further devalued when it sits unwanted on the selling site for ages.

However, you also don’t want to set the price so low that it simply isn’t worth your time and effort to sell it.

Photographs

Taking lots of photographs will reduce the amount of time and the number of “no thanks” that you will get when selling an item as a collection only.

It will also increase your chances of selling your items online and reduce returns as people like to see clearly what they are purchasing.

To increase your chances of a swift sale, just as when selling a property, good photographs are essential. Keep the background clutter free, make sure that the lighting is good and ensure that you take photographs from several angles.

If you are decluttering in order to sell your home and would like some advice or a free no-obligation valuation then please do give us a call on 01925 235 338 .

Don't forget to visit the links below to view back dated deals and Warrington Property News.

CLICK HERE TO FIND OUT HOW MUCH YOUR WARRINGTON HOME IS WORTH FOR FREE
Hamlet Homes Warrington, your local Estate Agent
Follow my Warrington Property Market Blog
Hamlet Homes Warrington LinkedIn Page
Hamlet Homes Estate Agents Warrington Facebook Page

Tuesday, 11 October 2022

Warrington Property Market Report September 2022


The children are all settled back at school and the changing weather leaves us in no doubt that Autumn is definitely here. September is always a month of new beginnings. With Christmas just around the corner many people start to think about whether their home still works for their family.

The rising interest rates may be causing pause for thought but life continues, despite the rising cost of living and people will always need to move home; sometimes because of, and sometimes in spite of, the financial climate.

Let’s have a brief look at what’s been happening over the last month in the local Warrington property market.

There are currently 402 properties available for sale in Warrington. This is 71 more than last month. Of these 402, 63 were new to the market in the last two weeks. The average price of properties in Warrington is £249,807 with the median price at £220,000.

Most of the properties available are in the £100,000 to £200,000 bracket with 145 currently on the market. There are 24 properties available, in the £500,000 to £1 million bracket. This month, properties in the £400,000 to £500,000 bracket are the fastest movers, only on the market for 71 days. They are closely followed by properties in the £300,000 to £400,000 bracket which only remain on the market for 80 days.

Properties priced at £100,000 and under, are now taking 301 days to sell. This is similar to one-bedroom properties with a median price of £85,000 as they are currently sitting on the market for an average of 349 days. This has gone up from 337 days last month.

This is another example of how selling property can take longer than people often imagine. If you’re looking to upsize from your first home, or are an investor looking to change your portfolio, please bear this in mind when planning.

Let’s take a look at the annual figures now.

The majority of sales in Warrington during the last year were semi-detached properties, selling for an average price of £257,015. Terraced properties sold for an average of £179,917, with detached properties fetching £442,748.

Overall, sold prices in Warrington over the last year were 2% down on the previous year and 12% up on the 2019 peak of £229,947.

This shows the high levels of activity in the local Warrington property market, which are likely to increase or at the very least, remain strong in the final quarter of the year. There is a lot of demand and plenty of people looking to move around Warrington.

If you’re thinking of selling your property, feel free to contact us. If you’re thinking of buying, letting or renting a Warrington property, please don’t hesitate to get in touch. You can call 01925 235 338 or email staff@hamletwarrington.co.uk.