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Author: Sophie Winter

Are new build homes more energy efficient?

Posted on by Sophie Winter

At CR Real Estate, we possess a deep passion for promoting new build properties, and it’s our desire for our clients to share this enthusiasm when they embark on purchasing a new home. In this blog we aim to delve into the numerous energy saving advantages associated with purchasing a newly constructed property.

New build energy savings

When considering the environmental efficiency of new homes versus second-hand ones, the primary distinguishing factor is the Energy Performance Certificate (EPC). In 2022, a noteworthy 85% of newly constructed homes received an exceptional EPC rating of A or B. This represents the highest level of efficiency. In contrast, out of the entire housing stock in the UK, only 41% of homes manage to achieve an EPC rating higher than C. This stark difference highlights the significant disparity in efficiency standards between new builds and the majority of second-hand homes.

Keeping you warmer

Enhanced insulation is a fundamental factor contributing to the improved Energy Performance Certificate (EPC) ratings of new homes compared to those built several decades ago. New homes are built with higher insulation standards, which effectively retain heat and reduce the frequency and duration of central heating usage. This results in lower carbon dioxide emissions and significant energy savings. In fact, recent research suggests that buyers of new homes can potentially save an average of over £3,000* annually on energy costs.

Energy and technology

In addition to insulation and triple glazing, EPC ratings also consider the energy generation methods employed in a home. New homes are increasingly achieving favourable EPC ratings by incorporating technologies such as solar panels and air source heat pumps into entire developments. Even more modest technologies, such as the inclusion of smart thermostats, contribute to energy conservation by facilitating easier control of energy usage. Government policy is further promoting the construction of energy-efficient homes through the 2025 Future Homes Standard, which mandates insulation standards and the installation of more efficient boilers in new homes.

Don’t overlook the letters

It may be tempting to overlook the seemingly arbitrary letters associated with homes, but the practical implications of energy ratings have become increasingly apparent in the past year. Energy Performance Certificate (EPC) ratings are determined by calculating the annual carbon dioxide emissions resulting from a home’s energy usage. To illustrate, consider two standard 3-bedroom homes of identical size: one with a D rating would emit approximately 4 tonnes of CO2 per year, while the home with a B rating emits less than half of that, just under 2 tonnes of CO2. Discovering the EPC rating and corresponding CO2 emissions of your home is a simple process. Visit the government website, enter your address, and you may realize the potential savings a new build home could offer.

Final thoughts

In the past year, energy bills have emerged as a significant concern for many individuals, making cost savings a highly desirable outcome. This leads us to the question: Why consider purchasing a new build home? The answer lies in the potential for substantial savings and the opportunity to make a positive impact on the environment. Opting for a new build home allows you to save money while actively contributing to planet conservation—a truly advantageous and mutually beneficial choice. Looking for a new build home? Contact our expert land and new homes team today to discuss your property requirements and how we can help you.

*Statistics correct at time of writing, CR Real Estate can not guarantee energy savings.

Recent Articles

What’s happening with minimum energy efficiency standards and EPC ratings?

Posted on by Sophie Winter

In 2020, the government revealed its intentions to raise the Minimum Energy Efficiency Standards (MEES) for the Private Rented Sector. The plans specified that private rented properties would be required to achieve an Energy Performance Certificate (EPC) rating of C or higher by 2025 for new tenancies, and by 2028 for existing tenancies.

Are landlords ready for changing Minimum Energy Efficiency Standards?

Recent data indicates a gradual enhancement in the energy efficiency of properties available for rent. As the number of properties with an EPC rating of C or higher has increased by 16% since January 2019.

Meanwhile, the number of rental properties with EPC ratings D to G dipped by 11%. These figures suggest that landlords are taking steps to either improve the energy efficiency of their properties; or becoming more selective with their investment choices.

A notable 61% of landlords say that they would not consider investing in a property with a rating below C. This shift in mindset demonstrates a change in priorities and an acknowledgement of tenants’ preference for higher-rated properties.

Will the new minimum standards be included in the Decent Homes Standard?

The A Decent Homes Standard in the private rented sector consultation outlined the suggested measures to implement the Decent Homes Standard in the private rented sector.

This standard is anticipated to be implemented in conjunction with the Renters (Reform) Bill. According to the consultation proposals, one of the criteria, criterion D, requires homes to offer “a reasonable degree of thermal comfort.”

In the House of Commons Committee report on Reforming the Private Rented Sector, a recommendation was made to incorporate the Minimum Energy Efficiency Standards (MEES) into criterion D of the Decent Homes Standard. This suggestion is regarded as a simple and modest simplification of the complex regulatory framework.

Currently, the Minimum Energy Efficiency Standard is not applicable to the social housing sector. Thus there is no necessity for it to be aligned within the Decent Homes Standard.

When will the increased standards be formalised?

The industry is still anticipating the outcome of the 2020 Energy Performance consultation. This will provide additional information regarding the requirements. Energy minister Andrew Bowie recently mentioned that the initial update for this year will merely consist of a summary of the responses received.

Earlier, the Telegraph reported that landlords would be granted until 2028 to comply with the updated energy efficiency requirements. However, there has been no official announcement to confirm this specific date.

What should landlords and agents be doing to prepare?

The present government guidelines for complying with the current MeeS regulations provide a list of recommended upgrades for landlords, along with their average costs. These upgrades encompass options such as internal or external wall insulation, draught proofing, solar panels, among others.

It is anticipated that the government will officially establish a cap of £10,000 on upgrade expenses. Allowing landlords to seek exemptions if the costs exceed this limit. Various sources of funding are available for these types of upgrades.

How can we help?

Contact our expert lettings team today to discuss your property and how we can help you with these changes.

This article is intended as a guide only and does not constitute legal advice. For more information, visit gov.uk.

Recent Articles

How to value my land

Posted on by Sophie Winter

If you already own a plot of land and would like to sell it on; you might be wondering how you value land. This guide will provide you with some useful tips when it comes to how land is typically valued. Although you may find it more beneficial to get in touch with us for a free appraisal of your land for development.

Land is valued depending on the market

Similarly to how properties are valued at different rates depending on where they are in the country; land is valued according to market value (as opposed to the actual land value).

Put simply, this means that a plot of land in Central London, will cost a lot more than a plot of land in the southwest countryside. This is an important thing to consider when you are valuing your land.

Land value calculations

There are multiple variables that go into assessing the value of land, but there’s a simple equation that most use.

Value of land = Price of new homes – cost of building the new homes

While the above is very formulaic, the actual value of the land can be extremely subjective depending on the land itself. Here are some important pointers and things to consider about valuing land:

Other factors that can affect the value of land

There are quite a few additional factors that can affect the value of your land. These include:

Connection to services

A plot of land that has a good connection to water, gas and electricity, will be much more favourable than a plot of land without these services. Valuers will consider both the cost of bringing these services to any dwellings built on the land. Along with the price people will be prepared to pay for the ease of having the services pre-connected.

Developments in the area

A land valuer will consider all of the prospective developments in the area. This will be to assess what may change before a dwelling is built and completed. For example, a new school opening nearby would increase the value of the property. But a block of flats built on neighbouring land would reduce the value of the property. An experienced valuer will have a clear idea of the council’s and neighbours’ plans for the future.

The site itself

It may seem obvious but a valuer will assess all parts of the land, including its topography. If it is located on a hill, then the value may reduce. This may be because properties built on the site will need extra work, and will most likely cost more.

Location to nearby services

Similarly to when buying property, factors such as local schools, links to public transport, and accessibility to amenities; are all considered when purchasing a plot of land. The value of land with these amenities close by can be significantly higher than exactly the same plot of land without them.

Size

The size of the land is one of the main factors that go into its valuation. Most think that the bigger the land, the higher the price. However, as listed above, there are many other factors to consider when valuing land. So much so that a smaller plot of land may be more valuable than a larger one elsewhere.

Legalities

There may be legal documents that mean a certain plot of land cannot be developed on in a specific way. Whilst these can often be overturned, it can be a lengthy and costly process.

Want a free valuation on your land?

As you can see, all of these factors consider both the value of the land itself; and how much it would cost to build upon the land. Although we’re firm believers that knowledge is invaluable; a full land valuation should be done by an expert. But having some insider knowledge about how to value land will help you feel reassured that you are getting a good price.

Get in touch with us today for a free assessment of your land for development.

Recent Articles

How to develop land that you already own

Posted on by Sophie Winter

If you already own a plot of land, or your garden is large enough to accommodate another property, you could consider developing the land you own. However to do so, you’ll need to know about planning permission and the type of mortgage required to fund your development.

Here at CR Real Estate, we are firm believers that knowledge is invaluable; so we’ve put together this handy guide to give you all the information you need…

How do I start developing my own land?

The most complex part about developing land is usually the sourcing of it and the funding required to buy it. So, if you already own a piece of land that is suitable, it can be a lot easier to get started. Whilst you might be ahead of others, it can still be a complex journey as you’ll still need to consider things like planning permission and funding for your development.

How do I fund developing my land?

There is positive news when it comes to developing on the land you already own. As you already own the land, you’ll only require funds for the build/development. This most often comes in the form of a self-build mortgage; which is essentially development funding for the construction of a new property and comes with an allocated time restraint to complete by from your chosen lender.

Here are some of the most common questions around self-build mortgages…

How do I get a self-build mortgage when I already own land?

If you’re looking to develop the land that you already own, a self-build mortgage can provide you with the funds you need to complete the development work. Often, because you’re only funding the build and don’t need to borrow to buy land as well, there are more options available on these self-build mortgages.

We would recommend to speak to a mortgage broker in the first instance. They will be able to advise you on this and provide a selection of lenders to consider approaching. CR Real Estate work in partnership with The Residential Mortgage Hub to provide mortgage advice for our clients.

How much deposit do I need for a self-build mortgage?

Typically, lenders will either lend against a valuation of the land you own; or on your total build costs for the development.

The criteria for each lender will vary depending on the specifics of your project. But generally speaking you can expect to get 75% to 80% of your land’s valuation figure as a self-build mortgage; or up to 80% based on your build costs. This means that you’ll be expected to fund 20% to 30% of the project yourself. But it’s also good practice to build in an extra 10% to 20% contingency budget for unforeseen circumstances.

How much can I borrow with a self-build mortgage?

The amount of money you can borrow through a self-build mortgage will depend on:

  • Your personal circumstances and financial situation
  • The amount of money you’re putting into the project yourself
  • The value of the land you’re building on
  • The total projected build cost

As mentioned, some lenders will lend against the value of your land; while others will lend based on the total build cost itself. Your chosen lender will carry out an affordability assessment to consider your borrowing limits. So, we strongly advise seeking mortgage advice before applying for a self-build mortgage.

Do I need planning permission to get a self-build mortgage?

Most lenders will insist that you have full, detailed planning permission for your project prior to them lending to you.

However, it’s can be possible to get a mortgage advance with only outline planning permission. But should you fail to obtain permission later, you will have to pay back your advance and factor in any additional or associated costs.

Are there any other options for self-build finance?

Whilst self-build mortgages can be a great way to fund the development of land, there are other options to consider including:

  • Bridging finance
  • Construction mortgages
  • Personal loans
  • Remortgaging an existing property
  • Equity release
  • Other business loans

Always speak to a financial/mortgage advisor to discuss your options for taking on any finance for your self-build.

Is developing land profitable?

Developing land can be very profitable. The important thing is to stay on top of your costs and know your objectives before you start.

Land with planning permission is generally worth more than land without. So, if you’re thinking of selling the land that you own; you could consider a planning application to boost its value even further.

If you’re thinking about building on land you own, you’ll need to consider the following:

  • Will you eventually live in what you build or sell it?
  • If you’re selling your development – what type of property will work for buyers in the area?
  • If you’re building on your garden plot – how will the final build affect your current property’s value?

Do I need planning permission to develop on my own land?

To build a new dwelling on the land you own; you will almost certainly require planning permission from your local authority. However smaller additions to an existing property can usually be made under Permitted Development. But large extensions or outbuildings will usually require planning permission.

Whilst 75% of all planning permissions are approved in England and Wales; you should always check what’s permitted and what isn’t. Our expert team at CR Real Estate can advise you or you can speak to your local planning department.

How long does it take to get planning permission?

Generally decisions surrounding planning applications are made within 8 weeks. But it can go up to 13 weeks for unusually complex or large applications. You can appeal if the decision takes longer.

Recent Articles

How to get planning permission on land

Posted on by Sophie Winter

If you’re looking to develop on the land you already own, then you’ll probably need to obtain planning permission for your build.

We understand that planning can be complicated, so it’s useful to speak with an experienced expert such as ourselves as we can recommend local planning consultants before making an application.

Here at CR Real Estate, we are firm believers that knowledge is invaluable; so we’ve put together this handy guide to give you the answers to some of the most common questions about new homes and planning permission…

How do I get planning permission?

Applying for planning permission can be a time-consuming and expensive process – even more so if it is for a large piece of land. You’ll first need to submit an application to your local authority.

When considering a development project the first step would be to determine if planning permission is actually necessary. For most projects such as new build, house extensions, or loft extensions; planning will be required. Are there any legal or other restrictions over the property? These may appear in your Title Deeds. Historic buildings may also have further requirements and permissions that will need to be taken into consideration.

If an application for planning permission is needed; the next step is to determine what your local authorities have in their overall plan for the area, and how you can taylor your requirements to fit within this. Having a good understanding of how the application process works is important; and it’s useful to know how other people have approached similar situations. We can introduce you to a good planning consultant, who will be able to help you through this process.

What can I build on agricultural land without planning permission?

If you’re the owner of a piece of agricultural land and you’re looking to develop on it; you’ll need to consider whether what you build requires planning permission.

Development that may not require planning permission includes:

  • Construction of a building that is for the purposes of agriculture
  • Buildings that are not dwellings or attached to dwellings

It’s important to note that there are rules around the size and distance from other buildings, but if you’re looking to build a property on agricultural land, you’ll almost certainly need planning permission to build.

What can you build on land without planning permission?

To build a new dwelling or large extensions on the land you own, you will almost certainly require planning permission. However smaller additions to an existing property can usually be made under Permitted Development. You should always check what’s permitted and what isn’t; our expert team at CR Real Estate can advise you or you can speak to your local planning department.

How long does it take to get planning permission?

For smaller developments such as if you’re developing your garden plot, and applying for permission for a single dwelling; you should find out if your planning application has been approved within 8 weeks. But it can go up to 13 weeks for unusually complex or large applications, and you can appeal if the decision takes longer.

In the unfortunate instance that your application is rejected and you need to make changes before re-submitting; the entire process could take around 18 months to 2 years.

What will planners look at when considering my application?

Whether you’re looking to build another dwelling on your garden plot, or on another piece of land that you own, your local authority’s planning department will consider:

  • The impact of overlooking or loss of privacy for neighbouring properties
  • Loss of light caused by new development
  • The available infrastructure like water supply and roads
  • Parking allocation and issues
  • Road safety
  • Increase in traffic and noise
  • Impact on any listed buildings and conservation areas
  • The layout and density of the proposed building
  • The design and building methods/materials being used
  • Any previous planning applications on the site
  • Nature conservation impact
  • Any landscaping needed

It’s worth noting that if there are any objections from neighbours; your application will be called before the local planning committee for consideration, and a decision will be made by a vote. If your application has no objections, it can be approved faster through what are known as designated powers.

What are the types of planning permission?

Whilst different types exist, the most common ones include:

Outline Planning Permission

The outline planning permission is a simple application you make to your local authority. This is to inform them of your intent to build a dwelling on your land. This will enable you to know whether you can even build on your land, and if so what size dwelling you can build.

It’s important to remember that outline planning permission isn’t a legal requirement, when you’re looking for planning permission. It only includes a brief outline of what you plan to do; and in-depth details of your intentions are not required.

Full Planning Permission

You must check with your local authority to determine whether you’ll need full planning permission. Generally, you’ll need this type of permission if you want to:

  • Build something new on your land
  • Make major structural alterations
  • Demolish existing buildings
  • Build extensions to your property
  • Change the main use of your building

Typically development projects that have no impact on the environment or your neighbours don’t require planning permission. Addition, some developments and small additions/improvements are normally allowed under your permitted development rights.

Are there conditions?

You may be granted planning permission, but with certain criteria you have to meet within a specified time frame. These can be simple conditions such as; only using particular materials that match existing ones; or ensuring all boundary treatments are adhered to.

These conditions are important, and failing to comply can result in a breach of condition notice. These have no rights of appeal and can be enforced prosecution by the courts.

Did you know…

75% of all planning permissions are approved in England and Wales. So, you have a high chance of building a dwelling on your land when you apply. The most important thing is to ensure your plan fits with the local authority guidelines.

How we can help

CR Real Estate are experts in all aspects of property development and construction, with a large portfolio of top-quality residential projects completed. We offer a free assessment of land value regardless of its current condition, with help for planning status and use, and we work with local consultants to help prepare and submit an outline and full planning applications on your behalf. We pride ourselves on our exemplary and professional service.

Recent Articles

Can you switch estate agents if you’re not happy?

Posted on by Sophie Winter

How often do you switch bank accounts? Or doctors? Or even hairdressers? We expect it’s not that often, most of us have the same bank account we opened as a child. It doesn’t matter how bad the interest they pay on your savings; or how terrible the customer service is. It feels like so much hassle to switch to a new bank that we simply don’t do it. 

Well, it’s the same for estate agents. 

Perhaps you haven’t quite had the interest that you’d hoped for or even had offers that were lower than you were expecting. Maybe you were promised a certain level of service by your agent, but they haven’t kept their promises? Or perhaps you simply haven’t heard from them since signing your contract?

Either way, it’s possible to change if you are feeling underwhelmed, disappointed or disheartened with the property sale experience. And it is actually easier than you might think. Yes, you’ll have to consider and follow the terms of the contract you have signed; but it is possible to change to a different estate agent, and it’s more common than you might think. 

Don’t worry, you’ve not lost or wasted anything that has happened already. The previous agent will list all the interested parties they’ve introduced your property to while marketing it. If a buyer comes along that has already viewed your property, no problem, they can still purchase as usual.

Statistically, over 60% of homeowners that switch their property marketing to a new estate agent will sell with the second agent, so maybe a change is just what you need? 

As a property sits on the market, it can become a little stale. After 4 weeks, property websites such as Rightmove and Zoopla will stop promoting the property to their audience in favour of the newer instructions. After 6 weeks, your estate agent will usually have exhausted all the potential buyers on their database. And after 8 weeks, your agent will probably begin to suggest a price reduction (this is the only way to rekindle the interest levels in the property so that you move into a new bracket; and, therefore, a new group of potential buyers that perhaps couldn’t afford the property previously). 

But, if you were to change agents, you could tap into a new database of buyers. And with a fresh approach and renewed marketing, your property marketing and listing will have a new lease of life. This could be just what you need to get that elusive sale. 

So, what should you do to switch agents and get your property sold? 

You need to give proper notice. The terms of a contract with an estate agent may prohibit multiple agencies. This can be bad news if you don’t provide the proper notice because, if you do get a buyer for the property, you could be liable to pay fees to both agents – a costly mistake. 

You need to choose your new agent. By contacting one of the agents that impressed you from your initial valuation appointments, trying someone new or a recommendation from a friend or family. 

Revalue and assess the marketing you’ve had so far. Your new agent will prepare their marketing materials, so perhaps you can change how the property is presented. This is the chance to consider staging the home, and showing off the lifestyle that the buyer could have if they bought your property. Staging can create interest and add a vibrant pop of colour to your photographs that could entice a buyer and grab their attention as they read their emails or scroll through the websites. 

Think about the feedback that you’ve had. Of course, some of the feedback may have been somethings that you simply can’t do anything about. Perhaps it was too small or simply not suitable for some viewers. But, if you’ve had constructive feedback, consider dealing with these issues to encourage other buyers.

What if you’ve had no feedback? If you’ve had no viewings or no feedback from those viewings, perhaps look at your property through different eyes. Look objectively at your home and think about how it seems to a stranger. For example, it’s easy to overlook clutter and piles of things in our homes because we see them every day. But these things can stand out to a stranger looking to buy a property. 

Overall, it’s easier than you think to change estate agents, and a fresh outlook could be the key to finding a buyer and getting that all-important sale. 

To find out how we can help you sell your home get in touch with our team today. 

Recent Articles

How a lettings agent can make investment properties more profitable

Posted on by Sophie Winter

Many landlords perceive that the cost of using a lettings agent might impact their profitability; however, it is quite the opposite.

Presenting a well-managed property with comprehensive professional oversight can directly improve your bottom line. There are numerous advantages to using an experienced agent, not least avoiding vacant periods.

How to boost your rental property return

We adopt several strategies as a leading independent Kent lettings agent to proactively increase landlord earnings.

Defined rental property marketing

Property in Kent is in huge demand, particularly with professionals and families.

The outstanding schooling and career opportunities; along with travel links and living standards continue to attract tenants relocating from across London and southeast; as well as prospective tenants from the nearby areas.

CR Real Estate are one of the leading and independently established Kent lettings agents, and we recognise that how we market a high-value rental property is vital.

With a central base in Medway our lettings team applies targeted marketing techniques to attract excellent tenants. This ensures that you receive a premium rental value for your property.

Comprehensive inspections and inventories

We endeavour to maintain a positive rapport with every tenant; and schedule inspections regularly, at your tenant’s convenience. This is to ensure that they enjoy every aspect of renting your residence.

This service means we can respond and act quickly when we need to organise work. Obtaining comparable quotations from respected local tradespeople; and identifying when there are possible issues that need to be addressed.

Attention to detail is an important factor in tenant satisfaction. This means that the vast majority of our managed properties benefit from long-term, sustainable tenancies.

Accurate rental price assessments

Rental properties that have been available for some time are often priced at a static rental figure; increased perhaps marginally over time. Many landlords undervalue their assets and could be earning a far greater value. This depends on each property’s location, quality, sizing, position, and unique features.

Our lettings agents will review your rent; determine whether this should be adjusted; and provide local insights to rationalise any recommended changes in the rental charge.

Securing tenancies faster, and for longer

Private tenants are more likely to rent a property from an agent. As they have the assurance that they will have a nearby point of contact to ask questions; and deal with an accredited, regulated organisation. This preference allows us to develop relationships to support tenants moving to the area from further afield; and pass these benefits onto our landlord clients.

We regularly have waiting lists of pre-vetted tenants looking for local properties. We can accelerate the process by matching tenants with newly available properties in a very short timeframe.

Reducing landlord’s ancillary costs

Over the years, we have cultivated a strong network of contacts, from insurance providers to maintenance companies.

When a property requires repair work or a landlord is looking for a competitive buildings insurance quotation, we can often recommend a provider that will offer a superior price point, thereby saving on property management costs.

Three common reasons that Landlords lose money

There are three primary ways that profits from a rental asset can begin to dwindle.

1. Tenant Liaison

Negotiation is essential; if you have a difficult decision to make, or disagree with a tenant about any element of your property or their tenancy. Disputes, late payments, conflicts and rental arrears are the prevalent cause of landlord losses.

2. Regulatory Mistakes

Over the last two years, there have been many legislative changes. This includes eviction bans, which you must comply with as a landlord. Tenants should be well informed about the regulations surrounding private tenancies; and making an error (even innocently) can be extremely costly.

3. Excessive Maintenance Expenses

All rental properties require general upkeep; but falling behind with gas and electrical safety checks or not inspecting a property until extensive damage has been done can incur large reparatory costs.

A lettings agent is responsible for finding high-quality tenants; but can also assist with managing legal obligations, keeping in regular contact with existing tenants; and acting to preserve the value and integrity of your rental home.

Risks of self-managing a rental property

Independent rental property management is certainly possible; but requires continual communications, assessments, and commitment to upholding property standards to retain the best tenants.

As every landlord will know, there are multiple business considerations to be aware of:

  • Setting up an appropriately compliant deposit retention scheme.
  • Following the correct processes to end a tenancy if required.
  • Conducting thorough inventory checks.
  • Organising end-of-tenancy property inspections.
  • Dealing with maintenance work.
  • Managing tenant queries, requests and potentially complaints.

There are now over 400 rules and regulations related to managing private residential rental properties. All in which include fines for non-compliance or breaches, even when unintentional.

The fundamental risk of self-management is that any one of these requirements is missed or lapses; resulting in financial losses and reputational damage.

Advantages of using an established local Kent lettings agent

Our lettings services depend on the support you require; and are always customisable. We have a management package to suit you; whether you’re looking to improve your rental property profitability or deal with specific challenges. We deal with everything from tenant searches, background checks and deposit management; to full ongoing control over collecting rent, liaising with tenants and ensuring your property runs smoothly.

CR Real Estate focuses on exceptional quality at every turn; commanding favourable rental returns for high-quality Kent properties. As well as providing a fantastic service for tenants looking for a beautiful new home. When correctly managed, we believe that many rental residences have the potential to be more profitable than they are.

For further information about analysing your rental rates, improving returns, and elevating the quality of your Kent rental assets; please get in touch with our Lettings Team for advice from the local specialists.

Recent Articles

Why you shouldn’t neglect your garden when selling your home in Kent this spring

Posted on by Sophie Winter

It is official, we are now in spring; we can now all enjoy those longer days and better weather, and watch whilst flowers bloom and trees blossom. It is the season where Mother Nature loves to show off her splendour, and when it comes to selling your home, you need to be doing the same. Spring is the best time of year to sell your home, and according to Rightmove, this is because of record prices, the imbalance between demand and supply as well as the prospect of finding a buyer the first week your home is on the market. And whilst your focus may be directly internally, we want to make sure you understand why you should not neglect your garden when selling your home this Spring in Kent.

It’s a blooming market

“Those who weren’t ready to take advantage of last year’s rush now have another chance to get on the market while these conditions last”, Tim Bannister, Rightmove’s Director of Property Data comments. Anyone selling their home wants to ensure they a maximising their sale in every way – who wouldn’t want to miss an opportunity to add some value, and your garden is a hidden gem. According to Good Move house experts, “Transforming your garden can be the most fruitful way of adding value to your home, with a well-kept garden raising prices by around 20 per cent.” Although many home owners understand the potential their garden holds can bring to the value of their property, there are many that ignore this area when preparing their home for sale. 

Lockdown goals

Lockdown saw many of us turning our time to our gardens: bars were erected, decking built and outbuildings constructed creating havens for us to enjoy whilst the strange times we were living in passed us by. Potential buyers, too, wish to imagine themselves spending time in a garden that is ready to enjoy, not one that has a wild side and needs a lot of work to restore. Your garden is an extension of your home, and should the sun be shining, buyers love to imagine themselves al fresco dining or enjoying a tipple or two. Don’t put barriers in their way by making them struggle to see what your garden has to offer – make it the dream they have been seeking not the jungle they wish to forget.

It needs to be green

There is something very attractive about a healthy lawn, one glistening in shades of green without a balding patch in sight.  Yet we all know how much maintenance it takes to keep a lawn looking green and healthy.  For many of us, those perfect contrasting green lines of grass are something we aspire to but never quite achieve.  If your lawn looks like it has seen better days, it may be best to invest in some new turf.  It may feel like an unnecessary expense, but having your garden in the best possible condition could add value to your home and, what’s more, help it to sell more quickly.

Just like new

It isn’t just your lawn that needs to look healthy and just like new; the winter months having taken a toll on many a home’s exterior, especially with the storms we have had. Paint and stains have faded on gates and fences, decking may have some slippery grime or peeling stain, weeds have been springing up and some plants may have a survived for another season. Yes, there is work to be done, but the benefits are certainly worth it. Put yourself in the shoes of a potential buyer: how would you feel about seeing a garden in tip-top shape and full or colour, compared to one that has seen better days? Your offer may reflect how you feel, so make sure that your buyers see the value your garden brings to your home.

Bring the lifestyle to life

Adding some finishing touches to your garden for a viewing brings to life the lifestyle your home offers to a potential buyer.  A viewing is the opportunity for your property to transform into a home for sale. You want that show home feel that is organised yet warm, welcoming and intoxicating. 

A table and chairs is just that, but add a tray with a couple glasses and a bottle and suddenly your buyers are seeing themselves sitting there on a warm spring evening. A wall seat may go unnoticed, but a throw, a cushion and a book transforms it into a cosy space to while away an afternoon. No matter the size or style of your garden, there are little touches you can add to bring your space to life. You don’t need to go overboard, just a couple here and there is enough to get a buyer’s mind starting to imagine living there.

It deserves it

Give your garden the spring clean it deserves, and you are putting your home in the best position for selling in this busy spring season. For more advice on how to prepare your Kent home for sale, call a member of our sales team on 01634 570057.

Content contributed by The Federation of Independent Agents.

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Do I really need a for sale sign when selling my Medway home?

Posted on by Sophie Winter

Not everyone loves a for sale sign outside their home; and as you venture around Medway you will see a variety of property boards. But, as common as they are, not everyone wants to have a for sale sign outside their home.  People have a variety of reasons they are not a for sale sign fan – they may not wish for their neighbours to know they wish to move, or potentially risk having random strangers knocking on their door. Yet there are many advantages to having a for sale sign that you may have overlooked; which is why our team at Century Residential would like to share with you the value of having a sign when you’re selling your Medway home.

Powerful marketing tool

In such a competitive property market like we have been seeing in Medway for the last year or so; one of the most powerful tools we have is the for sale sign. With the advances in technology and a variety of ways to search for property online; over 90% of buyers will begin their search for a new home there. However, not all buyers are actively looking for a home; and we regularly receive calls from potential buyers who have seen a for sale sign outside a property that is of interest.

These buyers may have had their eye on your home for some time, or have fallen in love with the street where you live. Moving has been a niggle and not a impulse, but when they see the house that has caught their attention and been hard to forget; that niggle starts to grow into action and before they know it they are making a call to us.

It starts with a chat

It isn’t only us who are in love with property and know which new properties have come onto the market in our area. Once a board has gone up, it doesn’t go unnoticed. It’s not just friends and family that start to talk about your move; but neighbours and people within your community, as well as passers-by, could spread the word. Word-of-mouth marketing is organic: your home can be mentioned in a chat with a friend, who then mentions it to a neighbour, who then jumps on the internet to have a look. Conversations about property are a valuable way of reaching potential buyers and helping them to find their dream home; you never know, the next conversation could be about yours.

Can help to sell more quickly

Having a variety of marketing tools including the for sale board can help sell your home more quickly. The more awareness we can create for your property, the more potential buyers we can reach, which in any kind of property market is going to be an advantage. At Century Residential we are not in business to list as many homes in the area as possible so that our boards become an eyesore. When we value your home, the figure we present is what we know can be achieved by our team to get your home SOLD. We will always negotiate to get you the highest possible sales price, but no one wants a for sale sign gathering dust outside their property because their house was on the market at an unachievable figure.

It’s a visible marker 

Not every property is easy to find, house numbers can often be obscured or missing, street lighting not effective, and streets can feel hidden. You want any potential buyer arriving at a viewing feeling positive and excited; not frustrated and annoyed because they have spent the last 20 minutes struggling to find your home.  A for sale sign clearly indicates where your property actually is; making find you for a viewing an easier and calmer experience for buyers.

Is this what you want?

Sometimes, unknowingly, we can put obstacles in our own way to delay or prevent things we are not exactly sure off. If you are against having a for sale sign when selling your home, you need to ask yourself why?  Could it be you are not ready to move and, if so, you may find you unwillingly continue to place obstacles during the sales process making the experience not fun for anyone. If you are questioning if you should have a for sale sign, ask yourself, is this move something that I really want?

No one puts Baby in the corner

This famous Dirty Dancing quote is perfect to stress to you that when you are selling your home you want it to be seen, to shine and sparkle in the spotlight. A for sale sign is a wonderful way to make sure that your home receives the attention it deserves, and you could soon be dancing your way to a sale. If you are ready to sell your Medway home, call our team today on 01634 570057 .

Content contributed by The Federation of Independent Agents.

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Why you need to get moving if you want to sell your home in Gillingham

Posted on by Sophie Winter

Selling your home can often involve some tactical decisions, as well as those practical and heartfelt ones. Only you know when you feel the time is right to place your home on the market; but according to the experts there is one month proven better than others. Recent data from Rightmove confirms that March is the best month for sellers; as it is the time with the highest number of potential buyers per available property. This is why you need to get moving if you want to sell your home in Gillingham.

“There is usually a wave of buyers in March through to spring, who are hoping to be in their new home by the end of summer, or are acting on a desire to move which has been growing since the start of the year. This means that sellers coming to market at this time are often met with plenty of interest for their home, in many cases leading to a successful sale,” states Tim Bannister, Director of Property Data at Rightmove.

Spring into action

One of the beautiful things about spring is how everything starts to come to life; there are signs now, such as daffodils starting to bloom. Just as nature dusts the cobwebs of winter, it is time for you to spring into action and prepare you home for sale if you want to take advantage of this seller season. But where should you start?

It may sound a bit cheesy but, honestly, a spring clean is the best starting point there is, and we don’t just mean a physical one. One of the main barriers that many sellers have when selling their home is letting go. You may be all for a move, but are you ready to see your home for what it is, flaws and all, and make the right changes to attract the bounty of buyers? It is not always easy to see your home as though you were a buyer, but by doing so you are doing everything you can to maximise the value of your home.

A spring clean isn’t only about spotless windows and pristine floors; but at the heart it’s ensuring your home is organised, clutter free, and homely. Many sellers when preparing their home for sale can go too far; creating a sterile scene that is soulless and void of personality. Take some inspiration from show homes and home magazines where rooms are clean and tidy but have beautiful touches; such as vases of flowers, carefully put together book shelves, and accessories which complement the décor.

Get it right from the start

From the first photograph presented online, to the sight when a buyer takes those first excited steps towards your home; no matter how beautiful your home looks inside, first impressions can make a huge impression when it comes to viewing or buying a property. Over the last few weeks our homes have been battered by winds and rain leaving our exteriors not looking their best, which is why it is essential you put some work in.

Freshen up any paintwork, tidy your garden and add some seasonal plants; (let’s face it a garden or planter always looks a thousand times better when it has some colour in it). We cannot promise a sunny day when it comes to viewings; so the more you do to add some life to your home’s kerb appeal can only help those active and determined buyers who choose your home to view.

Last but not least give us a call.

When it comes to the Gillingham market, we are the experts you need to navigate you through the entire process; from ensuring it is priced correctly, through negotiating offers to working tirelessly throughout the sales process, so your home doesn’t just sell but is successfully sold. Therefore, if you are looking to sell your home, call our team at Century Residential on 01634 570057 today.

Content contributed by The Federation of Independent Agents.

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Thinking of buying a house in Gillingham? What should you expect in 2022?

Posted on by Sophie Winter

When it comes to the Gillingham property market in 2021 and the UK in general; words like crazy and frantic spring to mind. It was a year where the number of properties on the market was low and yet demand was overwhelming at times. Where house prices reached record highs at times; and many buyers were left out in cold and even struggling to get viewings. As we are heading to the end of the first month of the year, what is it like out there for buyers? What should you expect if you are looking to buy a home in Gillingham in 2022?

What has been happening

Competition for homes from buyers was fierce at the end of last year; which has been confirmed by data from Propertymark (the leading membership body for property agents). “Our Housing Market Report for November revealed an average of 29 potential buyers for every available property per branch – a 21% increase in competition from October, however, despite a rise in the average number of potential buyers, a record low supply of properties was recorded, with an average of just 20 homes per branch – 50% less than in November 2020,” stated Nathan Emerson, CEO at Propertymark.

With the end of the stamp duty holiday last year, it was predicted that things may settle down this year; but this has not been the case. According to recent data from Rightmove; the number of buyers enquiring about homes is 15% higher than the same time last year. Yet, before you start to panic and wonder if you are going to face the same challenges finding a home as last year; there may be some light on the way for your search.  Rightmove figures show that the number of requests for home valuations during the first working week of 2022 was up by 44% on the same time last year, and up by 48% on the same period in 2020.

What this means is that we should start to see more homes coming on to the market; giving you more choice as a buyer. At Century Residential, we are seeing an increase in the number of enquiries by potential home sellers, who, due to a steadier return to normality, have increasing confidence about making that move which they have been considering for a while. There will still be competition for properties; and there are things you can do to make sure you are in the best position should you find that home of your dreams.

What you can do?

Buying power is what you need if you’re looking for a home in the next couple of months; and that can start with thoroughly understanding your financial situation.  Playing the guessing game on presumptions and out-of-date agreements; is going to place you on rocky ground before you have even begun your property search.  You also don’t want to fall in love with a property; and start to plan where you will put your furniture, only to discover that you can’t afford it.  Do a full financial audit, make sure your credit rating is in a healthy place; and then seek professional advice from a mortgage adviser; if you unsure who to ask, we can certainly recommend a mortgage broker who has helped many of our clients.

We all have a vision of what our next home will look like; but what you think you want and what you actually need can often be very different. Sticking to an ideal and not being willing to be open to ideas; or being able to compromise will make your search virtually impossible. Often it can be those properties that you had discounted for one reason or another; that end up being the ones that steal your heart.

If you are selling a home as well as buying; in this market it is essential that you find a buyer for your property first, before you start to search for your new home.  You don’t know the position of other potential buyers; and having a buyer for your property will place you in a strong buying position. Additionally your offer will be considered stronger as a result.

You are not on your own

Many buyers underestimate the value an estate agent can bring to their search. Give our team a call today and let them know exactly what you want and need from your next property. You never know, the next home we are called to value could just be that one you are looking for. For more advice on the Gillingham property market, and how to navigate it as a buyer, give our team a call today on 01634 570057.

Content contributed by The Federation of Independent Agents.

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What does 2022 hold for you and your home?

Posted on by Sophie Winter

With every new year we have expectations of the year ahead; we always hope it is better than the last, and during a pandemic we wish that even more. Yet, as we know, there will be a few challenges for us this year as economists predict that our living standards will deteriorate. But there is also some light too, whether you’re looking to move home or stay put, it is always good to be prepared. Our team at Century Residential have come together to give you an insight into what 2022 holds for you and your home.

Base rate increase

If you didn’t have your eye on the ball last month, you may have missed the Bank of England’s surprise decision to increase the base rate to 0.25% from 0.1%; after the Monetary Policy Committee approved the decision. This is the first rise in more than three years.

How does this affect you?

The central bank uses the base rate to charge other lenders and banks when they borrow money; which in turn influences the rate at which you borrow and savers earn. This may only equate to a relatively small increase in your monthly payments for those with a variable rate mortgage; and if you have a fixed rate deal you can breath a sigh of relief as you are protected for now. Should you be looking to secure a new mortgage you will find that the rates are higher.

Buying a home

If you were looking for a home over the last 18 months; you will have been caught up in a frenzy where available properties have been few and buyers many. This lack of supply over demand saw house prises rise and many buyers missing out on properties; and even not even getting a viewing. We predict that this year will see things starting to balance out a bit. We have already seen an increase in requests for valuations from sellers in Medway and the surrounding areas. It’s not just us that have seen an increase in valuation requests; Rightmove have also stated that they have seen a 19% increase in requests compared with this time last year. We’re excited with the range of homes that we predict will be coming on to the market in the new few weeks.

Selling your home

Last year was most certainly a sellers’ market but we do believe this year we will see more stability in the housing market; although we still expect it to be strong for sellers.

“If you do decide to sell your home in the new year, your chances of finding a buyer are very high; as we’re still seeing huge levels of buyer demand, and not enough homes available to buy”, according to Rightmove’s property expert Tim Bannister. We have many buyers registered with us at Century Residential who are still looking for their first or next home. If you’re curious about the current value of your property or thinking about moving; give our team a call on 01634 570057.

Make your finances a priority

Regardless of what ups and downs this new year will bring; you have the power to get yourself in a healthy position financially. We can all make small changes here are there that can help towards a deposit, a new bathroom, or even simply improving your quality of life.

When is the last time you did a rigorous assessment of your outgoings? You will be surprised by the number of people who don’t realise they are paying small subscriptions out for one thing or another every month. Be frugal about shopping and more so about what you waste; every positive change you make at home will have an impact one way or another to your monthly finances.

What is in your 2022?

New year plans and resolutions can often change or be put on the back burner as life takes over; but whatever you do this year, always keep a watchful eye on what’s happening financially around you. Placing yourself in a financially savvy position will only be of benefit when you decide it is time to move home; and when that time comes, we will make sure that your money is invested wisely. 

Content contributed by The Federation of Independent Agents.

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