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Category: Property Advice

Everything you need to know about renting your home as a holiday let

Posted on by Sophie Winter

Renting out your home as a holiday let can significantly boost your income. However, it’s important to understand the relevant rules and regulations before diving in. This guide will help you navigate the process of renting out your home as a short-term holiday let, and how having the right agent can simplify it.

What is a holiday let?

A holiday let is a property rented out for short-term stays, ranging from a single night to several weeks. These properties are fully furnished and equipped with all the essentials to ensure a comfortable stay. Holiday lets are often located in popular tourist destinations, cities, or other desirable locations.

How much could you earn from a holiday let?

As a holiday let owner, you can set a nightly rate for your property, adjusting it based on seasonal demand. Researching similar properties in your area can help you determine competitive pricing. Consider offering discounted rates for longer stays and increasing prices during high-demand periods like weekends.

Preparing your home for a holiday let

To stand out in the competitive holiday let market, your property must meet certain standards and requirements. A unique theme or décor can attract more guests. Higher-quality properties tend to perform better, as guests are willing to pay more for a premium experience. Whether it’s a cozy log cabin, a modern city apartment, or a charming seaside cottage, properties with distinct personalities are more appealing to guests.

What are the running costs for a holiday let?

Understanding the costs involved in running a holiday let is essential, especially if you’re new to the market.

  • Mortgage Costs: Factor in monthly repayments if the property is mortgaged.
  • Advertising: Continuous advertising across various platforms is necessary to maintain a steady flow of guests.
  • Cleaning: Each turnover requires a thorough cleaning, which means ongoing expenses for cleaning services.
  • Maintenance: Regular maintenance and repairs are needed due to higher wear and tear from frequent guests.
  • Utilities: Gas, electricity, water, and Wi-Fi are ongoing expenses.
  • Insurance: Building and content insurance are required, along with additional coverage for emergencies, accidental damage, and legal issues.
  • Property Management Fees: Working with a letting agent can provide a hands-off approach, managing the property for a fee.

Rules and regulations for holiday lets

Running a holiday let requires adhering to various legal and non-legal requirements. If you have a mortgage, check with your lender or a mortgage broker to ensure short-term rentals are permitted. As a landlord, you are responsible for maintaining the property and ensuring it meets safety standards.

Legal requirements include:

  • Fully furnishing the property
  • Renting it out for at least 105 days per year
  • Performing fire risk assessments and installing necessary fire safety equipment
  • Installing smoke and carbon monoxide alarms
  • Obtaining a gas safety certificate

Non-legal requirements include:

  • PAT testing for electrical appliances
  • Obtaining an electrical safety certificate
  • Conducting hazard assessments for pools and hot tubs

As a local letting agent, we can handle these requirements for you, reducing stress and ensuring compliance.

The importance of managing a holiday let

Managing a holiday let can be time-consuming, depending on its popularity. High-quality customer service is essential for repeat business and positive reviews, which boost the property’s appeal. An external management service can handle guest queries, maintenance, and other tasks, allowing you to focus on providing the property and enjoying the profits.

Looking to rent out a property as a holiday let?

If you want to know more information about holiday lets please contact our local lettings experts on 01634 570057 or book a free online property valuation.

Recent Articles

How to sell your home quickly

Posted on by Sophie Winter

Want to know how to sell your home quickly? Selling your home is a process and it’s essential to safeguard both you as the seller and any potential buyers. Completing all the necessary legal work and documentation typically takes time, making it improbable to finalise a sale overnight.

The time it takes to sell your property can vary based on current market conditions, as house prices and buyer demand fluctuate. However, there are steps you can take to speed up the process.

Selling your home with a trusted estate agent

Choosing a reputable estate agent can streamline the selling process, alleviating much of the effort from your shoulders and placing your property in the hands of professionals. A trusted estate agent, like CR Real Estate, offer expert marketing and photography services to ensure your property makes an excellent first impression on potential buyers. We will also create a listing for your property on the leading property portals, Rightmove and Zoopla. To explore your selling options with local experts, contact our team here.

Preparing your home for sale

Your online listing will need photos that showcase your home to potential buyers. A well-presented property is more likely to attract interest. Cleaning and staging your home now will make it easier to take appealing photos when the time comes. This preparation also benefits viewings.

Sell your home in just 56 days

Using the modern method of auction can significantly speed up the selling process. Your property will be listed for a set period, typically 30 days, allowing buyers to bid on it. At the end of this period, your property is reserved for the highest bidder, who must exchange contracts and complete the purchase within 56 days. While selling via auction can result in a higher or lower price than anticipated, it accelerates the selling process and prevents your property from sitting on the market. Find out more about selling by the modern method of auction by contacting our team on 01634 570057.

Free property valuation

Discover how much your property could be worth with a free, no-obligation property valuation. Book an appointment, and one of our local experts will be in touch.

Recent Articles

Is summer a good time to sell your home?

Posted on by Sophie Winter

Deciding when to sell your home can be challenging. We understand that sellers want to move at a convenient time while also aiming to maximise the sale price for their next property.

Although the property market is active year-round, the summer months are especially advantageous and popular for listing your property for several reasons.

Stable property prices

We recognise that some homeowners have been more hesitant about selling recently. There has been uncertainty regarding future property prices, and sellers naturally aim to secure the best possible price.

While some might believe their property could sell for more if they wait for the market to grow, they also risk getting less if prices decline. A stable market is not only safer for sellers but also attracts typically cautious buyers.

Reassuringly, the average property price in June barely changed since May (a difference of less than 0.0%) and is up 0.6% compared to this time last year, suggesting that prices have stabilised for now.

With property prices currently stable, now is an excellent time to book in a free property valuation from a local selling expert.

Show summer highlights of your property

Summer is the ideal time to showcase your outdoor spaces, so consider sprucing up your garden with some light gardening, lawn care, and staging of garden furniture.

The sunny weather naturally brightens viewings, providing an opportunity to highlight features such as skylights and bay windows.

Photographs taken during this season will benefit from natural light and better weather, making your property more appealing and creating a strong first impression on buyers. Prospective buyers will also enjoy exploring the local area more during summer.

Good time for families to buy

Many potential buyers are likely in the same situation as you, wanting to move before the year ends. This increases the chances that your house could be quickly sold to someone aiming to move before the colder months.

If your property is spacious, it might be perfect for a family wanting to move while their kids are on summer break. This timing would allow them to enroll their children in their new school early in the academic year, or even before the term starts.

Moving in the summer is also more convenient due to clearer weather, making it easier to move your belongings. Some potential buyers may have waited until summer to move for this very reason.

If you want to move this year, it’s essential to take action now.

Selling your property takes time, so it’s best to start as soon as possible. Given that the conveyancing process can take on average around 12 weeks, plus the time needed for the buyer to secure a mortgage, you’ll need to act now if you want to move before winter.

Earlier this year, it took an average of 78 days to find a buyer. By May, this wait time had decreased by 28 days, with Rightmove reporting an average of just 60 days to secure a buyer.

Listing your property for sale now increases your chances of finding a buyer quickly. Get started with a free, no-obligation property valuation from our local experts to get an estimate of your property’s market value.

Recent Articles

5 common mistakes buyers need to be aware of

Posted on by Sophie Winter

Whether you’re a first-time buyer, downsizing, relocating for work, or searching for a new home for any other reason, there are common mistakes to be aware of and to try and avoid. But the excitement of buying a new property shouldn’t be dampened by easily avoidable mistakes. That’s why we’re highlighting five of the most common mistakes buyers make when purchasing a new property, so you can steer clear of them.

Searching without a Mortgage in Principle

A Mortgage in Principle is an estimate from a lender of what buyers could borrow, providing a reference for affordability when searching for a property. Though not an outright offer, it’s typically accurate enough to guide your property search.

Our partner, The Residential Mortgage Hub, can get you a Mortgage in Principle in just 30 minutes. Book your initial appointment today to learn more.

Lack of budget planning

Understanding your financial limits as a buyer is important when searching for a new property. Realistically assess your price range to avoid disappointment. Consider all associated costs, including upfront expenses like the deposit, mortgage costs, insurance, and ongoing costs such as council tax.

Not researching your desired property’s location

Buyers can be easily sidetracked with a property and overlook the importance of its location. Make sure the surrounding area suits your lifestyle to avoid future regrets. Consider factors like commute times and transport links if you need to travel for work. For drivers, assess the property’s accessibility.

Families should check the availability of local amenities such as schools, shops, and job opportunities. Pet owners should ensure there are nearby green spaces for exercise.

Not making the most out of viewings

Always view a property in person before deciding. Missing out on key details during a viewing can lead to unpleasant surprises after finalising your mortgage. Prepare a list of priorities for viewings, focusing on the rooms and amenities that matter most to you. Thoroughly inspect the property, including areas like counters, skirting boards, and plumbing.

Going with the first lender you talk to

While a friendly lender may be persuasive, it’s important to explore multiple options. Otherwise, you might settle for a less favourable rate. The Residential Mortgage Hub searches over 90+ lenders to secure the right deal for you, ensuring you’ve thoroughly explored your options.

Ready to start your search?

Book your first appointment today to start planning your future. Appointments are available via phone, face-to-face, or video call. Alternatively, you can request a callback from the team at The Residential Mortgage Hub at your convenience.

Recent Articles

Switching estate agents: could a fresh approach be the key to selling your home?

Posted on by Sophie Winter

Maybe things started off well, but now viewings are sparse. You might feel your agent’s initial enthusiasm has dwindled, or perhaps you’re questioning if your home was overpriced initially, especially if you’re now being urged to make a significant price reduction.

Being stuck on the market is frustrating, especially when you see your neighbours selling their homes and moving out. It might be time to consider a new strategy. But how can you be sure that switching estate agents will improve your situation?

In this week’s blog, you’ll find all the information you need to switch agents confidently and choose the best one to get your sale back on track.

What is your reason for switching estate agents?

People switch estate agents for various reasons, and some of the most common ones we hear when they come to us include:

  • Their plans have changed, making the move more urgent.
  • Their home has been on the market for a long time with few or low offers.
  • They’re disappointed with the marketing of their home.
  • They’re getting no viewings and no new enquiries.
  • They’re being pressured to reduce their price significantly from the initial valuation.
  • They don’t enjoy communicating with their agent, or the relationship is strained.
  • They’ve lost confidence in their agent’s ability to find a buyer.

If any of these relate with you, switching estate agents could be your next step. Remember, there’s no such thing as an unsellable home, and it’s never too late to start fresh.

What are the benefits of switching estate agents?

Even if your home has been on the market for a long time, switching estate agents might seem like an unnecessary hassle. After all, don’t all buyers just look at the same property portals these days? Isn’t one agent much the same as another?

Actually, there are several benefits to changing estate agents, including:

  • Your property will be reset as a new listing on the property portals (if you stayed with the same agent, you’d have to take it off the market and wait 16 weeks to regain that status).
  • New photos taken from different angles and a new description can make your home look fresh on the market, catching the eye of buyers who may have missed or discounted it before.
  • You’ll have the benefit of hindsight and experience to ask the right questions of your next agent (more on that later).

Switching estate agents can also replace any feelings of resignation with renewed confidence in your move. Whenever you’re feeling stuck, taking action is always the answer.

Review your current agents results and performance

When considering a change of estate agents, take a moment to reflect on your time on the market, examining the interest you’ve received and your experience with your estate agent.

  • How was the communication when booking viewing appointments, providing feedback, and staying in touch?
  • Were you greeted warmly whenever you called, or did you feel like a nuisance?
  • Are your photos and description a good combination that does justice to your home and entices people to view?
  • How many viewings has your agent arranged, and how does this compare to other homes they are marketing?
  • Has your estate agent successfully sold homes similar to yours in the area, or does your listing seem out of place among their others?
  • Is your asking price the one your agent advised, and does it reflect recent comparable sales in the area?
  • Has your estate agent made any suggestions about presentation, either initially or in response to viewer comments?

Choosing a new estate agent

If you’ve decided to switch your estate agent, consider these tips to help you find your new selling agent:

  • Search property portals for homes similar to yours and check the agents’ websites to find the best marketing strategies.
  • Contact your second and third-choice agents from your initial valuation to get their updated thoughts on price, market conditions, and their sales strategy.
  • Look around your local streets for signs from other agents selling homes like yours.
  • When agents visit your home, do they support their suggested asking price with recent comparable sales?
  • Review their terms of business for contract lengths, notice periods, and whether any costs are payable upfront or if it’s completely no sale, no fee.
  • Try asking them to lower their commission rate – not necessarily to pay less, but to identify the strongest negotiator. The best agents typically aren’t the cheapest.
  • Lastly, consider which agent’s company you enjoyed the most. Your relationship will last several months, so choose someone you trust and enjoy speaking to each week.

How to switch estate agents correctly

Once you’ve chosen a new estate agent to take over the sale of your home, follow these steps for a seamless transition:

  • Provide written notice to your current agent according to the terms of your contract and request a confirmation response.
  • Obtain a list of the names of people who’ve viewed your property so you can inform your new agent and avoid potential double fees.
  • Instruct your current agent to transfer any keys they hold to your new agent.
  • Ask your new agent for recommendations on minor repairs or presentation improvements to prepare for their new photographs.
  • Discuss with your new agent the best strategy for selling your home—whether to switch and relaunch on the same day or take a short break from the market.

With these steps, you’ll ensure a smooth transition and a fresh start to get your move underway.

Is it time to switch estate agents?

If you’ve read this far, you’re likely considering your options for switching estate agents and getting your home sold. If so, we’d love the opportunity to show you how we can help you find a buyer and get your move underway.

Give us a call on 01634 570057 or book an appointment online to share your plans with us and see how we can help.

Recent Articles

How long does a valuation take?

Posted on by Sophie Winter

When looking to sell your home, getting at least one valuation is essential for determining a reasonable asking price. But what exactly is involved in a valuation? Who conducts it, and what’s the typical timeframe for a house valuation?

Our team of property experts have created this easy-to-read guide to provide you with the answers you need.

What to expect at a valuation

As an estate agent we will assess your home’s worth based on factors like its location, condition, market trends, and size.

We advise that you prepare your home for valuation much like you would for a viewing: clean, tidy, and decluttered to showcase its best features. Our property partners will take photographs for advertising purposes at a later date, but you want to showcase the full potential of your property so that we can decide on its maximum value.

During the valuation process, you can take advantage of the opportunity to ask advice on any minor repairs or cosmetic improvements that might improve your chances of making a sale.

At the valuation’s conclusion, we will provide you with an estimated value, possibly in a range (e.g., £220,000 to £227,000), giving you the discretion to set the asking price. We will also share details of comparable local sales and listings to provide context to our valuation.

An accurate valuation is important for a successful sale, and as local agents we are much better placed to provide a valuation that reflects the current market, supply and demand and local trends accurately. It’s important to note that, a property valuation differs from a mortgage lender’s valuation, which is typically less comprehensive.

Contact us today for a complimentary property valuation!

What are we looking for during a property valuation?

When valuing your home, we will take into account the following factors:

  • Location – As a local estate agent we have an excellent understanding of the area, including knowledge of the most sought-after road and postcodes. Factors such as proximity to amenities, transportation links, flood risk, and access to green spaces are all taken into consideration.
  • Property type – The demand for different types of properties varies across time and regions. Period properties might be highly sought after in some areas, while modern homes are more popular in others. As an estate agent, we understand the local market and current trends which is crucial for accurately valuing your property.
  • Number of bedrooms – Generally, a property with more bedrooms will be valued at a higher price, even if another property in the same area has more floor space or a larger plot. However, if a property has a lot of bedrooms but limited living or outdoor space, the asking price may be lower than a comparable property with a better balance. Families searching for ample space throughout the home are often drawn to properties with multiple bedrooms.
  • Parking – Off-road parking is a valuable feature that can increase a home’s value by approximately 10%. Not only does it offer convenience, but a parking space or drive can also lower insurance costs.
  • Property condition – Significant issues like damp or a damaged roof can reduce a property’s valuation. Buyers often factor in the estimated cost of necessary repairs or improvements when making offers. Therefore, the asking price should align with the property’s condition and the costs associated with improving it.
  • Recent sales of similar properties – As an estate agent, we rely on information about recent sales of comparable properties in the area to determine the appropriate asking price. These sales reflect current market conditions, buyer preferences, and demand for various property types.
  • Plot size – If you have land with your property, our experts will offer an insight into the value of land and property per square foot in your specific location. Typically, the larger the plot of land on which a property stands, the higher the asking price.

If you have land that you are looking to sell, please get in contact with our Land and New Homes Department on 01634 570057.

How long does a valuation take?

We typically recommend allocating about thirty minutes to an hour for a house valuation. Although it may be completed in as little as 15 minutes!

We always recommend allocating some extra time, so you have the opportunity to ask any questions regarding the sale. Remember a valuation is not only about getting an idea of the price. It’s also an opportunity to get some tips on how to help your home sell and to see if you like an estate agent. Consider asking the following questions to help in your decision-making process:

  • Have you recently sold any properties similar to mine?
  • What is the average duration for selling a property in your experience?
  • Have you sold any homes on my street or nearby?
  • Can you suggest any repairs or enhancements that could benefit the saleability of my home?
  • What services are included in your fee?
  • Do you provide professional photography services?
  • Do you have any client testimonials or reviews available for reference?

How long is a valuation valid for?

A property valuation typically remains valid for six months. The housing market can change quickly. So, if you do not sell within six months of having your home valued, it’s a good idea to get it valued again. Additionally, it’s advisable to request a fresh set of valuations if significant changes are made to the property. Even minor home improvements have the potential to impact the property’s value positively.

Who can value my property?

Property valuations can be conducted by either an estate agent or a qualified surveyor. It’s advisable to obtain valuations from two or three professionals to gain an accurate understanding of your home’s value.

It’s important to note that opting for the highest valuation isn’t always the wisest decision. Some estate agents may inflate property values to secure your business, and overpricing can result in underselling.

Are you looking for a property valuation?

If you’re thinking about selling or want an estimate of its potential value, feel free to reach out to our experts today. Fill out this quick and easy online form and our team will be in touch.

Recent Articles

How you can boost your property value by £48k

Posted on by Sophie Winter

Do you find yourself using your garage as a storage space for clutter, or does it stay empty because the idea of constantly moving your car in and out seems too bothersome?

A study conducted by Admiral Money has unveiled that up to 51% of individuals in the UK seldom or never utilise their garage for parking their cars. Instead, they tend to fill it with tools or furniture that remains unused. In fact, the total of unused garages is so substantial that Admiral’s calculations suggest that almost 600,000 homes could potentially be in the space wasted by them!

However, by dedicating some effort and resources, this overlooked space in your home has the potential to significantly enhance the value of your property. Admiral’s research also demonstrates that a simple garage conversion could incur a minimal expense, starting at £6,000 for a single garage, while a comprehensive conversion might range from £10,000 to £20,000. But the value it could add your home is much more – estimated at around £48,000!

Why are homeowners converting their garages?

Conducted using data from the ONS, this study comes during a period when individuals aspiring to live in larger homes might encounter obstacles due to escalating mortgage rates and higher housing costs. However, as stated by Admiral, opting for a garage conversion provides an alternative avenue. This allows homeowners to tailor their residences to align with their lifestyles in the aftermath of the pandemic.

The study uncovered that a majority of homeowners who undertook garage conversions did so with the aim of expanding their living area (67%). The most favored choices were utility rooms and home offices. However, 24% chose to repurpose their space for recreational purposes, opting for features such as bars, home cinemas, and gym facilities.

Converting your garage

In addition to the potential for enhancing property value, another significant advantage of transforming your garage into a room is the low likelihood of requiring planning permission and it often avoids the need for extensive structural modifications. This can make it a highly cost-effective method to expand your living space and overall square footage.

While the initial conversion expense might seem discouraging, homeowners have the option to increase the mortgage on their property for garage renovation. Recent statistics suggest that this approach could potentially increase the average property value across the UK by over £48,000 and even up to £150,000 in certain London postal areas.

Factors to consider during a garage conversion

Prior to moving forward, it’s crucial to thoroughly consider whether you, or a potential future property buyer, might require the use of your garage. This assessment is particularly relevant if you reside in an area where parking is challenging or if your driveway has space for only one car.

If you’re seeking ingenious ways to utilize the space, enlisting the help of an architect can be beneficial. The fees for professional architects and engineers can commence at £1,500 and extend up to £3,000.

According to Martin Hitchcock, an architect, the essence of a successful garage conversion lies in assessing your current home usage and contemplating potential improvements.

We’d suggested thinking about these questions prior to starting any plans:

  • Could extending an existing room into the garage prove advantageous?
  • Is it feasible to convert a portion of the garage while retaining the rest for storage purposes?
  • Do you possess alternative parking options if you proceed with the garage conversion?
  • How would your car’s placement outside a window in the converted garage impact the natural light in your new space?

Have you recently converted your garage and want to know what your property is worth?

Why not contact our expert team today to discuss your property and its new value. We can provide you with a fully detailed sales report and local comparison to show you during the valuation.

Recent Articles

Opportunity for Landlords with rising rental yields

Posted on by Sophie Winter

According to research, UK rental yields have experienced a slight increase in the past year, despite the housing market’s volatile nature. The research analysed house prices, rent values, and yields in June 2022 and June 2023 to understand the impact of the economic environment on buy-to-let investment returns.

What are the average rental yields in the UK?

Despite the challenging period in the UK with rising mortgage rates, there is an opportunity for proactive investors due to lower house prices and increasing rent values. The latest data shows that the average yield in the UK currently stands at 5.2%, marking a 0.4% increase compared to the previous year.

Among the regions, Scotland offers the strongest yields at 5.9%, making it an attractive place for investment. Other regional hotspots include Northern Ireland (5.7%), the North West (5.5%), Yorkshire & Humber (4.9%), and London (4.7%). Scotland also leads in terms of annual yield increases, showing a rise of 0.64%. Several other regions are performing well in terms of yield growth, with London at 0.49%, Wales at 0.35%, the West Midlands at 0.34%, the North West at 0.34%, and Yorkshire & Humber at 0.34%.

The battle for a place to rent

Data commissioned by the BBC reveals that competition among renters has intensified significantly, with 20 requests to view each available property. The average number of requests to see a home has more than tripled from six in 2019, according to figures from property portal Rightmove.

Additional research shows that tenants are reportedly making offers higher than the asking rent or even arriving earlier to secure a spot at the front of the queue. From our experience we are seeing that properties are getting rented out after the initial block of viewings due to the exceptionally high demand.

Lettings Manager, Sue Barnes suggests that the market presents opportunities for investors willing to take calculated risks, and the current UK environment exemplifies this. Despite economic struggles and concerns over rising mortgage rates, buy-to-let landlords with the means to handle current mortgage deals should consider seizing opportunities when suitable properties come to market in favourable locations. She emphasises that investors should take advantage of these moments when others may be hesitant.

Looking to invest?

We have a broad selection of ideal buy-to-let investment properties available, contact our expert team today to discuss this opportunity and how we can help you.

Recent Articles

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.

Recent Articles

Are you happy at home this Christmas?

Posted on by Sophie Winter

Christmas is a time about family, coming together with friends and family; and spending time with the ones we love.  It’s a season where we hope for a greater sense of belonging; where communities come together in celebration, through their decorations and events. A time when memories are made and traditions old and new are enjoyed, and most of all we long to be happy at home. What is it you seek when buying a new property that will truly ensure that you are happy at home this Christmas?

Recently, Rightmove, Britain’s well-loved property website, released the findings of their annual Happy at Home Index for 2021; which announced the happiest place to live in Great Britain. But it wasn’t the list of towns that caught our eye; more the findings in their research that were fascinating to read.  Now in its tenth year, the Happy at Home Index asked over 21,000 people across Great Britain; about their feelings about where they live and to rank ‘Happiness Measures’.

This has been a record-breaking year for house moves. At Century Residential we have been continually surprised by the demand for properties and not just from people living locally. In fact Rightmove predict by the end of this year 1.5 million transactions will have taken place! But what the Happy at Home Index discovered is that of those people that have moved within the last 12 months; two-thirds have moved to a different area and are happier as a result.

Happiness Measure

The top voted for ‘Happiness Measure’ within the Happy at Home Index was a sense of belonging; and it is this that home buyers really need to tap into when looking for a new home. It doesn’t matter what kind of property you have, if it is your dream home or not; if it isn’t in the right location will it really fulfil your needs and bring you complete happiness? A sense of belonging is so important to all of us; and it isn’t the big things, often, that turn a property into a home.

It can be as simple as a stranger saying good morning to you as you walk down the street; or a quick chat with the manager of your local coffee shop. The enjoyment you get from being able to access green spaces easily and having people you know and love close by. When buying a house it is also good to concentrate on the things you can change and not on those you can’t. Not liking a property’s décor or furnishings should not be a deal breaker; yes it may be costly to transform to your taste, but not as costly as buying the wrong house.

The pandemic is still seeing people making bolder and yet more certain decisions on where they would like to live. Our whole attitude has changed towards what we want out of a property and with working from home being the norm now for many, location can be a lot more flexible than it has ever been. Therefore, think about what you need from where you live: is it a place you can be yourself, are there green spaces close by, a coffee shop, bars to meet up with friends? A place to exercise, choices of music, artistic and cultural events or whatever you love to do?

Jamie Newbold, Branch Manager suggests: “Buyers often start their search with a wish list completely focused on the property itself; and locations based on areas they like without much thought on the realities of what it will be like to live there. We know that buyers in Medway who have thought first about where they want to live; due to the lifestyle it provides often have a happier and more successful move.”

If you are looking for a new home this Christmas; make sure it provides you with a sense of belonging, a place where you would be Happy at Home. If you would like more advice on the different areas with in Medway or Kent and what they each have to offer, give our team a call today on 01634 570057 so we can add some magic to your search. Well, it is the season where anything can happen!

Content contributed by The Federation of Independent Agents.

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How to keep you and your home warm this winter

Posted on by Sophie Winter

The weather has turned, from heaving downpours to chilly temperatures, those woolly hats and thermal coats are now becoming the norm. We know that many people in Kent are worried about keeping warm this winter with the rising cost of energy bills and as such, according to the Energy Saving Trust, four out of ten of us will be avoiding switching the heating on. With more of us working from home than ever before, being cold will certainly be a hindrance to productivity. With this in mind, our team at Century Residential have come up with some ideas to help you and your home stay warm this winter.

Change your habits

The last thing we would suggest is being very uncomfortable and cold so if you need to put the heating on can you turn your thermostat down by one degree?  By doing so, it is estimated you can save up to around 10 per cent of your fuel bill.

Soft furnishings

Making a few new additions to your home’s interior décor can help keep the warmth in; which can only be a bonus. Thermal curtains can provide your room with extra insulation via ‘triple weave technology’; they also have blackout and noise-reducing capabilities. So not only can they help to keep the heat in but they also can keep your room cosy.

Rugs are also another way to add additional insulation; around 10 per cent of heat can be lost through uninsulated floors. Whether your floors are insulated or not; the addition of a stylish rug will be a great way to keep your home snug this winter. Draught excluders are probably not something you had thought of as the ideal accessory for your home; but those retro beauties can really make a difference in keeping the cold air out. There are a wonderful array of styles available on the market these days, you are bound to find one to match your colour scheme.

Additional warmth

There doesn’t seem anything sexy about having an electric blanket; but we bet that when you venture upstairs and feel the chill in the air, you will be delighted to snuggle under the covers to glorious warmth rather than experience the sudden shock of icy sheets. An extra blanket or throw is an ideal accessory to any room; something to cosy into whilst watching a movie, or an extra layer on your bed.

Another way to add extra warmth is through a good old hot water bottle – quick and easy. There is no more perfect way to eliminate any chills when you arrive home. You can choose from those full of beans which you can heat up in the microwave; or a traditional boiled water filled one.

Extra warmth

Of course it is always beneficial to put on an extra layer but make sure it is a thermal one; you don’t need to be heading down the ski slopes or hiking over the moors to wear such clothes. Good winter woollies are worth their weight when it comes to colder days and nights. A good pair of warm slippers can keep your feet warm; which will also help your overall body warmth. Underlayers such as thermal leggings, merino wool tops or even an extra vest; will all help to keep you feeling comfortable when things get chilly.

Your feet are one part of your body you should really ensure are kept toastie,; because if your feet are cold you will start to feel cold all over. If your slippers are not doing the trick, look into an electric foot warmer, and you will soon start to feel those shivers disappear.

Film, Foil and Bleed

If your windows can be a little bit draughty, you may not have the funds to replace them at this time; but that doesn’t mean you can’t do something about it. There is an easy solution available on the market and that is with secondary glazing film which can help insulate the glass. The sticky film is easy to apply and will add an extra layer for protection from the elements.

When you switch your heating on you want to ensure you get every ounce of warmth for your hard- earned pennies; and another easy solution is to use radiator insulation foil. This padded self-adhesive foil just sits behind your radiators and makes sure the heat is radiated into the room; making cosier spaces ideal for the winter months ahead.

When is the last time you bled your radiators? When you have your heating on, you want them to be working at their best and any trapped air will stop the warm water circulating around your radiators properly. As a result it will take your rooms longer to warm up.

Keep the chill out

We hope some of these ideas will help keep you and your home warm this winter. If you are selling your home at the moment in Medway or the Kent area and it feels like you’re out in the cold; we can warm up your sale. Give our team a call today on 01634 570057.

Content contributed by The Federation of Independent Agents.

Recent Articles

Low supply on the property market fuels prices in Kent

Posted on by Sophie Winter

Over the past few months property prices have increased; as the widening supply-demand imbalance continues to have an impact on the housing market.

The latest housing survey from The Royal Institution of Chartered Surveyors (RICS) shows that 70% of its members reported an increase in house prices last month. This is up from the 69% reported in September. The latest October survey showed the first increase in the property price balance since May this year.

In addition other reported surveys have also highlighted the rising house price growth since July; when the first phase of the stamp duty holiday came to an end, before it expired in its entirety at the end of September.

What does this mean if you’re looking to sell your home?

Well its a win-win situation as it’s reported that the inventory on the market has slipped back towards historic lows; meaning that there is less competition out there when you’re looking to sell. This lower-than-normal supply will only start to equal out next spring given how seasonal the UK housing market is. Meanwhile this supply/demand imbalance will support prices in the meantime.

Additionally more than two-thirds of surveyors said that they expect house prices to continue rising over the coming year; despite the expectations of higher Bank of England interest rates. The low supply on the market is the central point to both the current price trend and expectations for the next year.

We’ve seen a stronger-than-normal demand in buyers here at Century Residential; which has been boosted by frustrated buyers who were unable to move during the stamp duty holiday.

What does this mean for buyers?

A positive for any buyers or home movers is that there are ultra-low borrowing costs at the moment in the mortgage market. As well as many lenders relaxing their lending criteria for the first time since the pandemic began.

How can we help?

Our team are dedicated to helping you make your property dreams become a reality. Give our team a call on 01634 570057 to see how we can help you today.

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