November Newsletter from Durden & Hunt

November Newsletter from Durden & Hunt




Reasons to sell right now

 
From apartments to family homes, the average asking price of a property has risen to record levels around every region of the UK.
 
Whilst some people will choose to wait until the 2022 market has officially started, we have four reasons why it's the ideal time to ready your home for your new year sale right now.
 
Your home will be in front of a record number of potential buyers
 
The amount of people looking to relocate continues to outweigh the number of homes available for sale.
 
Furthermore, it's an immensely competitive market following the last year of intense activity and interest, with Rightmove and Zoopla reporting that they see the highest visitor numbers in the days after Christmas year-on-year.
 
You could get a better price for your home
 
Asking prices have hit record heights in 2021, so if it's been a few years since you last learned your home's value, you could see far more than you ever expected.
 
The budget for your next home might have changed
 
Depending on your property priorities, you might find that your dream home is within reach, as location is no longer the most desirable characteristic and demand levels are influencing price points on the market.
 
Favourable mortgage interest rates
 
Mortgage interest rates continue to stay low, and lenders remain eager to propose loans in the competitive market, helping you to secure your next move that much faster.
 
Find out your home’s true value with us today by booking your market valuation.
 
 



UK house prices have climbed on average by £25,000 in the past year alone

House prices rose by 10.6% during August, up from 8.5% during July – bringing the average price to £264,000.*
 
This strong national increase is being fuelled by the perfect storm of high buyer demand combined with low housing stock levels.
 
The stamp duty holiday helped increase house prices in the UK by 9.8% in the year to August, before coming to a close in September.
 
Whilst growth rates were seen to be higher in Wales and Scotland, the average prices are lower at £195,000 and £181,000 respectively.
 
At the same time, London has seen the lowest level of growth across all regions but has reached a new height at £526,000 on average.
 
Even though the stamp duty holiday has finished, experts believe that prices won’t fall due to demand for homes remaining higher than supply.
 
Online property searches spike over the Christmas period, giving you an optimal window to showcase your home and attract buyers in the new year.
 
To learn your property's value and get it market-ready in time for the holidays, contact us.
 
*Office for National Statistics
 
 



Reasons to sell right now

 
From apartments to family homes, the average asking price of a property has risen to record levels around every region of the UK.
 
Whilst some people will choose to wait until the 2022 market has officially started, we have four reasons why it's the ideal time to ready your home for your new year sale right now.
 
Your home will be in front of a record number of potential buyers
 
The amount of people looking to relocate continues to outweigh the number of homes available for sale.
 
Furthermore, it's an immensely competitive market following the last year of intense activity and interest, with Rightmove and Zoopla reporting that they see the highest visitor numbers in the days after Christmas year-on-year.
 
You could get a better price for your home
 
Asking prices have hit record heights in 2021, so if it's been a few years since you last learned your home's value, you could see far more than you ever expected.
 
The budget for your next home might have changed
 
Depending on your property priorities, you might find that your dream home is within reach, as location is no longer the most desirable characteristic and demand levels are influencing price points on the market.
 
Favourable mortgage interest rates
 
Mortgage interest rates continue to stay low, and lenders remain eager to propose loans in the competitive market, helping you to secure your next move that much faster.
 
Find out your home’s true value with us today by booking your market valuation.
 
 



UK house prices have climbed on average by £25,000 in the past year alone

 
House prices rose by 10.6% during August, up from 8.5% during July – bringing the average price to £264,000.*
 
This strong national increase is being fuelled by the perfect storm of high buyer demand combined with low housing stock levels.
 
The stamp duty holiday helped increase house prices in the UK by 9.8% in the year to August, before coming to a close in September.
 
Whilst growth rates were seen to be higher in Wales and Scotland, the average prices are lower at £195,000 and £181,000 respectively.
 
At the same time, London has seen the lowest level of growth across all regions but has reached a new height at £526,000 on average.
 
Even though the stamp duty holiday has finished, experts believe that prices won’t fall due to demand for homes remaining higher than supply.
 
Online property searches spike over the Christmas period, giving you an optimal window to showcase your home and attract buyers in the new year.
 
To learn your property's value and get it market-ready in time for the holidays, contact us.
 
*Office for National Statistics
 
 



The paint colours that could decrease the value of your home

 
Smartening up a room is a great idea to attract prospective buyers, but certain paint colours could put a negative effect on the value of your home, potentially decreasing its value.
 
The use of trendy colours can date a property and be costly to update. So, what are the key colours that experts would suggest avoiding?
 
Dark brown
 
Darker paints can produce a bold and rich feeling, however, when this comes into contact with wooden furniture, there's the possibility that this will create an odd and jarring look for the room.
 
Citrus green
 
Whilst a bold contrast might suit your own tastes, there's a high chance that viewers will struggle to visualise the space as their own.
 
Bright yellow 
 
Despite its positive connotations, overuse of yellow can be overwhelming, especially where used heavily in a small space.
 
Bold black
 
This colour often comes across as daring, dramatic, and striking.
 
While it can lift a wall in an instant, research suggests it can make a front door appear uninviting.
 
Instead, a medium to dark grey with a white trim would give the same powerful impact without being overpowering.
 
Have you had a recent valuation of your home? If you've recently renovated, you could see high returns from your home, contact us today.
 
 



Top tips to avoid damp and other damages

 
Caused by a lack of proper ventilation or condensation, damp poses severe health issues to inhabitants where left untreated.
 
With the problem more prominent in the colder months, we take a look at some of the precautionary measures you can take to protect yourself and your home.
 
Clean down windows and sills every morning
 
Mould can’t grow and thrive without moisture, so it’s important to dry wet areas where condensation has formed as soon as possible.
 
A kitchen towel, window vac or a squeegee will work very effectively.
 
Contain steam from cooking
 
When cooking, ensure you cover your food, pots and pans.
 
Closing the kitchen door whilst cooking is also a good idea, as this prevents steam from escaping the kitchen.
 
Get rid of bathroom moisture
 
Showering or bathing can cause a large amount of steam and moisture to build up.
 
To prevent this from happening, open the windows wide enough for the steam to leave the room or use exhaust fans to channel moisture to the outside of your home.
 
In order to avoid the growth of mould, clean bathrooms with mould-killing products.
 
How to get rid of rising damp
 
If damp and mould happen to get out of hand, speaking to a qualified surveyor is the best solution.
 
They will take a moisture reading in your home, identify the issue and give you advice on how you can resolve the situation.
 
Want help managing your property investments? Talk to us.