Ensuring your home is prepared for the colder months is not only about keeping yourself warm and comfortable but also about managing your energy consumption efficiently. When winter approaches, it's important to take several essential steps to make your home more energy-efficient and cosy. Here are some essential steps to start with:
Check your heating system: Before the cold sets in, have your heating system serviced by a professional. Clean or replace filters, check for leaks and ensure your thermostat works correctly.
Insulate your home: Proper insulation is crucial for keeping warm air in and cold air out. Inspect doors and windows for drafts, using stripping or caulk to seal gaps or cracks.
Clear gutters and downspouts: Remove any build-up from gutters to stop ice dams, which can cause damage to your roof and walls.
Protect pipes: Insulate exposed water pipes to prevent freezing and bursts. Disconnect garden hoses and shut off outdoor water taps.
Roof inspection: Check your roof for damaged or missing shingles to prevent leaks during heavy snow or rain.
Chimney maintenance: After a hiatus, get your fireplace or wood burner inspected and cleaned to ensure your safety.
Stock up on winter essentials: Purchase essential winter supplies like salt or sand for de-icing walkways and a snow shovel, and assemble an emergency kit in case of power cuts.
By preparing for winter now, you can keep your home in great condition - essential if you intend to sell soon . To learn more about planning a winter or spring sale, contact us on the details below.
Are you tired of the frustrating process of searching for a rental property that meets your needs? It often feels like searching for a needle in a haystack, especially in today's competitive market. However, with the right strategies and tools at your disposal, you can improve your chances of securing your dream rental property. In this blog post, we'll share five proven tips to help you in your quest.
1. Define Your Ideal Rental Location
The first step in your journey to securing the perfect rental property is to define your ideal location. Take advantage of modern technology by using map-drawing tools available on popular property portals or by exploring Google Maps to check distances to local amenities. Beyond just pinpointing your preferred area, it's essential to delve deeper into your neighborhood research. Consider factors like school quality, public transportation options, nearby facilities, and even the overall vibe of the community. This level of detail can make all the difference in your decision-making process.
2. Thoroughly Research Your Chosen Area
Knowledge is power when it comes to securing a rental property. To make an informed decision, delve into the local rental market of your chosen area. Can you realistically afford to live there? What's the average cost of a suitable rental? Look beyond the surface and consider aspects such as crime rates and any planned future developments in the area. The more you know about your chosen neighborhood, the better equipped you'll be to make the right choice.
3. Utilize Search Filters
As you embark on your online property search, it's essential to make use of search filters effectively. Don't waste time sifting through irrelevant listings; instead, streamline your search results. Use keywords like 'garden' or 'parking' to filter homes that align with your specific criteria. Additionally, you can narrow down your search further by setting filters for price range, the number of bedrooms, and property type. By doing so, you'll save valuable time and energy in your quest for the perfect rental.
4. Prepare Your Finances and Paperwork
In today's competitive rental market, financial readiness is key. Ensure you've budgeted for the required deposit and one month's upfront rent. Beyond that, gather all the necessary proof of income to pass affordability checks with ease. Having your references in place and, if necessary, securing a trustworthy guarantor in advance can significantly boost your chances. Collect essential documents such as bank statements, pay stubs, and a comprehensive rental history to present a compelling case to potential landlords.
5. Stay Informed and Act Quickly
To stay ahead of the competition, take advantage of property alerts and notifications. Set up email alerts on popular property websites like Zoopla and Rightmove to receive timely updates on new listings. Additionally, consider signing up for Beal's property alerts in your desired location. These services provide instant notifications when new properties become available, giving you a competitive edge in the rental market. It's essential to regularly check your email and be ready to act swiftly when you receive alerts.
In conclusion, securing your dream rental property doesn't have to be an overwhelming task. By following these five proven strategies, you can streamline your search, be well-prepared, and significantly increase your chances of finding the perfect rental property. Whether you're meticulously defining your ideal location, conducting thorough area research, using search filters effectively, preparing your finances and paperwork, or staying informed and acting quickly, each step brings you closer to your dream home. To make your search even more efficient, head to our website to explore the fabulous rental properties we have on our books. With the right strategy and resources, you'll soon be settling into your ideal rental home.
Tired of missing out on rental properties?
We know it can be frustrating, you finally find a property you love but it doesn't stay on the market long enough for you to register your interest. When a new property hits the market, there are quite often as many as 30 potential tenants interested.
So what's our solution? Follow us on Instagram for exclusive sneak peeks!
It's that time of year again, and we're excited to kick off Pension Awareness Week 2023, marking the tenth anniversary of this initiative aimed at raising awareness about securing your financial future and retirement planning.
We understand the importance of making informed decisions about your Pension and estate planning.
Why It Matters: As you navigate your financial journey, it's crucial to review and track all the different pensions you've contributed to over the years. This ensures that you maximize your retirement benefits. Many people lose track of Pension pots when changing jobs, leading to inactive Pensions that can underperform over time.
We will refer you to Beal's Mortgage and Financial Services Ltd who will be able to provide information and advice on any Pension related matter.
Did you know?
£26.6 Billion is thought to be locked away in old Pensions. You’ve probably had more than one job in your life, meaning you’re likely to have more than one pension pot – but do you know where they all are?
Reasons you should consider consolidating your Pensions.
Simplicity: Consolidating your pensions makes account management easier with fewer pots to keep track of.
Investment Choice: You may gain more choice in how your Pension is invested, potentially increasing your returns.
Cost Savings: Consolidation can help you save on fees associated with managing multiple Pension accounts.
Streamlined Management: Relying on one Pension provider can simplify your retirement planning.
Pension Questions to Ask Yourself
As you focus on securing your financial future, consider these important questions:
How much am I paying in? Many people don't know how much they're contributing to their Pension. Could you afford to pay in a little more? Your employer may also contribute, so make sure you're taking full advantage of this benefit.
Have I lost or forgotten about a Pension? Tracking down old Pensions is more important than ever. Even small, forgotten pension pots can make a significant difference in your savings. If you've lost track of a Pension, Beal's Mortgage and Financial Services offer a FREE Pension Tracing Service to help you find it.
Is your Pension invested in the right funds for you? Default investment options in workplace Pensions might not be the best fit for your financial goals. Consider reviewing your investment options and choosing funds that align with your objectives.
Take Action Today
So if you're looking for pension advice, whether that be reviewing your current schemes, consolidating them into one pot, or tracking a lost or forgotten Pension, get in touch today. Beal's Mortgage and Financial Services are here to help you secure a brighter financial future.
The value of Pensions and the income they produce can fall as well as rise. You may get back less than you invested.
Tax treatment varies according to individual circumstances and is subject to change.
Beal's Estate Agents isn't regulated by the financial conduct authority as such we would introduce you to Beal's Mortgage And Financial Services Ltd.
Beal's Mortgage and Financial Services Ltd are appointed representatives of Quilter Financial Services Ltd and Quilter Mortgage Planning Ltd which are authorised and regulated by the Financial Conduct Authority.
Beal's Mortgage and Financial Services Ltd and Quilter Financial Planning are not responsible for any services offered by Beal's Independent Estate Agents & Surveyors.
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Approver Quilter Financial Services Limited & Quilter Mortgage Planning Limited 12/09/2023
Welcome to a world where your new home's value and charm extend beyond its walls. Have you ever wondered about the captivating potential of a beautifully landscaped garden? It's not just about aesthetics; it's a transformative investment that can increase your property's value by up to 20%. Recent research has unveiled that an inviting garden is a key factor for 70% of potential homebuyers. Your garden is your secret weapon to elevate your property's worth.
Alfresco Dining/Outdoor Kitchen
Imagine hosting delightful gatherings in an enchanting alfresco dining area or an outdoor kitchen. A sun-kissed afternoon, a gentle breeze rustling through the leaves, and a gathering of your closest friends and family. This isn't just a space; it's a setting for creating cherished memories while indulging in culinary delights surrounded by nature's beauty.
Step into a world of relaxation with a meticulously designed patio that seamlessly blends indoor and outdoor living. It's not just a patio; it's your personal retreat, perfect for both tranquil mornings and lively get-togethers. You step onto your patio, and suddenly, you're transported to a sanctuary that's entirely your own. The gentle transition from your interior space to this outdoor oasis is so seamless that it's like the two worlds were meant to intertwine.
Add a Lick of Paint
Revitalize your outdoor space with a simple yet impactful fresh coat of paint. This rejuvenation instantly enhances your garden's allure, beckoning you to spend more time in its vibrant ambiance.
Experience the seamless harmony of indoor living extended outdoors. Picture yourself lounging in an outdoor space that mirrors your interior style, where comfort and nature unite. You step out from your cosy living room onto your outdoor retreat, and it feels like you're entering an enchanting extension of your home.
Discover the serenity of a private oasis within your garden. Integrate elements like graceful trellises and verdant screens to create a haven where you can escape the world.
Simplify your outdoor life with smart storage solutions that enhance both convenience and aesthetics. From chic storage benches to functional sheds, organization has never looked this appealing.
Imagine a workspace that invigorates your productivity by surrounding you with nature's tranquility. A garden office seamlessly combines work and relaxation, nurturing your well-being.
Add a Water Feature
Immerse yourself in the soothing sounds of a water feature that transforms your garden into a peaceful sanctuary. Whether a gentle fountain or a serene pond, water becomes a source of serenity.
Nature's beauty knows no bounds. Elevate your garden's charm with an array of plants, from vibrant blooms to lush foliage. A carefully curated landscape is a testament to your new home's character. The radiant blooms or the verdant foliage, your garden becomes a narrative of nature's beauty unbounded. It's a celebration of life's vibrancy and your unique connection to it, an invitation to immerse yourself in a symphony of colour and texture
Get Creative With Outdoor Lighting
Extend your garden's enchantment into the night with artful outdoor lighting. Illuminate pathways and showcase focal points, setting the stage for unforgettable evenings under the stars.
We invite you to experience our latest blog post at www.beals.co.uk where we delve into the art of unlocking your home's potential through adding value to your garden and giving it an upgrade. This blog is your ultimate guide to turning your outdoor space into a chill zone where you can fully relax. We are talking tips & tricks you can actually use to make this space your own.
Considering a new property purchase? Our portfolio showcases an array of homes, each holding the promise of becoming your perfect outdoor haven. If you're contemplating your property's worth, seize the opportunity to schedule a complimentary, no-obligation valuation with our experienced professionals.
Are you looking to enhance your home's market value? Consider starting with a kitchen renovation. A new kitchen often tops the list of valuable home improvements. However, you don't have to break the bank to transform it into a dream space. In this blog post, we'll share some budget-friendly DIY tips and tricks that will help you refresh and increase your property's value.
Give your units a facelift
Before considering costly cabinet replacements, try painting your cabinets first. It's amazing what a fresh coat of paint can do to breathe new life into your kitchen. Choose a colour that complements your overall decor. By repainting your cabinets, you can achieve a cost-effective transformation. Additionally, you can consider spray painting the handles or replacing only the cabinet doors for an extra upgrade.
Go vinyl for your flooring
When it comes to affordable and durable flooring options, vinyl is a great choice. These days, you can find high-quality, thick vinyl tiles that mimic the look of real wood or stone. Vinyl flooring is not only more budget-friendly than hardwood or ceramic tiles but also easier to install. Its warmth underfoot adds a cosy touch to your kitchen, making it an ideal choice for a renovation on a budget. Complement your new kitchen floor by creating a feature wall that matches your desired kitchen theme, adding visual interest to the kitchen space.
Bare your wares with open shelving
If your cabinets make the space feel cramped, consider swapping out some of them for open shelving. Open shelves create an illusion of extra space and light. They provide an opportunity for you to display your favourite kitchen items, such as colourful dishes or cherished cookware. Open shelving adds a personal touch and can be an attractive feature for potential buyers or tenants.
A dark kitchen can feel confining and uninviting. By improving the lighting, you can make a significant difference in the overall ambiance of the space. Consider installing stylish hanging bulbs or spotlights over your worktops to brighten up the area. Adequate lighting not only enhances functionality but also creates a more welcoming atmosphere for both residents and guests . Even a small change in lighting fixtures or adding under-cabinet lighting can make a big impact on your renovation project.
Upgrading your kitchen can increase your property's value by up to 10%. By implementing these budget-friendly DIY tips, you can transform the area without overspending. If you want to attract more buyers or tenants, it's essential to present your property in its best light. A well-designed and updated kitchen can be a major selling point. Potential buyers often look for a modern, functional space when searching for their dream home.
To take your kitchen renovation to the next level, consider other cost-effective upgrades such as replacing outdated faucets and hardware, adding a fresh coat of paint to the walls, or installing new window treatments. These small changes can go a long way in revitalizing the overall look and feel of the space.
If you're uncertain about the best approach for your renovation project or need assistance with other aspects of property improvement, don't hesitate to contact us. Our team of experts can provide valuable insights and help you make informed decisions that will maximize your property's market value.
In conclusion, a kitchen renovation doesn't have to be an expensive endeavour. With some creativity and DIY skills, you can refresh the area on a budget and increase your property's value. By following these tips and tricks, you'll transform your kitchen into a dream space that will impress potential buyers or tenants. Start your renovation journey today and enjoy the rewards of a beautiful and marketable kitchen.
Are you ready to keep your garden looking stunning this summer? With temperatures soaring to record-breaking levels last year, it's crucial to have a solid plan in place to ensure your garden stays in tip-top shape. In this blog post, we'll provide you with valuable tips and insights to help you beat the heat and maintain a thriving garden throughout the summer season.
One of the most important aspects of summer garden care is watering. The scorching sun and high temperatures can quickly dehydrate your plants. Aim to soak your garden thoroughly once or twice a week to promote deep root growth. Additionally, be sure to give plants in hanging baskets and containers a daily drink as they tend to dry out faster. During periods of hot and windy weather, increase the frequency of watering to twice a day to prevent moisture stress. By establishing a consistent and adequate watering routine, you'll help your plants stay healthy, vibrant, and resilient to the summer heat.
While tending to your plants, keep a watchful eye for common garden pests, such as greenflies and blackflies. These tiny invaders can wreak havoc on your plants if left unchecked. Consult your local garden centre for expert advice on effective strategies to tackle these pests and protect your precious garden. They can recommend organic or chemical methods to control pests while maintaining the health of your plants.
If you have a greenhouse, it's essential to create optimal growing conditions for your plants during the summer. Set up shady areas using shade cloth or strategically placed potted plants to protect your greenhouse plants from direct sunlight. Additionally, spray the greenhouse floor with water in the morning to increase humidity levels, creating a conducive environment for growth. This simple step can make a significant difference in maintaining healthy and thriving plants throughout the summer months.
Proper lawn care is also crucial for a well-maintained garden during the summer. Experts recommend mowing your lawn regularly, but with a little and often approach. This means cutting the grass to a shorter length more frequently rather than letting it grow long and then cutting it all at once. This practice prevents stressing the grass and helps maintain its resilience during the hot summer days. Furthermore, consider composting the grass clippings gradually instead of allowing them to accumulate on the lawn. This allows the clippings to decompose and return vital nutrients back to the soil, preventing the underlying layers from being smothered and promoting healthy growth.
Creating a harmonious ecosystem in your garden can also contribute to its overall health and beauty. During extreme heat, provide food and water sources for birds and other wildlife. Consider installing birdbaths, bird feeders, and shallow dishes filled with water. These elements not only support the well-being of local wildlife but also attract them to your garden. In turn, they can assist in controlling pests naturally, creating a balanced and thriving ecosystem.
If you're planning to sell your house this summer, don't overlook the importance of an attractive and well-maintained garden. Potential buyers are often drawn to homes with inviting outdoor spaces. A lush and vibrant garden can significantly enhance your property's curb appeal. Make sure to keep your garden tidy, weed-free, and well-manicured. Trim overgrown plants, prune shrubs, and add colourful flowers to create a visually appealing environment. Consider adding seating areas or outdoor features to showcase the potential for outdoor entertaining. For more tips on preparing your home to attract buyers, consult our expert team today. We can provide personalized advice based on your specific needs and budget.
With climate change leading to more sizzling summer days, implementing these tips will help you keep your garden flourishing and beautiful throughout the season. Don't let the heat discourage you from enjoying your outdoor oasis. Follow these expert suggestions and make the most of the summer in your vibrant and thriving garden.
Are you struggling to make your small kitchen a space where you want to spend time? The kitchen is often considered the heart of the home, but limited space can pose challenges. Fortunately, with the right techniques, you can maximize your kitchen's potential and create an inviting environment for cooking and gathering with loved ones. In this blog post, we'll share our top tips for optimizing space in your small kitchen while maintaining style and functionality.
Here are our top tips to make the most out of your space and maximise your kitchen's potential.
The colours you choose for your kitchen have a big impact on the feel of the room - bright and bold colours often make a space feel small and cluttered. A simple black and white colour scheme offers a sleek and modern look, giving the illusion of more space. Alternatively, Scandi-inspired wooden countertops bring a fresh and airy feel.
The key to maximising space in a small kitchen is to use open shelving and hooks as storage. Keeping countertops clear gives you more space to prepare food, and open shelving means everything you need is easily accessible. You can hang pots and pans from hooks and store dry ingredients such as pasta and rice in jars on the shelves.
Another key consideration is the type of flooring you choose. Large tiles are great for giving the illusion of more space, whereas small tiles require more grout which draws attention and gives a more enclosed feel. If you have an open plan space, zoning areas with different flooring gives an illusional of two spaces without compromising on space.
Whilst having an aesthetic kitchen is desirable, it also has to be functional. Adding an island or breakfast bar to your kitchen can be a great use of space, doubling up as a preparation area and seating area. If you don't have space for this, extendable and collapsible furniture is a great option for space efficiency.
Is your small kitchen no longer working for you? It may be time to upsize.
Our friendly team of property professionals is always on hand to help you find your dream home.
Take a look at our available properties - your ideal kitchen could be just a click away!
An outdoor space can be a wonderful addition to any home. It allows you to enjoy the beauty of nature while also providing a relaxing and comfortable space for entertaining and spending time with family and friends. However, creating an inviting outdoor space can be a bit of a challenge, especially if you're not sure where to start. In this article, we'll take a look at some tips and tricks for creating an outdoor space that is both beautiful and functional.
One of the most important elements of any outdoor space is the plants. They not only add beauty and colour to the space, but they also provide a sense of nature and serenity. When choosing plants for your outdoor space, it's important to consider the climate and the amount of sunlight the space receives. Some plants, such as succulents, are drought-tolerant and can handle full sun, while others, like ferns, prefer shade and moisture.
Another important factor to consider is the size and style of the plants. If you have a small space, you may want to opt for smaller, more compact plants. On the other hand, if you have a large space, you may want to choose larger, more dramatic plants that can act as focal points.
Once you have your plants in place, it's time to add some furniture and accessories to your outdoor space. The key is to choose pieces that are both functional and stylish. For example, a comfortable seating area is essential for entertaining and relaxing, while a dining area with a table and chairs allows you to enjoy meals outside.
When choosing furniture, it's important to consider the materials. Wicker and teak are popular choices for outdoor furniture, as they are durable and can withstand the elements. If you're looking for something a bit more modern, you may want to consider metal or plastic furniture.
In addition to furniture, there are many other accessories that you can add to your outdoor space. For example, a fire pit can provide warmth and a sense of ambiance, while a water feature can add a sense of tranquillity. Outdoor lighting is also important, as it can provide both functional lighting and a sense of ambiance.
Another important aspect of creating an inviting outdoor space is to create distinct zones. This means dividing the space into different areas that serve different purposes. For example, you may want to create a dining area, a seating area, and a play area for children.
Creating zones can help to make the space feel more intimate and functional. It also allows you to better define the different areas and make the most of the space.
The key to creating an inviting outdoor space is to make it personal. This means incorporating elements that reflect your personal style and interests. This can be anything from a collection of outdoor artwork to a small herb garden.
Personalizing your space can also mean adding some of your favourite outdoor activities. For example, if you enjoy reading, you may want to add a comfortable reading nook with a few books and a cosy blanket.
Privacy is also an important aspect to consider when creating an inviting outdoor space. This can be achieved through the use of landscaping, such as tall plants or a privacy fence, or by positioning your outdoor furniture and accessories in a way that provides a sense of seclusion.
For example, if you have a small outdoor space, you may want to consider adding a privacy screen or wall to create a sense of seclusion. Or you can use natural elements like tall bushes and trees to block the view of the surrounding area.
Don't forget to add a touch of colour to your outdoor space. This can be achieved through the use of colourful plants, outdoor artwork, or colourful cushions and accessories.
For example, you can add some colourful flowers and plants to your garden, or you can hang some colourful outdoor artwork on your walls. You can also add some colourful cushions and accessories to your outdoor furniture to add a pop of colour and make the space feel more inviting.
Creating an inviting outdoor space is not just about the initial setup and design, it also requires regular maintenance and upkeep to keep it looking beautiful and functional. This includes tasks such as watering and fertilizing plants, cleaning and maintaining furniture and accessories and keeping the space free of debris.
To make the maintenance process easier, it's important to choose plants that are low-maintenance and hardy. It's also important to choose furniture and accessories that are made from durable materials that can withstand the elements. Additionally, regular cleaning and upkeep of furniture and accessories can help to prolong their lifespan and keep them looking like new.
Creating an inviting outdoor space is a great way to enhance your home and enjoy the beauty of nature. With the right plants, furniture, and accessories, you can create a space that is both beautiful and functional. Remember to choose plants that fit the climate and sunlight, add comfortable and stylish furniture and accessories, create zones, personalise the space, incorporate privacy and add a touch of colour. With these tips in mind, you'll be well on your way to creating an outdoor space that you and your loved ones will love to spend time in. To make the process even easier, you can order beautiful flowers and plants from My Express Flowers, a company that offers a wide range of options to suit your needs and preferences.
Is your garden not quite big enough? Get an instant online estimate of your property's value in under 60 seconds. Want a more accurate price? Book a free valuation here and get advice on finding your ideal home.
Becoming a tenant for the first time and moving into your rental home is an exciting but daunting time, and we understand there is a lot to think about. These top tips will help you prepare for your move and understand your new responsibilities.
Narrow your search
It's also a good idea to make a list of all the features you're looking for and check the rental home has everything you're looking for.
It's easy to overlook certain aspects, such as location, parking or storage, when you find a property you like, but they may have a significant impact on your day-to-day life once you move in.
Understand the contract
Before you sign a contract, make sure you understand what is included and what additional expenses you will incur to help you decide whether you're getting a good deal.
Check whether utility bills, water charges and council tax are included, and compare prices of similar rental properties in the area.
As a tenant, you have the right to view the properties Energy Performance Certificate (EPC), be protected from unfair eviction, have your deposit protected in an approved protection scheme and have it returned at the end of your tenancy providing you have met your responsibilities, live in a property that is in a good state of repair and have quiet enjoyment.
Your responsibilities as a tenant include avoiding damage to the property, paying rent on time, paying bills as set out in your contract, allow your landlord to conduct inspections providing them give sufficient notice, report problems to your landlord and not sub-let the property unless your contact states you can.
When you move into your new rental property, you should check the inventory to avoid potential disputes in the future, read the metres to ensure your first bill is accurate, make sure you understand which bills you are responsible for, inform the DVLA and your bank that you have changed address and register for council tax.
Click here to view our latest rental properties
With energy prices at a record high and set to increase even further, you might be thinking of ways to cut down your energy bills.
As Winter approaches, here are our top tips to help reduce your energy consumption and keep bills to a minimum.
Turn off sockets
A simple way to cut down energy consumption is to turn off appliances left on standby. You can use plug sockets that can be turned on and off via your phone, or use timer plugs to schedule appliances to be turned on and off.
Install a smart thermostat
Smart thermostats help reduce your energy consumption by allowing you to track your usage and giving you more control.
They only heat the rooms that you are using, learn how long it takes to heat a room and can be controlled by your phone so you can change the temperature whilst you're not in the house.
Energy efficient appliances
Whilst replacing a perfectly good appliance won't save you a lot of money, swapping old appliances for high-efficiency appliances is a worthwhile investment. Look for A+++rated appliances as these use less energy, helping cut your energy bills.
Cooler clothes washes
Washing clothes at a lower temperature helps reduce your energy consumption, and if you can condense the number of cycles you do per week this will cut your usage further.
Stop the draught
Retaining heat in your property is key to cutting your energy consumption as a draughty home can cause it to lose heat quicker, making you want to keep your heating on for longer.
Investing in double glazing helps insulate your home, as well as sealing cracks, lining your letterbox and blocking unused chimneys.
Book your free evaluation with us at https://beals.co.uk/free-valuation/
With the festive period over for another year, you may be ready for a fresh start. As buyer interest bounces back, here's 5 reasons to put your home on the market this January.
On the run up to Christmas, activity in the housing market typically slows and picks up again in the new year. With buyers feeling rejuvenated after the festive break and ready for a fresh start, you're more likely to capitalise on interest and secure a quick sale.
Stamp duty cuts
With the Government announcing cuts to stamp duty until March 2025, now is a good time to move home if you want to save money. The cuts mean that you would pay 0% stamp duty on properties up to £250,000, and for first-time buyers you will pay no stamp duty on properties up to £425,000.
Secure a higher selling price
House prices saw substantial growth throughout 2022, but with interest rates rising and mortgages becoming more difficult to secure, house prices are expected to start declining in 2023*. If you're looking to achieve the maximum price for your home, it may be a good idea putting your property on the market sooner rather than later.
A Spring move
In 2022 it took an average of 150 days from a sale being agreed to completing**, meaning that if you put your home on the market in January, you are likely to be moving house during the Spring months. Spring is a great time to move as you benefit from longer days and warmer weather, but avoid the sweltering Summer heat.
Spring and Summer are generally the most popular times to move house, and with that comes an increase in non-serious buyers. If you're looking for a hassle free move, January is a great time to put your home on the market.
Ready to take the leap this New Year and put your home on the market? Book a free no-obligation valuation today with Beal's to kickstart your moving journey.
As we say goodbye to another year, let's take a look back on what happened in the 2022 housing market.
From record-breaking house prices to stamp duty cuts, sky-high inflation to mortgage mayhem - it's been an eventful year. And we answer the one burning question: what will happen in the housing market in 2023?
After strong growth in the housing market throughout 2021, January saw a further 0.8% rise in house prices. Stocks began to recover after months of low supply, and coupled with increased buyer demand, transactions were set to flourish. Mortgage rates remained low, though as inflation reached 5.4%, the Bank of England raised the base rate to 0.5%.
As the strong start continued, February and March saw strong growth in house prices, sales agreed and mortgage approvals, and the imbalance between demand and supply set in.
Spring saw strong activity in the housing market as house prices continued to grow, rising by 1.7% in March, 1.6% in April and a further 2.1% in May.
This was supported by a deficit in supply as competition between buyers gave sellers the power to increase their asking price. The number of transactions grew and remained higher than pre-pandemic levels.
The Summer heat saw the housing market cool, with house price growth slowing. June saw house prices rise at the lowest monthly rate since September 2021. This continued throughout July, with low supply fuelling competition in the market.
August saw the cost of living concerns begin to manifest in the market with new instructions reaching a plateau and demand continuing to ease. Whilst transactions remained strong, dwindling supply and demand indicated there would be a slowdown in activity in the following months.
As we waved goodbye to the Summer months, turmoil in the housing market set in. In September , the Government's mini-budget shook the mortgage market, with lenders retracting many of their products, leaving home buyers with a limited offering. However, despite the uncertainty this brought, sales agreed remained strong and demand remained above pre-Covid levels.
October saw house prices fall for the first time since June 2020 and mortgage approvals drop to pre-pandemic levels, as well as a decline in both demand and sales agreed. Mortgage offerings began to recover.
Predictions for 2023
As we head into the new year, a great deal of economic uncertainty prevails. According to Zoopla, mortgage rates are expected to decline as we enter 2023, though rates of 4-5% are expected to be the new norm. After a period of low mortgage rates during the pandemic, 2023 is set to be a year of re-adjustment as mortgage rates return to normal levels.
Similarly to the housing market, buy-to-let mortgages are expected to resurface after many were withdrawn following the mini-budget announcement.
Curious to know how much your property is worth? Book a no-obligation valuation today.