Last month we wrote a blog explaining what some of the most common terms a landlord would come across mean. After all, if you’re a new landlord (or an accidental one), then there is a lot of jargon for you to get your head around. If you’ve not read the first part, you can click here to read it. And if you’re all caught up, then let’s crack on with some more landlord jargon.
The Pros And Cons Of Solar Panels For Your Property
Wed 18 Nov 2020
There is no denying that as time goes on, the cost of living is going up. So it’s no surprise that the idea of producing your own electricity has never been more attractive – especially if it means you don’t have to pay the National Grid every month. That means solar panels. And while these are something we’re seeing a lot of home owners interested in, it can sometimes be difficult to work out if it’s the right solution for you. To help you out, we’ve pulled together some of the pros and cons of installing solar panels in your home.
Or more importantly, why do buyers need one? You see, floorplans are actually quite a recent addition to property listings, only having been introduced around 30 years ago. And even then, they were only really made for particularly grand homes, or for new builds to showcase the difference. But nowadays, you log into any property app and you will see almost every listing boasting a floorplan, from the 8-bed mansion to the humble studio flat. But why is this, and why are they so valuable to buyers and renters?
When you first dip your toe into the water of property investment, it would be nice for that property to be near at hand. An area you know well, one where you can pop round to make sure the tenants are ok, and one you know where all the trades are you may need. But what if the area you live in just does not give you the margin you would like to achieve?
Do you remember how easy it was for you to enter the property ladder? Do you look at your children and think what chance do they have, of having a home they can call theirs? These were thoughts that dawned on James as he tells us. “It was when I had to buy a property for myself and, being a salesman, a lot of my salary is commission-based so things were not exactly straightforward. A thought crossed my mind - it is not going to be easy for my children, so I resolved to buy rental properties which would be there to help them when they wanted to join the property ladder”.
Time Poor, Globe-trotting with work, but still
wanting to invest in Property?
What if your full-time job takes you all over the world and you don’t have the time to find tenants or sort out problems with the current ones, but you still want to invest in property? With interest rates being at an all-time low and the stock market increasingly volatile, many investors are looking to invest their money in property and herein lies the problem; there is often no time to deal with the general day to day hassle and, not-with-standing the current situation with Coronavirus, many people are simply not at home enough to be able to deal with the problems that arise. This was the situation that Phil found himself in, and his mortgage broker told him about Northwood and their Guaranteed Rental Scheme.
When it comes to buying your first property, it’s really easy to get confused. There is a lot to understand, a lot of big processes going on and a lot of excitement at every stage. In the past, we’ve done posts breaking down the jargon around the property market in general, to make it easier to understand what us estate agents are talking about at every stage of the process. But today we wanted to look at one specific area that causes people a few issues – mortgages. So, here are some of the most common terms around getting a mortgage, and what they mean.
You might think that becoming a landlord is a very intentional thing. After all, it involves buying property, making it suitable to rent and then letting it out, all of which mean some pretty big decisions. But in reality, it’s very easy to become a landlord entirely by mistake. This is known as an ‘accidental landlord’, and if you find yourself in this position, it can be difficult to know what to do next.
It’s no secret that Covid-19 has caused a large spike in the property market. More specifically, in people wanting to move house after spending 6 months cooped up inside the same 4 walls, with lots of time to see all the flaws they didn’t notice before, and realise it might not be the home they really want.
As estate agents, this is something we get asked all the time. In fact, it might be our most frequently asked question ever. And we can see why. People want to get the best deal they can on their biggest investment – their property. Particularly in 2020, when every element of life is so uncertain, buyers want to make sure they’re making the right decision. So, with a little inside info, here are a few tips on how the property market performs at different times of year, and what that could mean for you.