How the pandemic has changed the property market
COVID-19 has triggered widespread changes across the country – and the housing market is no exception.
Property sales have rocketed, which has been good news for those looking to sell.
Interestingly, the pandemic has also created some paradoxes in the market.
Rural regions have seen a massive spike in sales, as homeowners looked to escape to the country following the consecutive lockdowns.
A recent survey also concluded that people prioritise bigger gardens and proximity to green spaces more than they once did.
Broadband and mobile connectivity have also become more important as many workers go remote, either from choice or necessity.
Additionally, this home-based work trend has seen buyers prioritising transport links less – though this attitude may reverse as society slowly returns to normal.
Pandemic-induced lifestyle changes could affect the saleability of your property.
Luckily, just knowing what buyers are looking for can help you showcase the most appealing aspects of your home.
Since home hunters are increasingly browsing online and relying on virtual viewings, forward-thinking agencies like us have been busy adapting our marketing strategies to attract the right buyers.
Want to discover how we can maximise the value of your property? Just call our friendly team today.
Property searches often spike in January
Christmas is the time for indulging, spending time with family and watching all the classics.
As we head into the New Year, we've always found a renewed interest from homeowners and tenants, with enquiries and property searches at an all-time high.
We've all spent more time than ever at home in 2021, so you might find yourself planning what your 2022 Christmas could look like and whether you'd like to spend it living elsewhere.
Whilst it's commonly believed that spring and summer see the strongest market activity, year-after-year January has stood out as a time when online searches peak and more people are ready to make and accept offers in a fast timeframe.
Who chooses to move at this time of the year?
The new year property market usually consists of two types of people: first-time buyers and those re-entering the market after trying in the previous year.
In the spring and summer, the market typically becomes much more competitive, with higher supply levels.
If you want a fresh start in 2022, start the process now by instructing your agent, planning your property marketing strategy and taking advantage of the surge in buyer interest.
Whilst we all hoped the pandemic would be contained within 2021, it's now a confirmed reality that it will continue into 2022.
For that reason, we're committed to continuing all of the safety measures and social distancing practices we've implemented this year.
To make your home extremely visible on the property market over the New Year period, contact our agency today – visit our website for more information.
Maintenance suggestions to safeguard your property
We are currently in the midst of winter and the cold weather is now in full force.
Therefore, you need to be informed on how to protect your home against any potential seasonal damage, which will reduce unnecessary spending.
A few years ago, there were a record number of burst pipes in the UK, resulting in over £194 million worth of insurance payouts.*
There are a variety of contributing factors that could lead to expensive repair bills at this time of the year.
To help you cut these costs, we've collated advice every property owner should be aware of.
1) Protect your pipes
A burst pipe can cause up to £4,000 in damages.
Pipe insulation, which can be installed yourself, costs next to nothing. It can be used under sinks, on any pipes running along exterior walls and in attics.
Basements are also important to pay close attention to, as this is where 37% of all burst pipes occur. Insulating your water pipes will prevent them from freezing or bursting, which can be a huge inconvenience for households over the holidays.
2) Insulate your loft space
Investing money into insulating your loft will save you a small fortune in the long run, with average annual savings as follows:**
– £225 on your energy bill per year for a detached house
– £135 on your energy bill per year for a semi-detached house
– £120 on your energy bill per year for a mid-terrace house
Alongside this financial incentive, insulating your attic will mean you're directing heat within your property to the living areas, where it needs to be.
3) Clean out and inspect your gutters
Your property's gutters are there to prevent rainwater from stagnating on your roof.
Regular maintenance and checks will prevent blockages from forming. If a problem forms, you'll start to notice rainwater running down the side of your house and may even spot discoloured walls inside.
Gutters can become clogged with leaves, moss, twigs or even bird nests.
It is very important that the water can be drained, otherwise damp and mould can form, leading to a much more serious issue for you to tackle!
4) Wrap up your hot water tanks
Perhaps an unusual one, but getting your hands on a British Standard Jacket for your hot water cylinder can protect your home and save money too.
The Energy Saving Trust recommends insulation to be 25mm to 80mm thick.
With yearly savings of up to £150, it's estimated that payback on one of these insulation jackets would take just two months.
5) Bleed your radiators
Rather than do this once a year, homeowners and landlords should routinely check their radiators to release trapped air, as this will ensure they're working at maximum capacity whenever you decide to turn the heating on.
6) Close off your chimney
A huge loss of heat can arise from unused fireplaces.
If you have a chimney that you do not use, and you would like to board it up, try a chimney balloon.
They can cost as little as £30 and they are incredibly easy to install, with the balloons keeping the cold air out by blocking any drafts.
For more tips on protecting your home this season, talk to our property professionals.