Stay up to date with all the latest news from Streets Ahead

Stay up to date with all the latest news from Streets Ahead




Why January is a great time to sell?

January is a time of clarity, after shaking off the tinsel and pine needles, it’s the time to return to everyday life with intentions of improving it – which is why plans for moving often come into fruition at this time of year.

 

If you have some reservations about putting your house on the market so soon after Christmas, here are some reasons not to worry and why in fact, January could be the perfect time to sell…

 

New Year, new home

Buyers on the market at this time of year have a completely different mindset than usual. January can feel like a page turned for many people, with plans for a new life right in the margins. You’re less likely to run into time wasters and tyre kickers in the New Year. People looking for a home at this time are serious about their plans, and if your home happens to match their criteria; you’re in luck.

 

Boast your home’s best features

Smart buyers will look for a home in the winter. Not only to avoid the summer frenzy, but also because cold weather is far more revealing, and homes can potentially look their worst in the winter. However, this is a great window of opportunity for sellers. Your agent will be able to showcase the comforts of your home with staging so that your bright, warm and welcoming house contrasts against the dark and cold. A cosy refuge from the cold that holds up nicely in the Winter is bound to look even better when the weather cheers up, and this prospect is certain to draw in buyers. 

 

On the move

In the wake of the holiday season, January is known for being the busiest time of year when it comes to employee redistribution and staff changes. With many people working from home, a change of job may be the push needed for a change of working environment; instead of moving offices, people will be moving to new homes with better office space. 

 

Now is also the perfect time for first-time-buyers to take their first step onto the property ladder. After spending Christmas indoors with family or in a small apartment, a change in environment could be just the thing they need. 

 

Less competition

The winter months are a great time to put your house up for sale, particularly in January when the seasonal lull is still wearing off and fewer properties are on the market. You won’t need to fight for buyers’ attention, and the imbalance of supply and demand could be great news for sellers, as buyers know their options are fewer. It’s also easier to make your home stand out from a (smaller) crowd of homes on the market, and if yours has something special to offer, it won’t stay on the market for very long. 

 

The green element

EPC ratings are becoming increasingly important, and the cold weather will allow you to show off your home’s energy efficiency. Buyers are becoming more conscious about energy bills and individual environmental impact at the moment, and a cosy property with an impressive EPC rating has never been more attractive to buyers than right now. 

 

Ready to get your home on the market? Speak to our team of experts today to get started.



Top interior design trends for 2023 

Interior design is more than just dressing up a property to look nice, it’s all about making your house feel like home. Throughout 2022, we saw hundreds of iconic interior design trends filtering from celebrity quarters into our homes across the UK – from classic throwbacks to hypermodern and minimalist – we can look back on these trends to see what’s being left behind, and what we’ll be seeing a lot more of in the months to come.

 

Hideaway home offices and private spaces

From many of our learned behaviours since the pandemic, isolation and working from home are the two that have become integral to the way our homes look and function. Hideaway offices that are completely separate to the rest of the house offer a healthier work-life balance – a far cry from working at the kitchen table back in 2020.

 

Luxury monochromatic

For a sleek, minimalist aesthetic, monochromatic patterns and palettes will be an ongoing trend stretching far beyond 2023. This style is simply made for bathrooms and kitchens, offering a clean and modern look.

 

Arches

Arched doorways and windows have become big news in extensions and renovations, with gentle curves softening out the clean-cut edges that have proliferated for so long. Moving away from sharp corners and straight lines, softness has become very contemporary in recent years, with home designs seeing relaxed, stripped-back styles replacing the bold and edgy.

 

Wavy wood

Soft and curved wood is the modern interpretation of the humblest of materials, implementing a stylish, smooth spin on one of nature’s roughest textures. From curvy coffee tables to smooth seating areas, nature-inspired homes can swap out rustic textures for something sleeker and more refined with these materials.

 

Vintage furniture

Fast furniture might be on the way out, as the lack of longevity for these highly accessible pieces creates catastrophic waste. Those decorating their homes into 2023 come from a planet-conscious generation, and vintage furniture is the way to keep the cost down and find beautiful, high-quality furnishings without having to overspend.

 

Lavender

Lavender is making a lot of noise in the interior design scene, and for good reason. The balanced, soothing tones make it a versatile colour for decorating – whether it’s used as an accent or as a statement. The sweetness of the pink and coolness of the blue make for a happy medium that can be implemented into all areas of the home for a stunning pop of colour that doesn’t steal away the whole show.

 

Statement stone

From classic marble countertops to romantic rose quartz coasters, stone finishes are the perfect statement. These natural materials with their glossy surfaces and muted hues will be making a welcomed comeback into 2023.

 

Bringing back the 70’s

The 1970’s influence we’ve seen on fashion runways lately has clearly translated into the interior world, and it’s no surprise that the earth tones, biophilic design and low-slung furniture of this era will be coming back into our homes imminently – albeit with a modern twist. 

 

Wondering how much your home is worth? Find out by arranging a free valuation.



Low stock continues to push house price growth

Despite the wider economic challenges impacting the UK property market, a continuous disparity between supply and demand has pushed house prices up to a record high after a 0.9% rise in October.*

 

According to Rightmove’s House Price Index, the rise represents and increase in value upwards of £3,398, with the price of an average home now standing at £371,158.*

 

This new asking price record is somewhat of a surprise given the market uncertainty that followed former Chancellor Kwasi Kwarteng’s mini budget in late September. There was also little sign of downwards price pressure towards houses already on the market, with the number of reductions up by 2% following the announcement to 23% of all properties reduced, which is still a far cry from the pre-pandemic five-year average of 32%. *

 

Tim Bannister Rightmove’s Director of Property Science, comments: 

“What’s going to happen to house prices is understandably on the minds of many home-movers right now, especially following the market uncertainty after the government’s mini-budget. There has been no immediate effect on prices, but the trend of a slight softening in the pace of growth continues."

 

"New sellers coming to market in the month have been pricing strongly, and the number of homes that were already on the market seeing a reduction in price is still well below the long-term average. It will take a bit of time for the market to settle into a new, more ‘normal’ level of activity following over two years of market frenzy, especially with new developments happening almost daily at the moment.”

 

It's understandable that some prospective buyers will be pausing their plans momentarily in an effort to ‘wait-out’ the next few weeks and months until market uncertainty wears off and the full picture becomes clear. Despite this, demand still holds steady at 20%* higher compared to a more normal market of 2019. This trend also follows through to the first-time-buyer sector, with demand still high at 24%* compared to 2019, further demonstrating that buyer confidence has continuously improved since the pandemic.

 

Although some buyers are awaiting a clearer outlook for the time being, those who have already agreed to their purchase appear to be proceeding with confidence. Only 3.1% of sales agreed fell through in the two weeks following the mini-budget announcement, which parallels the 3.0%* reported over the same two weeks in 2019. UK agents are recording that those who have managed to secure a low-rate mortgage offer are eager to complete their purchase as fast as possible, before the offer closes.

 

Tim concludes: “The vast majority of buyers who had already agreed to their purchase are still going ahead. Agents report that many of those who managed to secure a mortgage offer at a lower rate before lenders quickly increased them are now rushing through their agreed deal to avoid their offer expiring and facing a higher rate when they come to reapply. It’s understandable that some new movers who have the option to wait may want a clearer view than they’re getting right now before they proceed with a major purchase such as a home.”

 

"With uncertainty over where mortgage interest rates will go, those who can still afford to proceed may decide that waiting too long could come at an even higher cost than taking action to move now, especially if the level of demand continues to outstrip supply and supports prices.”

 

Considering the increase in average home values, do you know the value of yours? Book a valuation with us today to find out.

 

Rightmove *



How to add value to your home 

 

Adding value to your home is straightforward. Making money often involves spending money when it comes to investments, and your home is no different! Whether you are looking for a quick flip or a total revamp, it’s important to make the right choices.    

 

Below, we discuss the best ways to add real value to your home... 

 

A few ground rules 

 

Do not overspend! Make sure your changes are impactful and necessary. If a refurbishment adds to the quality of your living space, then do it, just don’t get carried away. 

Be resourceful, shop around conduct plenty of research. Don’t just sign on the dotted line in a branded store, consider independent tradespeople to carry out the work, they may do a better job for less.   

 

Kitchen or bathroom?  

 

If the kitchen is in good shape but the bathroom is crying out to be replaced, then you may get more for your money by choosing a bathroom renovation.  

 

It could be that you need to do both the kitchen and the bathroom, arguably the two most impactful, important and costly rooms in the house.  

 

A new bathroom can add up to 5% to the value of your house while a new kitchen can add up to 15%, do the maths and see what you can reasonably spend. Then, enjoy the quality of new tiles, colours, materials, and cabinets with a new space-altering layout.   

 

Loft conversions  

 

Loft conversion can add between 10 – 20% to the value of your home, but be warned this is not an easy task. Firstly, check if you can convert your loft, beam heights are critical here, so you will need to get a reputable builder to give a good appraisal. There is lots of red tape involved in creating a new bedroom, office or bathroom in your loft. The good news is that this is often much cheaper than adding an extension to your property.  

 

Garden and outdoor living spaces 

 

A nice garden with outdoor living space is almost like adding another room to your house. Be careful, a few shrubs and trees with maybe some decking and already you have spent thousands. Perhaps not as guaranteed to add the same levels of added value to your home as other areas but still worth doing and will complement the entire living experience of your home. Bifold doors removing the traditional boundaries between an indoor and outdoor living will enhance this further.  

 

 

Energy efficiency  

 

A new heating system is not a massive investment and will save money on energy bills and easily add more than the cost of replacing the system, while not putting potential buyers off with the prospect of replacing the boiler.  

 

Solar panels are becoming increasingly popular. It’s an attractive proposition, particularly in today’s climate; to be self-sufficient when it comes to producing electricity. In some cases, you may even be able to supply the local electricity board and get paid!  Lower your carbon footprint or consider running your car to gain more savings. 

 

The little things you can do 

 

Sand and paint internal and external doors and skirting. 

 

Check out your floorboards, in older houses often these can be sanded and varnished and will look beautiful on completion.  

 

If you can’t afford to replace tiles and cabinets, consider painting them.  

 

Improve or replace lighting and light fittings. 

 

Sort any damp problems. 

 

Replace carpets or old laminate.  

 

 Bad bathroom grouting often brings the value of a home down far more than the relatively low cost of getting it sorted.  

 

Check the guttering.  

 

Replace windows and doors.  

 

Paint and decorate the internal walls and remember, if you are selling soon, use safe, neutral colours. 

 

It’s all good 

 

Whatever you decide to do, all these measures, and any you think of on the way, will add value to your home in more ways than one!    

 

Just finished your home refurbishment, wondering what it’s now worth? Get a valuation or browse our properties for your next move.   

 

 

 

  

 

 



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Property searches often spike in January

 

Having enjoyed time with loved ones, lots of food and drink, films, and festivities, the time to start searching for a new home now begins. January is traditionally an off-peak time for property sales, but perhaps for this reason, more and more potential buyers start searching in the hope of finding a bargain. 

 

Housing markets differ from county to county and from postcode to postcode. Some regions enjoy constant demand. If there is an area you are interested in, there is a chance that January after the lull of Christmas can give you a chance of securing your ideal home before the rush of summer! 

 

There are some good deals to be had 

The secret is out, and it’s not just buyers seeking a great deal. Sellers are realising that getting an early start is a good way to get ahead of the competition before the summer rush. Getting an offer accepted for a little less than you anticipated is always a nice feeling, and it will give you a little more budget for decorating or renovations. 

 
Houses re-entering the market in 2023 
Many predict that house prices will fall during 2023. With this in mind, many sellers have been busy preparing their homes for the market in 2022, knowing they were too busy relaxing over Christmas. 
 
A considered approach 
Though the housing market is still dealing with the hike in interest rates, the low supply of houses on the market compared with the number of buyers means the market remains buoyant. With interest rates stabilising, many buyers are taking the long-term view that house prices will begin to climb again in the next five years. The slowdown also gives buyers and sellers a little more time to take a more considered approach when making their choices. After all, if you are selling, you are most likely moving, which also makes you a buyer. 
 
A nice way to relax 
Christmas might be over, but it’s still cold outside. A nice way to spend an evening is to sit by the fire and do a property search online. You have access to everything from simple starter homes to your dream home. So enjoy your property search and make it a pleasant experience for you and your partner. Inspiration may come from all sources in the hunt for your new home, and it will find you as it leaps from the screen as soon as you set eyes upon it! 
 
New homes 
There are many new and exciting developments underway and due for completion this year. Buyers have a good choice of options with low deposits and energy-efficient homes, whether a property is finished, or you want to pre-reserve it. As these homes sell, they also help stabilise the market. This is good news for home movers, as it helps reduce surges in demand and rapidly inflated prices. 

 
Don’t forget to get in touch 
With so many potential buyers searching for their new home in January, the sooner your property goes online the better, then buyers can start looking. If you have prepared your house well, or even if that is something you have chosen not to do, the more people that view it, the more likely you are to sell. 

 
Searching for a new home? Browse our properties today 



The new interest rate rise is set to do good things for the housing market

 

When most people hear the phrase – interest rate rise, they immediately panic and worry about higher bills and extra expenses at the end of each month, then have a good rant about how horrid and expensive everything is getting. Every cloud has a silver lining, though, and the good news is this could do a lot of good for the housing market.

 

It’s no secret that we have had it good for a long time. Interest rates through the pandemic have been at an all-time low. In fact, many argue that they have been so good that it’s been too much of a good thing. We all know too much of a good thing has bad consequences!

 

Many experts have said that because interest rates have been so low, it has caused the instability that we have endured this year with nine consecutive rises.

 

So how is this good news for you?

 

Mortgage interest rates are falling and are set to fall further.

This small increase in the base interest rate should not affect your mortgage interest rate. In fact, interest rates for mortgages are steadily falling, with some experts predicting that five-year fixed-rate mortgage interest rates will gradually decrease in 2023, before settling below 4%. So don't worry about higher base rate interest rates, they do not always directly affect your mortgage interest rate.

 

Stability  

The base rate set by the Bank of England has peaked for this year. Therefore, 2023 should offer much more stability, certainly for the first quarter. This will mean a more stable housing market, which means buyers and sellers can remain confident about making their moves. It should also mean that the 2023 housing market will get off to a good start!

 

Confidence  

As mortgage markets rebalance, property markets stabilise instead of enduring instability. More realistic and stable interest rates returning to the levels of pre-pandemic norms encourage long-term confidence and investment. That means you can move and invest, taking the long-term view that there will be fewer bumps in the road.

 

Demand is still strong

Forgetting the world’s current obsession with interest rates, perhaps it’s easy to overlook the obvious. The demand for property is still relatively high compared to the shortage in supply. You don’t need to be an economist to know that this will keep house prices healthy!

 

The future is looking good

With strong demand, stability, and confidence all looking promising, now is a great time to start putting your future property plans into action.

Demand for rented accommodation is still growing and is likely to continue that way, offering very healthy investment opportunities, even if there are more challenging times ahead.

Even if house prices fall in the next 1-2 years, over the next five years, many expect house prices to gradually and steadily grow.

Putting the onus on quality and a healthy, long-term, and sustainable investment is the way of the future. Making houses and rented accommodations more desirable means improving the quality of life, instead of making a quick profit.

 

Are you looking to move home, make your first step on the property ladder, or want to invest in a great buy-to-let opportunity? Contact us today.