The Best Tips for selling your property

tips on selling your property

A great time to get your house ready for selling. Follow these top tips to get the maximum out of your property and for next to no cost.

Tip 1, Give the place a really good clean and keep on top of it,

Tip 2, Remove all the junk, stuff that’s not used on a daily basis does not have to be on show.

For this task it’s sometimes good to have a third party come in and help as they are not use to what’s been left out so they can question you on certain things.

Tip 3, Get the black mould sorted, usually a ventilation problem but it can also be to do with the structure.

“If you have already been airing the property, having the extractors on when showering and the cooker hood on when cooking. Then get the mould off with a nice strong cleaner.

Once dry paint with a stain block. Then paint over with an anti mould paint or buy the anti mould solution to add to it”.

Tip 4, My pet hate is going into the bathroom and you are welcomed by dirty tile grout and a mouldy seal around the bath. Get this resealed and the tile grout cleaned or use a grout revivor. If you are no good at sealing use a sealing tape I would rather see that then a mouldy silicone sealant.

Tip 5. As mentioned earlier finish off those little jobs you have been meaning to do, such as finishing a bit of laminate flooring or some skirting or fixing that broken kitchen cupboard door. The problem is they are not big things to you as you have been living with them but people having a look around will pick all these things up.

Tip 6. A fresh coat of paint on the walls and wood work, you don’t have to do feature walls and different colours everywhere in fact a nice neutral colour is best if in doubt just white matt emulsion on the ceilings and walls. Give the wood work a little rub down and use a satin wood paint on them just to freshen it all up. The beauty of using the white on walls and ceilings is that you don’t have to be a pro with cutting in and I don’t care what you say £100 can buy you a shed load of white matt emulsion. £50 for some satin wood, £10 for a set of brushes and then it’s just your time and believe me it will sell quick just by doing this small thing.

Tip 7, Don’t be around when the agent is showing your place off it makes people uncomfortable

Tip, 8 if you are around don’t cook horrible smelly stuff.

Tip 9, if you’re a smoker DO NOT SMOKE INSIDE this will quite literally put people of buying.

Tip 10, If you do have problems with the property such as roof leaks or structural problems, don’t just cover them up and hope people don’t notice. I always recommend getting the cause of the problem solved not just what the problem causes. It can be pricey to solve but if it was highlighted in a survey the buyer will expect money off so either get it sorted or bring it up at the start of the negotiations so it can be factored into the price at an early stage.

Tip 11, If you have been cooking or have pets, spend a few quid on some air fresheners, the ones that plug in getting something nice but not to strong.

Just because you can’t smell it doesn’t mean other people can’t.

Tip 12, If the carpets are looking tired spend some money and get them professional cleaned it makes the house look a lot fresher and cleaner.

Tip13, Don’t leave all your pots and pans out/dirty washing for all to see.

Tip14, If keeping on top of things is a real problem and you have a large family etc so keeping it clean is impossible, ask the agent to arrange an open day or have all the viewings booked in on the same day, then you only have to really get on top of everything leading up to that day then you can relax after.

Tip 15, Make sure windows and gutters are clean and clear from debris, hot soapy water can do marvels, or better yet look at my rated products page for window and plastic cleaning solvents.

Tip 16, Make sure entrance and exist are clear so the buyer isn’t struggling to manoeuvre about the place.

Tip 17, Get all the weeds up and any plants planted and garden trimmed ready so people don’t have to imagine they can see the potential.

Tip 18, Make sure curtains are drawn and windows on vent to maximise the natural light and fresh air.

Tip19, If you have a room that is not used still dress it with a bed and bedroom furniture, even if you just borrow someone’s spare. It easily highlights what the room can fit.

Tip 20, Don’t just chuck everything in a cupboard chances are that cupboard will be opened and the potential purchasers will just see what a mess it is.

I hope these 20 tips help and for more tips look at my other articles.

Converting an outbuilding to become a utililty room!

Outhouse before I converted it with old corrugated plastic roof

The next project I undertook, which is definitely worth posting about is an old disused brick outhouse.

It was in a state of disrepair, the last tenants had used it as a dumping ground the roof had holes in it and it was just full of stuff.

Used as a dumping ground

This was an interesting one as it probably wouldn’t off been made use of if the electrician that had carried out an electrical test on the property (currently being used as a student property) had not failed it on the basis they were not allowed the utility to be shared with a shower, so basically they had electrical appliances such as tumble dryer and washing machine in very close proximity to the shower pod.

So I was asked to make the structure good and turn it into a new utility.

First job was to clear it out and see what we were dealing with, now unfortunately the landlord did not want us to do anything with the concrete floor so we just made it good and used garage floor paint on it which helps to reduce damp coming up through. Ideally I would liked to off had the old floor up and at least installed a membrane and new concrete but that wasn’t an option.

Roof off

The roof had to completely come off. The landlord was really keen for us to make sure this was a solid structure and I found out why later on. (Basically he said one of the old tenants “ drunk as a skunk” climbed out his bedroom window and walked out straight onto this old roof and fell through.) So obviously he was keen to make sure if it did happen again no one would be falling through..

New timbers and rubber membrane for roof

New 4 x 2” timbers were installed, an 18mm osb board laid down and fixed firmly then I used a single ply membrane over it. This was great value all in about £400 and it came with a full kit, which consisted of the membrane, all the adhesives, and trims, also all the hand tools required for it and it was a piece of cake to install. The other hard part was to try and seal it into the existing roof because as you can see its not in great condition so I carried out some minor repairs then tucked our new membrane up under the old felt roof.

Belt and braces, damp proofing and air vent ready for tumble dryer

The brickwork was in pretty good condition apart from a few course up under the roof which was easily repaired, I went belt and braces and coated up the first few courses of brick and the corner of the concrete floor with black jack which is like a damp proof paint used a lot of time when dealing with areas underground or in this sort of situation.

The walls were solid 9” on the front elevation and where the door opening was but  single skin on the side elevation (Neighbours side), we had to batten off and insulate it all but I decided to build a separate stud wall of the single brick elevation as sometimes drilling lots of holes to fix battens can do more damage than good. So after studding and insulating we boarded the ceiling and walls

battening and stud work off existing wall

Before this though the first fix plumbing and electrics were required, for this we were doing a proper utility area with worktop and kitchen sink, so a fair bit of plumbing required and a couple sockets with a rated bathroom light and extractor. The extractor was slightly fiddly as we wanted to tie it in with the bathroom next door, so the electrician used a fan that would work for both the areas and I vented it through the new utility.

Then plastering and painting carried out.

New UPVC door

After that had all dried the easy bits 2nd fix plumbing and electrics and worktop.  The only other bit was getting the new UPVC door in. I was worried initially about height as it was slightly lower than usual, also there was a soil pipe running up the side that could of thrown the door out and the floor levels were slightly different from the grand outside to the utility. But I was able to sink the floor down a bit after doing some chopping of the old floor and it made it work better so there was barley any upstand on the threshold of the new door. I then boxed in all the old pipes and new with UPVC boards, I also opted to use UPVC for the skirting boards to finish the area completely I thought this to be a lot more hard wearing for possibly quite a wet area. It also gave a really nice finish once cleaned up and it’s so easy to work with.

tumble dryer, washing machine, sink and worktop

I then wheeled in the existing tumble dryer and washing machine connected it and tested it and now everyone is happy including the electrician. I have to say the finish was so good it let the rest of the house down.

So another good example of how you can make use of old dilapidated outhouse on the backs of your properties.

Painted floor and UPVC boxing in

If you have not already read my post “converting an outhouse” for more on outhouse conversions.

Thanks for reading,

Toby  🙂

Getting quotes from builders

So you need work doing and have to get quotes in.

“GET AT LEAST 3 QUOTES IN”.

I say this until I am blue in the face to people. Three quotes will give you a good idea of cost, it gives you chance to meet the person that will do the work and also it gives you a figure in mind to work to. Don’t go moaning to everyone about a rouge builder if you took the first quote you were given and couldn’t be bothered to search around, there is no excuse.  On that subject don’t get someone to do the work that has knocked on your door and will do something cheap for cash….They are not proper qualified tradesmen. It’s different if you see someone carrying out work at a neighbours and the neighbour rates the person and you can see their work first hand, its fine to go up to them and ask them to quote but don’t accept work to be carried out by someone that has literally knocked on the door to sell their services this is a “no go”.

Going back to getting 3 quotes in, I even say this to people when I am out pricing.

 I carry out a pretty broad spectrum of work but inevitably there will be someone that specialises in a certain area that may be able to do a certain job quicker than me or even be able to get the same materials only cheaper. I had a job recently were the painter I use could not match the quote we had from another. As this chap offered a guarantee and had work I could look at to verify he was good I went with him. (My usual painter even said go with him at that price)

What is worth noting with quotes, Is they are not all going to come in exactly the same hopefully you have a good spread. It’s important however to make sure each builder is pricing  for the same work, Don’t tell one to do it one way and the other to do it a different way. It will inevitably be different.

When the quotes come back ensure the quote/estimate has everything written down that you want doing don’t assume because you spoke about it when they were looking at the job that it is on their. These things need clarifying from the outset.

When you have confirmed everything is included that was expected then you can look through them in more detail. If they all come back the same it’s about picking the guy that has good references and if possible can show you some of their work also someone you will get on with. This is especially important if they are going to be in and out of your house for a month.

This is not normally the case what you generally find is you will get back 3 prices, low-medium and high.

Standard advice is “go for the middle.” But what people generally do is just go for the cheapest. There is nothing wrong with this but just do your due diligence, make sure the person has been checked out (Like I did above) ideally see their work and if possible speak to a recent customer. Also weigh up the pros and cons, the middle price or even the higher price maybe from someone that has been highly recommended and known to use good quality materials and do a thorough job they also may have an in depth knowledge of the works and can offer more advice throughout rather then just doing the basics.  So you have to weigh up what your ideal will be, at the same time the type of job you want doing and finish.

So to summarise:

-YOU NEED 3 QUOTES!

-Don’t accept a doorstep salesman to carry out work for cash because it sounds like a good deal,

“IT WILL NOT BE”.

-Even after the 3 quotes, do your due diligence and check the builder/tradesmen out, ask around, check references and if possible look at previous jobs they have carried out.

If you follow the steps above you will not be one of the people that end up on TV complaining about a rouge builder.

For more help and advice on hiring a builder read my post “Top tips on choosing a builder”

Thanks for reading

Toby 🙂

Converting an outbuilding

Newly converted outbuilding

A lot of people are keen to convert a garage or outbuilding/outhouse so I thought I would write down some information and handy tips for you before you get started.

Planning

Newly converted outbuilding internal

If converting an existing out building, planning will usually be required alongside building regulations. The planning departments are normally really helpful so a quick call to them to ask their advice will confirm this. Although I under took a refurb recently and as the outhouse was already an office with kitchen area and toilet planning was not required.

Structure

The next thing to look into is the structural stability of the building. Just because its standing fine now doesn’t mean that by the time you have added stud walls, bathroom, kitchen that the structure will be able to maintain its position.

A trial hole and I am measuring the depth of the concrete footing.

What I recommend is digging a trial hole in front of the exterior wall and dig down until you can find the footings. I would then ask a structural engineer to do some calculations to make sure your plans are achievable using the existing structure as it stands. Usually it won’t be a problem but if it’s potentially going from an outbuilding built for storage to a habitable space, it needs checking and rather now then later down the line when it could really cost you.

Once you have had the calculations back then it can go one of 2 ways the footings are adequate meaning you can go ahead with your plans subject to planning. Or the footings are not adequate meaning you will now have to work out the best course of action. A couple examples of what can be done for inadequate footing:

Underpinning

This is when the existing footing is undermined in sections and additional concrete poured underneath to make the existing footings more substantial. Although there are other methods of underpinning now this is the more standard way of doing it. However if you have a large area to underpin then possibly other methods may work out better value. Another type of underpinning is:

Screw pile and brackets.

This is where a metal tube is screwed into the ground to whatever depth is required (usually to hard ground and then some), then a bracket fixed to the tube. This metal bracket then picks up the bottom of the footing. This would need to be done at intervals across the entire footing that needs underpinning.

Costs would need to be compared and the gains calculated over the entire project as to whether it is cost effective to underpin or to simply demolish the existing building and rebuild from scratch. Although it sounds like a big task in these circumstance sometimes its quicker and easier to start again.

Once this has been worked out and if your able to refurbish the existing building then it’s all plain sailing from here on out. Standard building regulations apply.

Typically outbuilding’s would either be solid 9 inch brick work or a standard 4” I will discuss this later on but with regards to preparing this type of wall construction then damp proofing will be required.

Damp proofing

Insulation over the top of the new concrete slab. With the polythene membrane coming up the sides ensuring damp does not get through into the new floor.

Damp proofing is usually quite a bit of work, as usually the existing floor would off almost certainly not had a Damp proof membrane installed (DPM) so the floor would need taking up and a new insulated concrete or suspended timber floor need installing. Also a Damp proof course (DPC) will usually need to be installed and alongside this tanking is needed on the internal wall, before it’s boarded or plastered.

Tanking and Injecting

Injecting a DPC is when an existing wall doesn’t have a water impermeable layer to prevent the moisture tracking up through the wall, this is usually on older properties and as such an outbuilding will probably be the same.

Injecting internal wall

A way of installing a DPC retrospectively is by injecting a chemical into the wall at intervals along the length at the same height (Usually 150mm above floor level externally and floor level internally).

This spreads out and forms a barrier to prevent the water passing up through the wall.

Tanking usually goes hand in hand with injecting. This is when plaster is taken off the internal wall up to 1.3m from floor level and a waterproof sand and cement mix applied to the area. Once dry this can then be plastered over or plaster boarded.

This prevents any moisture working its way through the wall substrate and coming out into the internal room.

Insulating

I have assumed the walls are either a cavity wall or solid 9 inch. Cavity wall is the standard wall construction we see today, where there is a inner leaf and outer leaf with a gap (cavity between the 2) this cavity is usually filled with insulation if it’s an older building this usually won’t be filled that’s where you get these companies going around filling the cavity with insulation.  If it’s a solid wall then there is no cavity just 9 inches of brick work.

Battening the wall.

If it is solid then it would be worth considering whether you want to batten off the wall and install a pir board in between the batten and board over or board over the battens with an insulated backed plasterboard. This will help with the u value and as solid walls can be susceptible to condensation and damp it’s a great way of preventing this problem while keeping the area warm.  Also you could just dot and dab the insulated backed board direct to the walls which is a good cheap alternative, however if you have used a tanking slurry beforehand check that you can use the plasterboard adhesive straight to the tanking solution as some tanking products don’t allow this .

If it happens to be a single skin wall (single brick/block wall) then you will definitely need to build an internal stud wall, insulate between the stud and over the stud to get better u-values.

Again going with the insulation theme, consider what you will be doing with the ceiling, will you be keeping it vaulted to maximise the feel of space, or keep it standard. If height is not an issue then keeping it standard is no problem and the use of fibreglass insulation will be adequate, but if you are vaulting the ceiling space (opening it up to the underside of the roof) then insulation will have to be installed between the rafters and over the rafters, again the insulated backed plasterboard is a good alternative here as the board and insulation go up in one hit.

Ventilation

The other thing to consider is the ventilation.

As standard now I would recommend the following, bathroom extractor:  opt for a constant trickle with a boost mode.  When the light is switched on the extractor boosts and after a set time the boost stops and carries on with a constant trickle.

The second is an kitchen extractor, one over the kitchen hob is good, but I feel its only as good as the operator and from experience this isn’t usually the main concern of the tenant. So it may not even be used.

I would as well as the cooker hood install a constant trickle extractor with a humidity stat. What this will do additionally is kick in when extra humidity is detected. I like this because it takes it out of the hands of the operator and sorts itself out. Which means all the moisture laden air is removed,  thus keeping condensation and mould down to a minimum if at all.

The other important thing to keep in is ensure any new windows have a trickle vent installed, this ensures fresh air is constantly coming into the property and means you don’t have to be concerned when you don’t see the windows open at all. You can also retrospectively install trickle vents I do it all the time for landlords that have had enough of mould build up in their rentals.

Lighting

The rest is down to design and personal touch but LED down lighters are a great tool in lighting up an otherwise dark space. Consider having different circuits for the lighting, broken up into the different areas. So if it’s all open plan the kitchen, living room, entrance hall, wall lights ensure these can be switched on and off separately. This is a good way of keeping electricity costs down and also highlights the separate spaces giving it a warmer feel.

Sockets

Also what I found while doing my annex was that the sockets with the USB ports were really handy. I didn’t put them everywhere just one in the living room and one by the bed. Very handy and still pretty new so a bit of a luxury for the tenants and give that wow factor, but actually they don’t cost the earth.

Bathroom

Shower pod example

You usually have a limited space for a bathroom in an outbuilding. Wet rooms are great but a fair bit of work. I do like the new shower pods that are available and costs for these have come down considerably and the great thing with pods is that they are practically maintenance free unlike the traditional tiles and shower tray. Also consider installing an over mirror light with shaver point and shelf under the mirror or go for a cabinet with this included. These work well with electric tooth brushes and are a handy place to have them charging up rather than trailing leads on the floor (like I have at my house). Again a bit of a luxury but they give a bit of a wow factor. Check out my post for small bathroom ideas and tips for more help in this area.

Summary

Hopefully my main points above will get you started on your project, obviously design and layout are subjects on their own, my main tip is try and incorporate all the space don’t leave anything out, as with all outbuilding’s, space is a premium so don’t waste it. If you’re like me I like to design as the space takes shape whereas others can see it before it’s done. Work to your strengths and don’t be afraid to ask people’s opinions.

Good luck with your projects and be sure to look at my other posts for further help and advice.

Toby 🙂

Make money from your own home

Garage conversion….A sneak peek at what is in store…..

Shortly I’ll be doing a series of articles explaining to you how I took my integrated garage and roof void above and turned it into a self-contained annex.

Or my mate likes to call it a “House in a House”. This is rented out and brings in an income!

I’ll go through the details of how I saved every millimetre of space and how the project got started. Also the beauty is I did this myself from start to finish so I can go into detail on the design & construction method.

So keep a look out for this not to miss series..

!!!!UPDATE!!!! Check out my new youtube video on this article follow link to my youtube video-https://youtu.be/2cdSHH-Y5_A

Landlords Insurance Reccomendation

I use AXA for my business insurance and i use them for my Landlords insurance.

AXA can Taylor your quote to your specific requirements. So be it a complicated property where part of the construction is timber and  part is cob, they can get an insurance in place for you.

AXA give you lots of benefits that you wouldn’t usually get with the other suppliers.

Customer service is top notch and they are always very competitive on their quotes.

Try AXA out for a quote and see what you think i dont think you will be disappointed.

Click on the symbol below to be taken to the AXA quote page.

 

 

 

Thanks for reading.

 

Toby.

 

Small bathroom ideas

Making the most out of a small and large bathroom

Bathrooms come in all shapes and sizes and they can be a real selling point whether large or small.

I do think it’s a waste of space having a really large bathroom but on the other hand I know the impracticality of a small bathroom.

So I am going to give you some ideas of working with small and large bathrooms and making the most out of them.

With a small bathroom its always difficult to move things about but there are a couple options, the easiest is if you don’t mind not having a bath, fit a shower cubicle something like an 800mm x 800mm cubicle is quite a nice size or even a 1200 x 700mm shower cubicle is nice and it makes the bathroom appear a lot larger.

 

If you’re a real bath person or you have kids then you really want to keep a bath but there is still an option, in a property I lived in rather than have a 1700mm

long bath (standard size) we opted for a 1500mm bath, meaning we could put it on the far wall under the window and swap the toilet and sink around. Then with some really nice white tiles and mosaics it really opened the bathroom up and gave us some much needed floor space and this option you still get to have a nice bath, but really utilise the space and you’re only going to sacrifice a bit of laying out space and this is hardly noticeable.

On that same bathroom I was quite clever in utilising a cupboard that was beside the bathroom an unused airing cupboard one that is above the stair well so not full length but enough to get a basin in there at a good height off the floor. So what I did was pinch a bit of the cupboard and fit a free standing basin in that new alcove and it worked a treat. The bathroom had more than enough space for the family to be in and out at the same time and it made it a real feature of the property all the while not jeopardising any bedroom space.

 

Another tip is to do away with a big old shower curtain and install a nice looking over bath shower screen, they give the bathroom a real clean tidy appearance and open the room up visually. S with some good lighting and mirrors and bathroom will look twice the size.

Having said this sometimes there just really isn’t any scope to jig the bathroom around, I have a rental property where the bathroom is ground floor and the bath is under the slope of the stairs, a sink pretty much over hangs the bath and the toilet is beside the sink. With this type of layout of property I have really no other options but to build a small extension to take the depth of the bath. By doing this it will massively open the whole bathroom up. It’s not ideal but it’s the only way forward with this type of set up. I want to keep a bath as I would prefer a small family to rent this property.

Hopefully there is a few nuggets of advice here for you to help with your small bathroom set up.

Large Bathrooms

Large bathrooms really don’t have the same problem, but what they do is take away much needed space from the rest of the house. I have gone into property where the bathroom is bigger then some of the bedrooms, obviously if this is the case see if you can switch the rooms around if the pipework/waste pipes can do it.

If not what about split it into 2 different bathrooms, so would it work using a part of it and closing it off as an en suite if a bedroom is beside it, then the other half can be a family bathroom.

Or I have just priced a job recently where they have a large house/family so they want a bathroom for the adults and a shower room for the kids which can also work really well.

Another option to think about is can the bathroom be shrunk down completely and by doing that adding another bedroom/office?

If you have more ideas or want to discuss your bathroom problems please comment below.

 

Check out Sanctuary Bathrooms for all your bathroom needs, click on the symbol to be redirected to their site.

 

Thanks for reading,

Toby

Real Estate tips for seller

I’m looking at a new property to move to at the moment and although I’m not expecting everything to be perfect I am amazed at how dirty  these properties are and we are not talking about cheap properties that the vendor just wants to get rid off, we are talking about the vendor needing  top whack to move on.

My wife and I went to one the other day and the whole family where in (a family of 5) We were greeted by a dog barking at us and just the signs off not a well looked after property and I don’t mean just lack of maintenance I mean cleanliness. Mould was in every corner of the what should have been white walls but now were a tobacco stained yellow, dusty cobwebs and the smell of dog, on top of that I have heard of baking a loaf of bread for when perspective buyers visit to give them a sense of home, but they were boiling some sort of cabbage soup that honestly it did not give the same sense of home that nice fresh bread would.

Then on top of that they had marketed the property as a 4 bed but when they showed me the fourth room in the loft and that I practically had to climb a ladder to get into I was not happy and mentioned to the agent that no way this would have been passed by building control and as such cannot be marketed as a 4th bedroom.

Stepping over the rubbish and waste left in the garden I was then showed the half-finished block shed that looked a mess and the agent tried their best to sell it to me as a lovely unfinished project (good try).

 After looking though the rest of the property where there were more areas of black mould and junk everywhere and because they had done a really bad job with converting the attic the stairs took a section out of 3 of the rooms and the rooms appeared small and pokey.

The house however had potential I could see passed the state of place because I see this sort of thing all the time but how many people could do that?

 I felt like I wanted to go back and help the seller and  advise them on how to get a property ready for selling.

 I did feel for them they had a big family in a relatively small house and they were relying on getting the maximum amount for their property to move on.

 Now Lets assume money was tight and with a  family of 5 very easily could be the case, but giving the place a deep clean, doing away with all the junk, finishing the unfinished projects and a coat of white paint throughout costs next to nothing and I really think if they did that they would achieve the asking price.

 So after my experience I have decided to write down some tips for getting a property sold and that is not going to cost you a lot of money. I am assuming we are not replacing things we are just tarting the place up.

 TOP TIPS

Tip 1, Give the place a really good clean and keep on top of it
Tip 2, Remove all the junk, stuff that’s not used on a daily basis does not have to be on show. For this task its sometimes good to have a third party come in and help as they are not use to what’s been left out so they can question you on certain things.
Tip 3, Get the black mould sorted, usually a ventilation problem but it can also be to do with the structure. If you have been doing all the right things such as airing the property, having extractors on when showering etc, then get the mould of with a nice strong cleaner, once dry paint with a stain block, then paint with a anti mould paint or buy the anti mould solution to add to it.
Tip 4, My pet hate is going into the bathroom and you are welcomed by dirty tile grout and a mouldy seal around the bath. Rake the grout out by a 3mm and re-grout or go over it with a grout reviver and re-seal the bath. If you are no good at sealing use a sealing tape I would rather see that then a mouldy silicone sealant.
Tip 5. As mentioned earlier finish off those little jobs you have been meaning to do, such as finishing a bit of laminate flooring or some skirting or fixing that broken kitchen cupboard door. The problem is they are not big things to you as you have been living with them but people having a look around will pick all these things up.
Tip 6. A fresh coat of paint on the walls and wood work, you don’t have to do feature walls and different colours everywhere in fact a nice neutral colour is best if in doubt just white matt emulsion on the ceilings and walls. Give the wood work a little rub down and use a satin wood paint on them just to freshen it all up. The beauty of using the white on walls and ceilings is that you don’t have to be a pro with cutting in and I don’t care what you say £100 can buy you a shed load of white matt emulsion. £50 for some satin wood, £10 for a set of brushes and then it’s just your time and believe me it will sell quick just by doing this small thing.
Tip 7, Don’t be around when the agent is showing your place off it makes people uncomfortable
Tip, 8 if you are around don’t cook horrible smelly stuff.
Tip 9, if you’re a smoker DO NOT SMOKE INSIDE this will quite literally put people of buying.
 
Tip 10, If you do have problems with the property such as roof leaks or structural problems, don’t just cover them up and hope people don’t notice. I always recommend getting the cause of the problem solved not just what the problem causes. It can be pricey to solve but if it was highlighted in a survey the buyer will expect money off so either get it sorted or bring it up at the start of the negotiations so it can be factored into the price at an early stage.
 Tip 11, If you have been cooking or have pets, spend a few quid on some air fresheners, the ones that plug in getting something nice but not to strong.
Just because you can’t smell it doesn’t mean other people won’t.
Tip 12, If the carpets are looking tired spend some money and get them professional cleaned it makes the house look a lot fresher and cleaner.
Tip13, Don’t leave all your pots and pans out/dirty washing for all to see.
Tip 14, If keeping on top of things is a real problem and you have a large family etc so keeping it clean is impossible, ask the agent to arrange an open day or have all the viewings booked in on the same day, then you only have to really get on top of everything leading up to that day then you can relax after.
Tip 15, Make sure windows and gutters are clean and clear from debris, hot soapy water can do marvels, or better yet look at my rated products page for window and plastic cleaning solvents.
Tip 16, Make sure entrance and exist are clear so the buyer isn’t struggling to manoeuvre about the place.
 Tip 17, Get all the weeds up and any plants planted and garden trimmed ready so people don’t have to imagine they can see the potential.
Tip 18, Make sure curtains are drawn and windows on vent to maximise the natural light and fresh air.
Tip 19, If you have a room that is not used still dress it with a bed and bedroom furniture, even if you just borrow someone’s spare. It easily highlights what the room can fit.
Tip 20, Don’t just chuck everything in a cupboard chances are that cupboard will be opened and the potential purchasers will just see what a mess it is.

 

I hope these 20 tips help and if you have any questions or want more tips please leave a comment.

HOW TO INVEST IN PROPERTY IN THE UK

Investing In property is not as straight forward as it used to be, the government are really making it hard for investors and it’s just a completely different game now then it was even 10 years ago.

But you have started on your investing path correctly, you reading this post tells me you are doing things right, you are starting to “educate yourself”. You will hear this term a lot in the property investing game so get used to it and get educating.

Anyone you speak to will advise you to educate yourself and by that it means reading up on the subject, attending courses and especially attend your local property networking groups which there are a lot of now, I regularly attend a Property Investors Network meeting (PIN MEETING) and this puts you in a room with people that are doing, have done and are looking at doing investing, so you will really be in the right place and environment to learn.

If you have some capital it makes it easier to start, there are some popular models around to start looking into for your property investing career these are HMO, RENT TO RENT, SERVICED ACCOMMODATION, BUY TO LET there are more but these  are the most used and straightforward.

It completely depends on your end game as to which route you would like to go. For example do you want a few extra pounds a month to go towards your holiday, do you want X amount of cash to be able to spend without going into you savings. Mine is very straight forward,

“I want a passive income that will equal my outgoings”.

 

THE PROS AND CONS OF THE DIFFERENT MODELS.

You will find loads of information on this subject and it always depends on what you want out of it, I wanted to cut my teeth on buy to lets but after educating myself more I could see there is more to gain in an HMO whereas I’m sure in a year or two I will be looking at another system entirely, especially with the way the tax is changing on property income.

 

BUY TO LET

This is when you buy a property flat or house and rent it out as a whole usually to a what we call one household, such as a family or a couple. They pay you a rent and they pay there own bills and you look after the property, so if the boiler goes or the electrics its your responsibility to sort it out. This is a nice style of investment. You only have to deal with one household at a time, Minimum 6 months but if your lucky its for a lot longer and you get a set amount a month. Obviously you may get the odd call saying something has broken down so you need to arrange for it to be fixed but apart from that it’s a pretty hands off investment and if you really want to be completely hands free you can hire an agent to deal with the property.

It’s a low maintenance investment Return on investment isn’t going to be massive but its usually constant and safe. So a good long term investment.

 

House of Multiple Occupancy (HMO)

This is a step up from the single buy to lets. In a nutshell Its when the property is split into separate rooms and you rent each room individually and where the tenant will share the communal rooms, such as kitchen and living space with the other tenants.

There’s a lot more to learn about HMO’s with regards to getting the property up to spec which needs to be researched thoroughly but the ROI can be a lot more than the single let due to the fact you will be getting a monthly rent from each individual tenant, you usually charge an all-inclusive rent to include bills and utilities. The downside is that you are dealing with new tenants more frequently as it’s a higher turnover model and wear and tear is more. However its usually localised to individual rooms so compared to the buy to let strategies usually the whole property needs redecorating after each tenant, with the HMO its only the individual room if that, then the communal rooms upgraded at longer intervals typically every 2-3 years.

A higher return model, but more work involved.

 

RENT TO RENT

This is where you will rent a property off a landlord and rent the rooms out like an HMO. Pros are that you don’t need a lot of money to set this up and someone else is liable for the property and you can make some really good money, the bad points are you will have to give the property back unless you have done a deal with an option to purchase at the end of the set period.

This is a good model if you want to get out of your day job and build up some capital of your own to get set up in property. You will usually have to spend some money out getting the property up to spec and obviously this will only be a gain for the landlord when you give the property back however a great way to get started and learning how to manage properties and deal with tenants..

 

Serviced accommodation

This is the most talked about model in the property circles at the moment.

It’s when instead of having long term tenants in (Minimum 6months), instead you rent the property out on a nightly basis. There can be a lot more profit from this type of investment as you can charge from £50 to £150 a night in the right area.

But there is a lot more to do and arrange with this model and you would have to weigh up the extra wear and tear, the changeovers new laundry/cleaning after each person vacates, but if you’re in the right location and you’re looking for a very hands on investment this good be the way to go.

A lot of experienced investors are dipping their toes into this as is taxed differently for one thing and not subjected to the new article 24 tax on buy to lets and because of the great returns.

So a good high cash flow model, but with a lot of extra work and a lot of educating required.

Working out the figures

Once you have decided on the model you prefer it’s time to get started, obviously if you have the funds usually 25% of total purchase price for the mortgage then you have to allow for the additional stamp duty, conveyancing fees, also a survey of the property. So as mentioned in my (buying a property for the first time post-https://allthings-property.com/buying-a-house-first-time/.

Speak to all the relevant professions before to get an idea of the costings, a mortgage broker if your using one, solicitors fees and get savvy with the additional cost for stamp duty, there loads of stamp duty calculators on the internet but make sure its working out stamp duty on 2nd homes not just on the first as the 2 are very different now. For example if you’re buying a second property for £300,000 you now have to pay an additional £14,000 in stamp duty fees.

You will obviously need to take all this into account to work out initial outgoings but also to work out if the property is worth buying as a potential investment.

A typical property is working out at a yield of 5-6% so that’s worked out by dividing the annual rent divided by the property value. So it’s a nice quick way of looking at a property to see what the potential returns are. But obviously this is only part the picture as this is based on you buying the property outright which is fine if you’re a cash buyer, but if you are using additional borrowing such as a mortgage then what you really want to know is your return on investment (ROI).

You will want to know how much you’re going to make on my money invested. So you will need a few more figures for this but in a nutshell, if you work out the rent you receive annually on the property, minus the mortgage amount & maintenance etc, and take the figure for the total money you have invested, including solicitor fees, stamp duty and so on then divide your annual figure of rent received minus the mortgage cost by the total money invested that will give you your true ROI.

This will be something you definitely need to look into if your serious about a property. If all the figures stack up then it could be the one for you..

 

So to summarise:

  • -educate yourself
  • -Start with the end in mind
  • -choose which model to follow and adapt if necessary
  • -check the figures work, then check again

 

“This is great” you say “If you have the money to put down but what if I don’t?”.

Then start with the rent to rent model, you will need a bit of money but not as much as the others models you can then build your money up and get started on your own. Also the other option is to look for someone to invest with (A Joint venture partner) they can bring the money if you can source the deal.

It’s important not to limit yourself and look outside the box.

I hope this helps you on your property investing path and if you have any questions don’t hesitate to comment on the post.

Good luck!

Buying a house first time

Buying a property can be great fun but also the biggest stress in your life.

To start find a good mortgage broker and a good conveyancer, this saves a lot of rushing about when you decide on a property especially if you come across one that you really like in the early days.

Get a fixed price from the solicitor for what the costs will be this is important to allow it in your budget and also find out the broker’s fee, also check with the broker that they are whole market which means they will look at all the products available (In the whole market) rather than just the ones that will pay them the biggest commission usually the high St banks.

 

Fees for the solicitors will vary on the type of property you purchase. A standard freehold is usually nice and easy for them to stick to the quoted price, but if you go for an apartment where there is a leasehold or rights of way then this will take more time and the cost will go up.

 

Speak to the broker and get a mortgage in principle, you then have a guide price of what you can go up to when looking at property. But don’t just look at properties for what you can afford always look for the ones at least 20% above your max because these are definitely potential candidates and almost certainly would be worth offering on and believe me you will be surprised at how many offers are accepted at 20% below asking..

 

I am always looking on the property search engines so have a pretty good idea of what’s on the market most of the time but if you are new to it then the earlier the better. Start looking at properties online to get a feel of the market and what sells where and for how much.

 

When you see a property you like take a camera with you and do a short video I usually find I’m trying to take in everything while taking in nothing. You can then go over the footage at a later stage to look through the property in more detail and you may pick things up you hadn’t noticed on the viewing initially.

 

If you have decided on a place and you like it, offer on it. I rarely offer asking unless there’s loads of interest and you really want it and the property offers good value at the asking price. Get an offer on the table then you can work from there. Don’t feel the seller will be offended some are happy just to have an offer.

Usually for the really run down places I keep seeing the agent doing an open day then the best bid by a certain date. I am not keen on this type of purchase there’s no communication and you don’t know where you are in the process.

 

As soon as you have an offer excepted get on to your solicitors to get the ball rolling. Conveyancers usually ask for a small amount of money upfront to cover some of the initial search costs. Ask them to move quickly in getting the searches arranges as this can take quite some time.

 

The estate agent usually will be the go between for the seller’s solicitors and yours so any questions speak to them and they can pass it on.

 

Always keep on top of your solicitors and the sellers as they have a stack of other people’s applications to get through. So if you keep onto them yours will be brought to the front of the queue quicker.

 

The whole purchasing process can be anywhere from 6 weeks to 6 months. The more complicated the longer it takes usually.

 

I would arrange for another viewing when the process has started to get a feel for the place also at different times of day check the property out this will give you a good indication of parking and the general feel of the area.

 

When you are getting near exchange I would also recommend another quick look over, look for any damage signs of water ingress etc. If you notice things that are strange you can then bring it all up with the sellers solicitors before any money changes hands. This can be such things as “will the garden waste be cleared before completion?” or” Will the attic be cleared before completion?” If it’s all noted down it will be put in the contract so the seller will be obliged to carry it all out.

 

When it is time to exchange you usually have to pay a 10% deposit to the solicitor then they pass it on to the seller. After this point if either side decides to pull out then there will be fees to pay. So usually it’s nice for the buyer to get to this stage because then the seller is committed.

 

I have made arrangements in the past with the seller to have access to the house after exchange to do things like clean carpets, have blinds fitted and even drop garden plants off to make it easier on the move day. So this is always a possibility to help with the logistics on completion day, speak to the estate agent to arrange this with the seller.

 

Solicitors usually arrange completion the week after exchange for a time and day that suits both parties. You will then have to pay the remainder of the money you are putting down and the solicitor does the rest. 

 

Then the property is yours to do what you like. “Yippee”

 

To note if you get into the property and there are things that have not been sorted by the seller that was agreed to be dealt with previously, such as waste not cleared, furniture still in the property or even broken windows/doors etc. Then get straight onto your solicitor and the estate agent as this sort of thing has to be sorted by the seller and the seller is obliged to contractually, so there will be consequences if it is not dealt with as agreed before purchase.

 

I hope his gives you some help towards the buying process and if you would like to learn more about purchasing a property, as well as questions to ask the seller and how to spot faults on a property, then I really recommend my amazon number 1 bestselling book

“Through a builders Eye” Knowing what to look for when investing in property.

It’s a great guide that will help you through the buying process as well as offer advice on employing builders and ways to save money. You can find the link to amazon to purchase the book on the home page.

Thanks for reading.