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While it was the hottest June since records began, the property market started its summer cool down early. Rightmove cited the new 5% interest rate as a reason for earlier-than-usual changes. Its June headline revealed the first monthly drop in asking prices in 2023.

Tenants have a duty of care to look after gardens, roof terraces, courtyards and balconies. This covers what grows outside, what is added – or taken away – and what happens in the outside space. Failure to look after the great outdoors could result in deductions from the deposit, so it’s vital to know what is expected of tenants.

It Makes Sense To Ensure Adequate Protection Is In Place

Landlords in Newport with Buy To Let mortgages will already have adequate buildings insurance in place. Even those who own outright usually insure their property for its rebuild cost, with cover in place for damage caused by floods, fire, and storms. However, there are other risks involved in renting out a property. As well as your buildings insurance, it makes sense to put suitable protection in place, so you’ll be financially covered if something goes wrong.

There Are Many Benefits To Using A Property Management Company

A fundamental mistake landlords make is choosing not to use a reliable property management company. There is a common misconception that managing a property independently will save landlords money. In fact, it often turns out to be a false economy, as our team at Red Key knows all too well!

When it comes to getting a property ready for sale, there is a recommended set of presentation steps to follow: declutter, depersonalise and redecorate. On the latter, it’s advised that vendors step back and look at their walls, ceilings and woodwork to see what condition they’re in.

Although it sounds like a tenuous connection, the property market and the weather are linked. The arrival of early summer has coincided with the traditional uptick in house prices. This May, Rightmove has noted an extraordinary correlation between warmer temperatures and property values.

It’s time to come clean – we have a weakness for design trends. We’ve tried hygge, cottagecore and colour drenching but we have really fallen in love with one current interior fashion and that’s Japandi. The best bit? This design style might just help you sell your home.

Life has got more expensive for the majority of us and a review of finances is frequently needed to ensure we’re balancing the books. This is especially true for landlords who, for the first time in many years, will find mortgage rates have doubled since they last looked at home loans.

With a third of the year complete, it’s a good time to appraise the property market. If your primary concern is the direction of house prices, Rightmove can shed light. It found the average house price in Great Britain had climbed 0.2% in April to £366,247.

From cut flowers in vases and glossy-leaved houseplants to overflowing patio pots and on-trend terrariums, a healthy dash of flora and fauna will add extra appeal when it comes to selling your home. Here are three areas to focus on:-

Making a ‘house a home’ is a saying that applies to everyone, including tenants, but there is often confusion over what a renter can do to a property in terms of DIY and decorating. In this blog, we explain how a tenancy agreement will provide clarity, and we’ll suggest a number of ways to personalise a rental property without making permanent changes.

Spring is traditionally a peak season for sales and we’re beginning to see the first ‘green shoots’ of activity. The statistics come from Rightmove, whose March House Price Index reflects data across England, Scotland and Wales. The trend is for asking prices to increase.