Category: (3)

We are a nation of DIY enthusiasts and we have splashed out a total of £48bn doing up our homes over the last five years – an average of £8,000 each. The most popular changes are redecorating (72%), adding new flooring (42%), landscaping the garden (40%), and a bathroom refresh (34%).

1. Redecorating and easy upgrades

Redecorating is the most popular home improvement; for a relatively low cost, you can give your home a lick of paint and do some general upkeep. Fresh paint in modern colours can go a long way to giving your home a new lease of life.

2. Makeover the kitchen

Potential buyers often put a lot of their focus on the look and feel of a kitchen, and it may be the first thing they look to replace if they’re not satisfied with what is already installed. Painting units or replacing cupboard handles or doors are a cost-effective way of giving your kitchen a noticeable refresh without spending too much money.

3. Adding or updating a bathroom

In the bathroom, replacing tiles and re-grouting, eliminating all lime scale and replacing taps are all options worth considering. Bathrooms need to be fresh and clean, so make sure the walls are a neutral shade, and ideally replace a shower curtain with a new one or a simple glass screen. Pinterest is a great platform to find ideas and inspiration.

4. Garden appeal

A tidy and well-designed garden is an attractive selling point for any property. Before any viewings, trim the borders, clear the pathways and cut back any overgrown trees or bushes.

5. Double glaze the windows

Double glazing is an essential for many house hunters; it will keep the home warm and keep the noise out, even if it’s near a main road.

6. Open space

Open living space is hugely popular, particularly for the kitchen and dining room. Combining the two into one large room creates a great sociable space and is perfect for families. However, it’s important to remember that many homeowners still enjoy the ‘front room philosophy’ that can be used for special occasions or for privacy by the adults.

7. Replace doors

The front of your home can say a lot about the rest of the house to viewers seeing it for the first time. By replacing or sprucing up the front door, you will give potential buyers a great first impression.

8. Convert the loft

A loft conversion is a more expensive improvement, yet it offers a great return on investment. Most lofts can be easily converted and expanding the house upwards offers homeowners an extra bedroom for growing families, or space for extra storage.

Sometimes, it’s worth getting a professional valuer to visit you at your home to give some simple advice as to what areas could be focused upon to help sell your home, or add value. It’s also useful to know what ceiling price is achievable so as to ensure you don’t overspend. Mount & Minster offer this service free of charge. Contact us for further information.

The popularity of detached homes in the East Midlands has increased over the last decade. Most local home-movers aspire to either continue to live in a detached property, or to own one for the first time. The average price of this type of property is set to rise further.

The average price of a detached house in the UK was £252,473 in January 2009. Today, a detached property will set you back, on average, £377,945 – that’s an increase of £125,472 or 50% in a decade.

For value, our region has always been popular with buyers from outside the area. The increase is similar, however the average value for a detached dwelling in our area is now £212,000. This is rising fast and is far outperforming other areas of the UK which, in comparison, are deemed to be a bit expensive and less attractive.

Unsurprisingly, London is the most expensive region with the price of an average detached property up 87%, or more than £420,000, since 2009. The average price now stands at £906,825.

If you wish to get a more detailed idea as to your property’s exact value, Mount & Minster estate agents offer free valuations and consultations. Contact us and we’d be happy to help.

New research has analysed the seasonal impact of the East Midlands property market and if there is a connection between warmer weather and how much buyers are paying for a home.

The extent of research was carried out by looking at sold prices from the Land Registry, analysing the difference in price achieved over the four seasons, how this breaks down by month and what impact rising temperatures have on the price buyers are paying for property.

There is an obvious pattern where the warmer weather and longer evenings bring a spike in market activity, while at the same time the seasonal changes also bring a higher average sold price. In winter last year the average sold price was £291,810, increasing to £293,347 as spring arrived. This then increased further to £301,321 over the summer season before falling to £289,833 during the autumn.

When looking month to month this seasonal spike remains prevalent, but it would seem that the change in temperature also plays it part where house price growth is concerned.

The data shows a direct correlation with prices cooling between January and February as the average temperature also cools. Then between February and July consistent increases in the average monthly temperature also coincide with consistent increases in the average sold price of property. Then as the temperatures begin to cool from August through to December, so too does the average sold price.

When quantifying the monetary impact, sold prices increased £2,150 for every one degree change in temperature.

The seasonality of the national property market is widely discussed, as patterns of buyer and seller behaviour dictate market activity and ultimately the price achieved. However, it seems that something as external to the property as temperature itself also has a direct correlation.

With spring now officially sprung and summer on the horizon, we should start to see the Brexit price growth freeze thaw, but for those that remain sat on the fence until a higher degree of certainty returns to the market, holding out until summer could see them achieve that little bit extra as temperatures continue to rise.