71% of Landlords to stand by their agents post fees ban

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71% of landlords who use a letting agent will continue to do so even if they see their premiums rise following a ban on tenant fees, according to a recent survey.* The research, from UKALA, shows 79% of landlords think their letting agent will increase their fees as a result of the proposal to ban… Read more

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Selling a share of my Buy to Let property?

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I am thinking of selling a share in my Buy to Let house as there seem to be some obvious benefits e.g. CGT reduction, resident who will look after the property, freeing up cash etc. I’d be grateful for any advice or opinions at all! The property is free of mortgage and I’m thinking I… Read more

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Annual Tax on Enveloped Dwellings – are you affected?

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Homeowners with homes worth more than £500,000 that are owned through a limited company are being reminded they must fill in an ATED return. Annual Tax on Enveloped Dwellings is a yearly tax on UK residential property worth more than £500,000 and the return must be filed in April. Tens of thousands of landlords made […]

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Fractional Ownership Of Supercars, Luxury Motor Yachts and Holiday Apartments

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Most people dream about owning a luxury motor yacht, one or more supercars or a swanky holiday apartment at some point in their lives. However,  very few ever actually manage to turn their dreams into reality. Perhaps this is because of the capital cost or the fact that when they crunch the numbers it just… Read more

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Can your kitchen boost the value of your home?

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The kitchen is a lot more than just a space for cooking. This multi-functional room acts as the hub of your home. A place for eating, socialising, hosting parties and bonding with family. This is why a good kitchen is at the top of the list for many prospective buyers.

With the kitchen acting as the hub of any home, it’s clear to see why it can make or break a property deal. Estimates from HSBC bank have stated that a new kitchen can add between 4-7 percent to the value of an average property. Kitchen appliance repair company, Service Force are here to tell us how to improve your kitchen before you put your property on the market.

Do renovations increase the value of a home?

In the current financial climate, many people are taking advantage of low- interest rates to borrow money in order to improve their homes. Homeowners are renovating their kitchen in the hope that this will act as an investment for the future. A lot of the time, this investment pays off better than expected.

However, injecting cash into home improvements doesn’t necessarily mean you will increase the value of your home. When making alterations, the first thing to consider is your own comfort and convenience.

How much money could a kitchen renovation add?

Although many people say a kitchen will add value, it’s still hard to define how much a fashionable, modern kitchen can add. One thing is for certain though; a well-designed kitchen renovation can help your property stand out from the rest, making it easier to sell at your asking price.

Things to consider before upgrading your kitchen

The first thing to consider is your motivation for the renovation. If you only want to upgrade your kitchen and no other rooms in the home; think simple, neutral and flexible. Make it easy for the buyer by decorating in neutral colours.

If you’re not planning on moving anytime soon, your renovation can become a little more creative. Consider what you don’t like about the room. Are there not enough cupboards? Is the flooring impractical? Once you have noted these imperfections, make them a priority and look to rectify.

What small improvements can you make?

Before you make any major changes, think of what smaller improvements you can start with. Make sure you focus on the necessary fixes. Service Force is often called out by homeowners looking to start improving their kitchen. From dishwashers and washing machines. to boilers and ovens. Making sure you have these in check first will put you in good stead for future planning.

Final thoughts

Above all else, your kitchen needs to look clean, organised and hygienic. Even the most expensive kitchens won’t do anything for prospective buyers if it’s dirty and cluttered.

… LandlordZONE.

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Asbestos missed in Homebuyers report?

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My friends recently purchased a property and were looking to extend living accommodation into the garage. However, a builder has reported that asbestos is in the garage and subsequently the quote received is quite a lot more than anticipated when the property was purchased. The Homebuyers report didn’t flag up any evidence of asbestos to… Read more

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Student Tenants Win Deposit Dispute

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Deposit Claim: Six University of Bristol students who took their letting agents to court over a deposit charge have won their legal battle claiming ‘unreasonable’ deductions. The six sharers were sent a letter by Bristol letting agents Digs some weeks before they were due to move out of their city centre accommodation. The letter said […]

… LandlordZONE.

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Monday Channel 4 Dispatches 8pm “The Benefit Cap”

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Monday Channel 4 Dispatches 8pm. The Benefit Cap. It’s got one of my tenants on the programme who was affected by the benefit cap. There should also be some verbal quotes from me as I refused to go on the programme. Definitely worth a watch Mick Roberts

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5 Top Tips for Managing Rent Arrears

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The RLA’s Landlord Finance, Investment and Tax Report 2016 found that 28% of landlords have experienced rent arrears in the past 12 months. Once a tenant falls into arrears it immediately impacts on a business. Landlords have mortgage payments to make, insurance premiums to pay and maintenance costs to cover all of which are heavily reliant on […]

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Telford Landlords Facing £600 Licensing Fees

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Telford and Wrekin Council has announced its plans to consult on a new Selective Licensing Scheme in a bid to improve the quality of rented houses available in the area. The designated area includes the wards of Hadley, Leegomer, Malineslee, Hollinswood, Brookside, Sutton Hill, and Woodside, landlords in these areas will be required to apply […]

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