Needing very little introduction, Sarah Beeney’s reputation as a genuine expert in all aspects of property ownership is unquestionable. With a number of varied business interests – including a TV series, an award winning property portal and a popular dating website – her dedicated and strong work ethic has made her a household name and a positive figure representing the property industry as a whole. Please see an interview below where we talked about what Sarah has been up to; the future effects of base rate rises on the property market; protection against negative equity; acquisition strategies; buying at the right price in the current climate; buying to sell; lease options; the growth of the Tepilo brand and the online vs. offline estate agency debate…
With a UK property market considered to be at one of its relative lowest points for decades, the hunger for investors to build their portfolios is ever-apparent. One potential acquisition strategy – that is often overlooked due to perceived misconceptions – is to look into properties that have been left empty by previous owners. Please see an interview below with David Ireland of the Empty Homes Agency with whom we discussed current levels of empty properties in the UK; the effects of the recession on the situation; the housing deficit; the government’s response; what steps can be taken to investigate an empty home; seeking legal advice; available grants for renovating empty properties; getting advice from local authorities; the organisations’ campaign for council tax relief as well as a very worthwhile conference worth attending on May 23rd.
Viewing a Property – Some Basic Tips – Part 4: Plumbing
Part 3 of our series on viewing and examining properties looks at the bathroom. As one of the main areas in a house, it is here where problems can occur the most due to the fact that it is used so often. More often than not, however, bathrooms are relatively easily replaced and defects can be sorted out quickly and easily. Below are some common problems that can occur and how they can be resolved: Peeling Paint – a very common problem that is caused by condensation and lack of adequate ventilation. It is best to scrape the peel off and replace with a water-proof paint. Also ensure that the extractor fan is working properly and your tenants are aware of the need to ventilate properly after using the bathroom (particularly after showers). Dripping Tap – probably the most common problem in bathrooms (and kitchens) – … [Read More]
You may remember reading part 1 of our blog posts on viewing a property – part 2 lists some of the most important defects that you should look out for when visiting properties as well as potential ways to get the issues resolved: Roof sagging – generally points to problems in the support of the property and not necessarily a serious problem. Ask questions (as best you can) about how long the sagging has been going on for and refer to a roofing specialist for an opinion if in doubt. Hairline cracks over windows and doors – this is a very common default, particularly in older properties, and can often occur as a result of years of window and door movement (sorted by plastering). Walls undulating (forming waves) – this generally means that the foundations are moving or have moved … [Read More]
This post gives a brief outline of what to look for when it comes to buying materials and managing property refurbishment. You should, first off, know what a good price is for the items that you wish to buy. Get the following trade catalogues: (i) Screwfix (ii) B&Q (iii) Wickes You can compare what sort of prices these three companies are charging and use them as your benchmark. A lot of builders usually end up going to these suppliers (smaller merchants would often charge more due to not benefiting from economies of scale) so you can know whether the materials quote they are giving you is over-inflated. Labour costs vary according to location, time of year and the job itself but you can get a general feel by phoning around a few builders using websites such as Yell and asking … [Read More]