Hunters News June Edition


Welcome to the fourth edition of our Hunters newsletter, we hope you are enjoying the content and we want you to make sure that your preferences are set to make sure the news you are receiving is relevant to what you are interested in. If you do not wish to receive further newsletters please click the UNSUBSCRIBE BUTTON AT THE BOTTOM OF THIS NEWSLETTER

Should you wish to update your preferences you can do this in the menu bar on the right hand side.If you know anyone else who would be interested in hearing from us, then please forward the newsletter to them when you receive it from us.




Increase the selling price by investing a little in the heart of your home

Kitchens are often referred to as the heart of a home.With potential purchasers increasingly canny about keeping hold of the purse strings it’s sensible to make sure yours is up to scratch.

First things first though, you don’t have to go out and buy a top-of-the-range kitchen to sell your home. The hard truth is that if you go for luxury you’re unlikely to get your money back.

A good clean and de-clutter of the worksurfaces can make a huge difference. Think about lighting; a few pounds spent on some higher wattage bulbs can shine a whole new light on your home.

There is no better use of a spare afternoon than giving the kitchen walls a lick of paint. White really can’t be beaten for freshening-up a room and making it look more spacious.

New worktops and replacement kitchen doors can be an economical way of updating an old-fashioned kitchen. But, with recession-hit companies pulling out all the stops to drum up business with special offers galore, a new kitchen may be dramatically less than you expected.

Kevin Hollinrake regularly gives sellers the following advice "it’s no good just replacing the kitchen if the bathroom is grotty. You need to do both. Putting in a new kitchen and bathroom normally increases the selling price by between &10-&15,000. So - if you shop around - it certainly won’t be money down the kitchen sink." Kevin Hollinrake (Managing Director)

Need a second opinion? Hunters’ staff see kitchens and bathrooms every day of the week. Ask them and they’ll give you an honest opinion on yours - and the best way to turn potential buyers from lukewarm to keen as mustard about your kitchen; and home.

Linda Barker has also produced a guide and video exclusively for Hunters, packed full of low-cost designer tips on the best ways to add value to your home: Click here to view more: Click Here To View Linda Barkers Video



Hunters reports sales volumes are slightly down on last year but prices holding steady..

Want to sell your house?

The key message for summer from the Hunters property group is to get the asking price right.Being greedy and over-asking by even an extra few thousand pounds can make a “massive difference” on the amount of interest that your property attracts.

Kevin Hollinrake, Managing Director of Hunters, says: “It is incredibly important to get the launch marketing of your property right as this is when the best price is usually achieved.

“Good photos, internet coverage and a professional marketing package are all vital but so is the asking price - get it right first time and you’ll be moving much quicker and with more money in your pocket.”

Hunters reports that sales volumes are down around 4% on this time last year and new instructions are also slightly lower - with a 9% reduction on the same period in 2010. “Prices are steady,” continues Kevin Hollinrake  “But our advice to anyone who is keen to sell is that you have to get the price right.”

Kevin advises getting several valuations.

“Judge the agent by who provides the most relevant evidence of other properties that have sold,” says Kevin

“Be particularly wary of any agent who seems to pluck a figure out of thin air or who makes vague references to other recent sales.

“A good estate agent will bring documented examples of comparable homes for you to study and make an informed decision on the asking price.

“Don’t be pressurised to make your mind up straight away. The sound of a huge asking price can be very tempting. But the wise seller will see the common sense of not being greedy - and netting that vital interest within the first few weeks; rather than frightening potential purchasers off.”

 Click Here For More Hunters News



Ilkley family home back on market after total refurb

 

A highly desirable four floor central Ilkley property is back on the market and attracting huge interest after exciting renovations.The stone Victorian property in Ashburn Place, Ilkley was on the market for 18 months without raising much interest. But following a complete refurbishment attracted four viewings and two offers in the first three days on the market alone.

“It demonstrates that in the current market going the extra mile makes all the difference,” said agent Lester Hurst of Hunters the Estate Agents.

The house, in a quiet town centre cul de sac, was on the market originally for &359,000. When the vendors realised they were getting no interest in the property they asked Lester’s wife interior designer Natalie Murray-Hurst (www.murrayhurstinteriors.com) for advice.

The four bedroom property has undergone a complete renovation throughout with new bathrooms and carpets, while improving many original features including the tasteful black and white tiled traditional hallway.

Back on the market now at &375,000 the house has now had the cellar converted into a potential cinema or play room, a new en suite marbled bathroom has been fitted and the shaker style kitchen had new worksurfaces fitted.

The property is just a short walk from Ilkley’s famed Betty’s Tea Rooms and has excellent views over the moors. “This property is key ready and has been totally transformed,” said Lester. “Before there was no interest, now with a little spending on renovation it looks likely to be snapped up very quickly. It just demonstrates that in a difficult market thinking outside the box a bit can make all the difference.  Clck here for more details

T - 01943 660500

M - 07866 373737 

lester.hurst@huntersnet.co.uk

 



Landlords remain unworried about interest rate rises

Landlords unworried by rise in interest rates

Thursday 2nd June 2011

Landlords are increasingly optimistic about the prospects for buy-to-let.

A new ‘landlord sentiment’ survey by LSL Property Services, parent company to Reeds Rains, Your Move and the former Halifax agency offices, says that nearly half (49%) of landlords think it is a good time to invest in more property.

The landlords are also unworried by the prospect of rising interest rates, saying that they would need to rise 3.25% on an average buy-to-let tracker mortgage to exceed current rental income.

Nearly seven in ten landlords (68%) expect rental demand to grow in the next year.

However, 54% are finding mortgage finance harder than a year ago and cite it as their biggest obstacle.

Of those landlords who have bought in the last year, 48% were cash purchasers.

With 185,600 fewer first-time buyers entering the sales market in the last 12 months than in normal years, over half of landlords have seen a rise in tenant demand in just the last three months.

David Newnes, estate agency managing director for LSL, said: “Optimism among landlords is not only buoyant, but increasing. Soaring rents and climbing demand from frustrated first-time buyers are not only making buy-to-let an attractive proposition for new property investors – but are encouraging existing landlords to grow their holdings before property prices increase once more.”  
 
The latest LSL Buy-to-Let Index showed that rents now equal their all-time high of &692 per month.

As a result, landlords with mortgage finance have an average of &274 in rental income a month after mortgage payments – or &3,288 per year.

This means that even if interest rates increase by 3.25%, landlords’ current rental income would be big enough to absorb the increase in the cost of a tracker mortgage on the average buy-to-let property.

Newnes said: “Landlords are taking a healthy sum once the mortgage has been paid each month. Many are taking the opportunity to either pay down their mortgage or expand their portfolio – or are using the opportunity to build slush funds for rainy days or future higher mortgage costs.

“With the Bank Rate forecast to remain below 2% until at least the end of next year, landlords can expect to see rental payments rise without facing the burden of higher mortgage payments.”

 Glynis Frew (Director) commented "we are seeing an increase in the number of accidental landlords, who are letting and waiting for selling prices to stabilise or rise but also a sharp rise in the number of out of town investors." 

For a free lettings valuation from one of our agents click here for more details. 

 



Follow us on Twitter, Facebook and You Tube

Follow us on Twitter

Like us on Facebook

Or watch us on YouTube




Categories