Shropshire Free Agent – Blog
Latest news, property market information, stories, features and guides.
How Renovating Your Kitchen Can Add Value to Your Bridgnorth Home
The best reason to renovate any room in your home is because you want to make it more comfortable or in-keeping with your taste. However, it could also be because you want to improve the aesthetics of your home whilst you are living in it, absorb the costs of the renovation, and then when you are ready to sell, reap the rewards from having a more valuable home. That being said, when renovating, it is important to be smart about your investment. A new kitchen can add a lot of value to your home, but only if it is done correctly.
Changes take effect from 8th July 2020 and will cease 31st March 2021
The New Stamp Duty Rates And Bands
The nil rate band for stamp duty will be increased from £125,000 to £500,000. This is across the board for residential purchases. Therefore first time buyers and home movers purchasing for £500,000 or below will benefit from a nil rate of stamp duty.
For those purchasing at £500,001 and above, the nil rate still applies and the stamp duty tiers then are applied as normal. This effectively knocks at least £15,000 off the stamp duty bill for every transaction above £500,001.
For those purchasing a second property where the additional 3% stamp duty takes effect. The £500,000 nil rate band will still apply as it did with the £125,000 nil rate. Therefore a flat rate of 3% will be applicable to transactions up to £500,000. For transactions above £500,001 the nil rate still applies and the stamp duty tiers then are applied as normal With the additional 3% added.
This is a huge boost to those looking for a higher loan to value mortgage as money which had been set aside to pay stamp duty can now be used towards the deposit.
Purchasing a second home or buy to let could also now be more accessible. For example the stamp duty bill on a £500,000 second home would yesterday have been £30,000. This is now £15,000.
The saving on the first £500,000 is then passed on at higher purchase prices as it is for a standard residential purchase. Rates increase at the same level. This is great for anyone looking to purchase a second residential property or a higher value investment property.
Buying a Home in Bridgnorth – Budgeting for Fees
Out of all the purchases you make in your life, your home is likely to be the most expensive, but it’s not just the price of the property you need to take into account. When you purchase your new home in Bridgnorth, you’ll have fees and other costs associated with the move to take into consideration. Make sure you budget well so that you don’t end up with a nasty surprise!
If you are looking to buy a home in Bridgnorth, do make sure you take into account all the associated fees with your purchase. To help you, we’ve created this handy guide to the most common fees.
3 Tips for Staging Your Bridgnorth Home on a Budget
When the time comes to sell your home in Bridgnorth, you want to do everything you can to make it look appealing to potential buyers. Fixing up any aspects of your home that needs maintenance is one way to go, as is renovating or modernising some rooms to increase your home’s resale value, but if you have already finished these or aren’t planning on making any major renovations before the sale, how do you attract buyers?
What to do before a viewing on your house
Take the right viewpoint when setting your Bridgnorth home up for a sale
They say that when you meet people you have not met before, first impressions make a difference. Similarly, they also say kerb appeal for a property on the market is really important.
Latest News: What’s Happening in the Property Market September 2020
It’s fair to say that COVID 19 still dominates all the headlines, and not just the property ones.
It’s clear that whatever is happening on the politics and economics side of things will continue to have an impact one way or another on the housing market.
What is certain though is that the property sector is interesting and always presents opportunities!
How to winterproof your Bridgnorth Home
Winter is coming…
In many ways, this has been a strange year, hasn’t it? But, you can rely on the seasons to come and go and soon it will be winter.
Some people don’t like the cold and the snow and the rain, while some people believe it is a magical time of year.
Can the Colour of Your Front Door Help Sell Your Home Faster?
When people come to look around your property, they make very fast judgements. One of the first impressions they’ll see of your home is the front view, and this will either be on our website, property portal, or as they drive past and see the ‘for sale’ sign. That’s why kerb appeal is so important, as it helps get buyers in the right frame of mind before they actually view your home.
You may be surprised to learn that research suggests that the colour of your front door could play a part in the sale of your home too, so pay attention to the little details when your property is on the market.
Housing Market Remains Open – What It Means For You
With the nation entering another lockdown period, it is natural people have many questions. At Shropshire Free Agent, we are pleased to say we are still open, and that the housing market is allowed to operate.
Small Towns Experiencing Big Increase In Buyer Searches
It is fair to say buyer demand has shifted in 2020. The impact of the lockdown period has led many people and households to place greater emphasis on space, both inside and outside of the house.
Also, the increased prevalence of remote working has changed buyer interest and activity. While the supposed exodus from major cities such as London and Birmingham is likely to have been exaggerated, it is present.