The COVID-19 pandemic has led to the UK government imposing extreme social distancing measures across the country in an attempt to prevent the spread of the disease. These rules have had a major impact across the country and many people have been confined to their homes for several weeks. There is no doubt that social distancing measures have had a dramatic impact on our daily lives. Read on to see what this may mean for buyers.
As we enter the Spring and the weather starts to improve, many of us begin to consider home improvements. Whether it is to improve the kerb appeal of our homes, increase property value or it’s simply a question of “keeping up with the Jones’ “. Roof repairs are a great way to go. According to studies in the UK, a new roof can have a 63% return on investment (This is Money) while drastically improving the appearance of your home. What’s more, nearly 70% of potential buyers say that kerb appeal is a huge factor in the buying journey.
Earlier this month (Februrary 2020) the government released information on its proposed new First Home scheme. It aims to address affordability for first time buyers and key workers by providing new homes at a discount of at least 30%. It aims to lower deposit and mortgage requirements for local first-time buyers in England – “shaking up the housing market and making the dream of home ownership a reality”
For many people, their house is will be the most expensive thing that they own. So, it is important that if you are planning on selling it, you manage to get the most that you can from it. The housing market is a fickle market and there are generally two factors that would usually determine the value that you can get for your property – what you are actually offering and how much the potential buyers want your property. Find out some ways to increase the value of your property in 2020.
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