How to sell your home quickly this Summer

In this month's edition, we're full of helpful tips for our La Manga Club residents and those looking to purchase a home here. We offer our guidance for first-time buyers on what mistakes to avoid, there's a set of property maintenance tips for your property, you'll find our advice on how to sell your home quickly this Summer and finally, how to keep it cool during the hottest days of the season.

Elsewhere, we offer our guidance on how to add a little more value to your property alongside the news that supply and demand are currently outstripping Britain's Brexit concerns. 

Costly mistakes for first-time buyers to avoid

 

There’s no denying that purchasing a property in La Manga Club can be an incredibly exciting process. Everything from your first viewing to deciding which bread bin goes best with your new kitchen can feel like a thrill, but that doesn’t mean that there aren’t a multitude of things to avoid as you look to buy your first home.

But don’t fret! We’ve outlined the most common mistakes that first-time buyers make when looking for the property of their dreams, and what your best practise should be instead.

Seal an agreement in principle
First things first; get an agreement in principle from your lender in place The importance behind getting this step resolved is that it will give you an idea of how much your mortgage provider will allow you to borrow, and given that they’re often valid for 30-to-90 days, you should have the best part of three months to search for the right home before you need to get the agreement re-evaluated.

The benefit of getting what’s also known as a mortgage promise in place is simple; should you find a home you love and need to act fast, there’s no guarantee that you can find a loan big enough for you to buy it. With that in mind, figuring out the amount of money that you have at your disposal is vital.

Check your credit score
Another simple thing, but one that is also frequently missed. Checking your credit score prior to applying for a mortgage can save you a large potential headache; if you have a poor credit score then you run the risk of your mortgage application being rejected, which will cause further damage to your score. An early check of your score prior to applying for a mortgage can allow you to correct errors and get your credit rating in a healthier place.

Do your sums!
The process of buying a home is about much more than the price of a property; you have to factor in valuations, house survey costs, legal fees and conveyancing. These financial hits can seem unreasonable, but again, they’re vital to making sure that the property you’re buying is in good condition. With that in mind, make sure that you have enough money for these vital parts of the purchasing process, too.

 

Prepare your viewings

Buying a home in La Manga Club has to be approached a little differently; it's not easy or practical for most people to book a viewing for a home and board a plane to our part of the world at a moment's notice. With that in mind, we recommend organising several viewings ahead of time over the course of a few days or even a week; give yourself time to get to know the area and take your time during your appointments to make sure you remember every detail about the properties that you'll be looking at. 

What’s going on locally?
This is where a good local agent such as Marena Murray Property comes in. All of our employees live locally and can tell you all about La Manga Club, from the best restaurants, bars and activities to make sure that you'll feel fully informed of the area and what it has to offer. 

Ask questions and don’t be afraid to get advice
It’s important to know what you want out of a home prior to conducting viewings, and it certainly does not hurt to have an idea of what questions you’d like to ask before you start visiting properties. Ask the sellers why they’re thinking of leaving, for example, or how long they’ve lived at the property, whilst testing out things like taps, windows and lights.

 

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Essential property maintenance tips during the Summer months

 

Now that Summer is availing itself, many of us are making the most of our outdoor spaces and enjoying the uptake in the weather. However, whilst we enjoy being outside don’t forget to keep your property ticking along during the warmer months. Here are a few maintenance tips that should keep your property in tip-top condition over the Summer season.

Check your gutters
After the colder months, gutters are at risk of leaks with the wind moving debris into gutters, so Summer is the ideal time to check their health. Leaky and unsecured guttering can lead to bigger problems of water damage to your property, as well as being a fall hazard. Whilst you’re checking your gutters, go ahead and check your drainage system at the same time to ensure that there aren’t any blockages there, too.

Doors and windows
Similar to your guttering, doors and windows have been through a rough period by the time summer is in full swing. The colder nights can potentially crack door and window seals and with Spring showers potentially causing further damage, it is imperative to check your doors and windows. Of course, if you have double glazing this is less of an issue, but checking that your seals are in order is certainly a good use of half an hour during the summer to stop any problems later on in the year.

Sound the alarms
Whilst a check of your smoke and CO2 alarms may not seem like a particularly Summery activity to be carrying out, you should be checking these units several times a year. By building these checks into your summer list of tasks, you are keeping yourself and others safe.

Insulation throughout the seasons
Updating your insulation may intuitively seem like a winter task, but part of keeping your home cool and comfortable in the Summer is good insulation as this will stop heat penetrating the building. Of course, when it comes to the winter months you will also reap the benefits of insulation as it will keep the heat from escaping, ensuring a cosy property when the temperatures begin to drop.

 

Why not enlist our property management services?

Our hand-picked, driven and efficient Management Team will carry out regular checks on your property whilst you are not in residence and provide speedy feedback to you confirming everything is in order. We are the most pro-active team on the resort with a high level of experience.

 

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How to sell your home quickly this Summer

 

With plenty of buyers motivated to purchase a holiday home, villa or even looking to emigrate to La Manga club, Summer can be the perfect time to sell your property here. If you’re selling, or considering selling, then read some of our pointers to help you sell quickly during this Summer...

Kerb appeal
As is always the case with selling properties, a first impression can make or break a sale with a poorly presented property often putting off buyers before they have even set foot in the home. With the Summer sun shining a light on any less-than-perfect parts of the exterior of your property, you should ensure that flowers are planted, weeds are pruned and lawns are mowed. Extra attention to details, such as ensuring that the front door has been cleaned and the windows are streak-free will pay dividends in your selling process.

Accessories
A neutral interior will appeal to a mass market and increase the scope of your property in terms of potential buyers, but if you are looking to make the most of the summer then don’t be afraid of colour. Using accessories to add pops of colour around your home that reflect the brighter summer season – such as burnt orange and lemon – will make your property stand out from the crowd in those all-important photographs.

Lights
When we think of Summer, we all first think of sunshine and brighter evenings – so make the most of this light when presenting your home for sale. Get rid of heavy curtains and dark blinds, which can make a room feel smaller and prevent the light from entering a room. Buyers want to feel that rooms are bright and spacious, so if possible, have windows and doors open throughout the house to create a light, airy feeling (as well as bringing in those fresh summer scents).

Set dress
Set dressing refers to the arranging of a room or space in order to paint a picture of the kind of lifestyle which could be enjoyed in your property. Never is it more important to set dress your garden than throughout the Summer months, with potential buyers wanting to know that they will be able to enjoy the outdoor space which your home provides. Tempt potential buyers by showing off your outdoor spaces with garden furniture, fire pits and barbecues.

 

Choose the right agent to help you sell your property

Marena Murray Property is the expert when it comes to buying and selling property in La Manga Club; we handle millions of Euros worth of property each year alongside our more experienced staff who work longer and harder on your behalf. We'll find you the right buyer at the best price in the shortest possible time.

 

Click here to learn more!

How you can add a little more value to your property

 

When we decorate our properties, it is often driven by personal preferences in order to make a space fit into our own idea of what is stylish. However, if you are not just looking to decorate a space but to maximise the potential value of your property, then read our guide which explores the best ways to add worth to a home.

Solve existing issues
If you’re thinking of adding value to your property then don’t jump straight to improving the aesthetic of particular rooms in order to gain the much-lauded “wow factor”; instead, make sure that your property is structurally sound. It may have less cosmetic impact, but a house with a leaking roof, subsidence or damp will be severely hindered in achieving a strong asking price due to the perceived costs and effort in fixing the issues. Take the time to assess your property and ensure there are no major defects, and this will give a solid foundation for your property to achieve the best price on the market as buyers will not be scared away by problems, nor will they be able to barter the price down.

Extra space
Adding additional living space will always attract potential buyers as this offers them versatility in the way in which they will use the property; however, before you convert that loft or garage then we would recommend doing a little research. A converted loft can add thousands to the asking price of your property, so it is certainly something to consider – before you undertake this do take a look at similar properties in your area and do some investigation as to what the top selling price has been lately. There will be a ceiling price to the properties in your area, and therefore before you add a room, make sure that there is the potential to recoup the cost in the asking price of the property.

Decoration
If you’re looking to add value to your property without any major outlay, then picking up the paintbrush could be the answer. Freshen up any paint that has seen better days around the house and do the same in the bathroom, checking on any sealants to ensure they are crisp and clean. Clean up a few simple defects and potential buyers will see your property in an entirely different light, willing to pay more for a home that they perceive to be in excellent condition. This should extend to the frontage of your home, so ensure lawns are mowed and outside areas look cared for.

Kitchens and bathrooms
That old saying that homes are sold due to their kitchens and bathrooms is true, to an extent. Having a modern kitchen and bathroom will add considerable value to your property, as well as generating much more interest from potential buyers. If you don’t want to invest in a brand-new kitchen and bathroom, then update your current spaces in order to make them more sellable. Kitchen cabinets can be painted to modernise them, and changing the door handles to something sleeker will also help to create the feeling of a newer space in the kitchen. In the bathroom, refresh the paint on the walls, keeping it as neutral as possible, and ensure that the space is bright and airy – add mirrors to make the space feel bigger, and use accessories to add colour into the space.

Keeping your home cooler this Summer - our top tips

 

A lot of us spend the colder months of the year in Britain dreaming about the summer, but it can be easy to forget how inhospitable the heat can make your home when it comes to spending time at your villa or La Manga accommodation.

Ensure you have all the fun in the sun with none of the discomfort with our guide to keeping your home cool this summer.

Use your windows and curtains
It’s a shame to shut all that natural light out of your house, but unfortunately, it comes with a good deal of heat. Closing all your curtains or following the sun’s progression across your house will seriously lower the temperature.

However, as soon as the sun has gone down, we would recommend throwing open the curtains and windows so that you can let in as much of that cool evening air as possible.

Build a makeshift air con
Can’t afford the electric bill and initial cost of an air conditioning unit? You can create your own air con by placing ice/frozen ice packs in a washing up bowl. You can then place it at an angle in front of a regular fan, which will circulate cold air around the room.

Switch off the electrical appliances
Every single one of your appliances give off heat whilst they are on. During the hottest hours of the day, you should avoid using washing machines, dishwashers, hobs and ovens. Lighting should also be avoided when the sun goes down.

Drink plenty of water and eat cold
Staying hydrated and eating cold food like salad will help you to keep your body temperature down and avoids using any heat-generating appliances.

Sleep on the lower floor
Have you ever headed upstairs when it’s sunny, only to find that the upper floors are far warmer than the lower floor? This is because heat always rises to the highest possible point. If you are struggling to sleep, ditch the sweltering upper floor and sleep downstairs – either on your couch or your airbed.

Insulate
You probably see a lot of advice articles recommending insulation for keeping your home warm in the summer, but did you know that it also keeps the heat out in the summer? If you don’t already have insulation in your home, it will practically pay for itself in the money saved on energy bills.

Supply and demand outstripping Brexit concerns

 

With the Brexit date being pushed back once more, it would appear that supply and demand for property is now the driving factor in the market, with Brexit taking the back seat in terms of market-driving factors.

In a recent survey from property investment company SevenCapital, nearly 69.5% of investors continued to invest in the United Kingdom despite the spectre of Brexit. Indeed, this confidence in the United Kingdom property market is echoed by international investors, with nearly 95% of the Hong Kong respondents believing that Brexit isn’t a critical factor in their investment decision.

SevenCapital points out that the Sterling has risen in value – a better indicator of fiscal stability – and this outweighs any potential impact that Brexit may have levied upon the market. With the average price of properties increasing last month by over 1% or £3,347, according to Rightmove, then house prices are also reflecting this upturn in the market.

In terms of the rental market, rental yields have also grown in recent months with the best performing areas in Birmingham and Manchester seeing yields driven up as much as 10%. With new changes in the rental sector such as the Tenant Fee Ban and Section 21 changes, tenants and potential tenants should be feeling more empowered in terms of their rights which should encourage more renters into the market.

Despite the headlines that Brexit has provided of late, it is evident that other factors are driving the property market, both sales and lettings. A key point to note is the lack of housing supply and increased demand of late with this duality keeping the market buoyant, despite any political uncertainties. With first-time buyers now at record levels and keen to buy, there is a whole new swathe of potential buyers entering the market which is creating an extremely competitive sales environment.