The latest news from Marena Murray

The latest news from Marena Murray


Welcome to the latest edition of the Marena Murray monthly newsletter.
 
With the current lockdown restrictions in place, Marena Murray Property are offering virtual viewings to keep you moving with your property journey as normal. 


Is Buying With A Friend A Smart Investment?

Buying a house can be a clever investment. The more you pay back, the more equity you will gain on the property that organically grows overtime, and even more so if you invest money into the property. It can be an unnerving thought saving independently, so the question often arises to whether it is a smart decision to invest with a friend.

It’s easier with two!
Anyone who has bought a house before, will understand the test of applying for a mortgage loan. When applying for a conventional home loan, the lender will need a minimum of 680 credit score and at least a 5% deposit. For some people, this can be quite daunting and infeasible. But having two people signing the mortgage application can increase the odds of agreement.

If you do decide that buying a property with a friend is the right move, the mortgage lender will base the approval on the combined income and the average of both your credit scores. This of course increases the financial opportunity for you both and will also ease the overall fee by splitting everything equally.

One bad credit report can reflect badly on you both
It may all sound well and good splitting everything equally, but it can also be tricky relying on someone else with such responsibility. Your friend may begin to be punctual with payments, but for whatever circumstances; job loss, demotion, or just struggling to afford the mortgage from their monthly income, and they are late paying, it can then put your credit rating at risk.

Because both of your names are on the mortgage, you both are responsible for that commitment. If payments are late, then the bank will report you both to the credit agencies for nonpayment, despite whose fault it is. But don’t stress, you do have a full 30 days after your payment due date before the lender can make an official report to the credit bureaus.

Monthly expenses halved
A big advantage of living with somebody else is being able to split the household bills. Paying for this alone, as well as the mortgage can be hard and could leave you with very little left over at the end of the month. Taking that pressure of, by sharing the cost can be a beneficial aspect.

Council tax, utility bills, telecom, TV license and insurance are your typical household bills. And that isn’t even including food, travel costs, gym memberships, credit card payments or healthcare! With all that you will be thankful for that extra person.

Are you ready to test your friendship?
Things can quickly turn sour over the slightest disagreement. Whether it be over your bills or just simply pulling your weight with the cooking and cleaning! To avoid this, cover your back. In your written agreement, go into detail. The breakdown of expenses, how repairs are managed and how together, you will maintain the property.

Unlike renting, it’s not as simple as finding a new roommate if things go bad. Removing someone from the mortgage can be hard. You either would have to sell the property or refinance the loan under just one name. Neither option is easy. Selling can take months and approval is never a guarantee. Have an agreed-upon exit plan outlined in the written agreement to protect yourself.

Key points to take away
• Try renting first. There are options to rent month to month at some properties, so why not test it out first. See how you both split the cost, take on responsibilities and look after the place.

• Do your research. Just like a bank, check their credit reports. See how much they earn and If they have made previous payments on time.

• Hire an attorney to write your informal contract. Cover all avenues and be detailed. Just do your research and make sure you and your friend both have the income to cover the monthly investment.



Spanish Government suspend mortgage payments

Spanish Government suspend mortgage payments during the Coronavirus emergency in Spain.

 

The moratorium has provided a helping hand to small businesses during this worldwide emergency. The Spanish government have started announcing measures to reduce any financial and economical impacts that the virus has had, by suspending mortgage and rental payments for companies and those who are self-employed workers.

 

 Currently this measure is applicable to the sectors of the population who are in an economically vulnerable position due to Covid-19 and to those diagnosed. However, it has not been ruled out that the suspension of payment could be extended to individuals who have been made redundant due to the national emergency.

 

This is intended to assist employees who lose their income because of the crisis and the self employed who will suffer a drastic fall in income.

The regional government have set up a helpline to provide information to members of the public. They also urge people to call 112 emergency service line if they suspect they have the symptoms of the virus. Please don’t go straight to the hospital or medical centres, a member of medical staff will be sent to your home for testing.

 

For more information: https://murciatoday.com/spanish-government-suspends-mortgage-and-rent payments-for-businesses-the-self_employed-and-those-losing-their-jobs-during-the-coronavirus-emergency-in-spain_1359250-a.html 



10 Home Decor Ideas

 
Now that spring is just around the corner, the much-welcomed extra sunshine might be shining a light on some of the less-polished parts of your property. If you’re thinking that a good spring clean won’t quite cut it this year, then follow our 10 home decoration ideas to instantly transform your home…

1) First impressions count
We all know that it is tough to change a first impression once it has been made, and the same is true for our properties. If you don’t have a grand entrance hallway, and even if you do, it is important to create the right aesthetic as soon as you step through the front door. Depending on the size of your entrance hallway, choose an appropriately sized console table with a few choice ornaments and you’ll create an elegant first impression. A traditional table with some tasteful art above it will set a sophisticated tone, and an on-trend transparent table with high-gloss accessories will create a chic and modern atmosphere.

2) Mirror, mirror on the wall…
If you have a staircase in your home, it is easy to see it simply as a passageway to the next level of your home. Similarly, if you live in single-storey accommodation then you will most-likely have a hallway that you see simply as a thoroughfare. Instead of treating these spaces as utilitarian, turn the walls in to a gallery by hanging a variety of antique mirrors, an eclectic mix of photo frames or a mixture of both. Charity shops and antique shops are a great place to source interesting frames and mirrors, and as an added bonus, the reflective surfaces will help to brighten up the staircase or hallway.

3) Feng shui your home
When it comes to transforming your home, it’s not just a case of spending money – using what you already have in a different way can have equally stunning results. Rearranging your furniture is simple enough to carry out, but it can change a room entirely; throw the rule-book out of the window when you are experimenting with where to put your furniture and see what looks best. In the living room, for example, arrange your furniture around a coffee table rather than facing the television and you will create a much more social space.

4) Don’t neglect the accessories
One of the most cost-effective ways to update your home is through accessories; by simply enhancing what you already have through a few choice items you can take your home from drab to fab. Of course, the essentials of throw cushions, blankets and ornaments (such as candles and vases) are the holy trinity when it comes to jazzing up your room; however, you can also branch out to lampshades, wall hangings and art. By rotating your accessories seasonally, you will keep your rooms looking fresh, on-trend and reflecting the time of year.

5) Flower power
If you’re going to do one thing to your home in order to quickly refresh it, then adding flowers is a great idea. Placing some nicely arranged flowers in a clear glass vase will make any room feel more cared-for and elegant, all for only a few pounds!

6) Create a dreamy sleep-space
A good night’s sleep is essential for all of us, but the bedroom is often the last room that we renovate as it isn’t on show, like the living room or kitchen often is. Indulge yourself, and step-up your property’s style by investing in some bed linen. Plenty of cushions twinned with a matching throw at the foot of your bed will instantly make your bedroom feel more sumptuous, and you’re guaranteed to sleep soundly in your upgraded boudoir.

7) Don’t shrug from the rug
Floor coverings are costly and time-consuming to replace, so if you’re looking for a quick-fix to update your home then we wouldn’t suggest laying a whole new floor. Something that will make a difference, however, is the use of rugs. A simple rug can change the whole aesthetic of your room, and the choices are endless; you can choose from boho, rustic or traditional and small, large, long or wide. Experiment by layering rugs and creating interest in your floor spaces without the expense of having to change the whole floor covering.

8) Curtains up
Curtains are more than a privacy aid, they can add colour, texture and interest not only to your windows but also throughout the home, if you are brave enough to use them creatively. Using curtains as an alternative to a door can add rich texture to your home and using a contrasting colour will make them pop against your walls.

9) Let there be light
Something that can make a room feel dark and dreary is a lack of light. If you want to transform your home, then changing the light fixtures, or adding in some extra lighting can make all the difference. Ensure that your ceiling lights aren’t dwarfed by heavy lampshades which are constricting the amount of light in the room – current trends favour glass lighting fixtures anyway, so changing your lampshade should be a simple fix. We’d also recommend adding in some uplighters and floor lamps to the corners of your room in order to avoid the wasted dark spaces which we are often guilty of neglecting.

10) Make a statement
If your walls are looking a little plain, or you’re simply looking for a way to brighten up the room then statement art is the answer. Easy to change and rotate with the seasons, statement art such as large-scale photography or something abstract will transform even the most listless room.



Viewings from the comfort of your home!

Technology is a wonderful thing!

Thinking of buying your Home in the Sun in La Manga Club?

Why not have a viewing of some of our stunning properties from the comfort of your armchair by FaceTime?

Contact the office to arrange a virtual viewing today


Click here to read Viewings from the comfort of your home!.



Place Your Property in our Hands

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.

Click here to read Place Your Property in our Hands.



Guided Bike Ride

The Sierra Espuna Natural Park offers some of the most stunning scenery in Murcia & one of the most challenging Murcia cycling climbs. Every weekend hundreds of cyclists climb Collado de Bermejo.

Click here to read Guided Bike Ride.



Craft beer and tapas

Pay 12€ in advance and get 3 craft beers and tapas. A way to meet other students from UCAM! 
 
Sat Mar 28 2020 at 01:00 pm
 

Click here to read Craft beer and tapas.



Rod Stewart Tribute

Possibly the best Rod Stewart tribute on the Costas , this guy is special. €15 pp includes a 2 course meal.Early booking essential for what is always a sell out.
 

Click here to read Rod Stewart Tribute.



Keeping your home safe and well ventilated during winter

 
Considering that winter is the 'spike' season for insurance claims – as it's where the majority of problems occur regarding home maintenance – there's never been a better time to implement safety precautions in and around your home.
 
The stress and emotional ordeal caused by the aftermath of a home burglary can be really traumatic.
 
That is why we have strung together three measures that insurance companies recommend homeowners undertake to reduce the chances of a break-in:
 
 
 
Refrain from hiding keys. The best way to go through your daily life is to always assume opportunistic burglars are watching your house, waiting for a window of opportunity.
 
There will naturally be situations out of your control, such as where you or another household member may forget your key when leaving in a rush, so it's worth leaving a spare key with a trusted neighbour rather than in a hidden spot outside of your property. 
 

Implement a reliable security alarm system. Motion-activated floodlights and cameras are effective tools to deter home invasions, and they can prove useful when reporting any attempts by intruders.
 
Light, noise and video devices will immediately make your home less of a target, as they add layers of complexity to what could otherwise be a simple in-and-out home break-in.
 
As an added bonus, insurance companies tend to make greater allowances for homes with modern security systems, so investing in these measures could mean you get a better deal on your cover. 
 

Lock doors and windows. Whilst it's common sense to lock all entry points to your property, it's the one that's most often overlooked – especially with ground-floor windows.
 
Unlocked doors and windows can void any policy protection in place, so it's crucial you remember to keep your home under lock and key.
 
This applies when you leave the property and also at night, as 64% of burglaries occur while residents are at home.*
 
 
 
During winter, it's our natural response to close the windows and blast the central heating on to keep our home warm and toasty.
 
The underlying issue of this is that it stops the air circulating, and – over time – this can cause damp and mould to form.
 
An easy solution is to open windows for periods of time like when someone's cooking or having a shower / bath. Or alternatively, to implement and use extractor fans or dehumidifiers, as these will reduce the chances of forgetting about an opening to your house.
 
For our help as property professionals this winter, contact us today.
 
 
 
*Office for National Statistics
 



How to get your villa ready for Christmas

 
With Christmas on its way, our homes will soon become the hub of the season.
 
When starting your preparations, it can be easy to quickly feel overburdened with a never-ending to do list of jobs around the home and supplies to buy.
 
Before the pressure mounts, we've provided a few simple steps to help you take each item step-by-step.
 

Decorating
 
Already in November, reports revealed that many households were decking their homes even earlier this year, in an effort to move 2020 along!
 
Putting up Christmas decorations is the official sign that the holidays are on their way.
 
Whether you're transforming your villa into a winter wonderland, investing in a festive wreath or keeping it simple this December, it's important to include the whole family when dressing your home.
 
So grab the drinks and start untangling the Christmas lights for the moment when everyone gathers around the tree!
 
One of the most effective decorations you can bring into your home is a scented candle, as a cost-effective and subtle way to add to your festive ambience.
 
Many people overlook the importance of getting the scent of your home right, especially when it comes to staging a property for viewings, such as using a mulled wine or winter berries smell in December.
 
 

Preparing the kitchen

With Christmas dinner one of the most highly anticipated events of the year, it's key to be as organised as possible!
 
That way, you can avoid spending the entire day tucked away finalising kitchen preparations and clean-ups.
 
Give yourself as much space as possible by clearing surfaces in the weeks running up to Christmas. With plenty of seasonal recipes to choose from, it's also worth considering doing as much of the work as you can before the big day arrives.
 
 
On Christmas day, the kitchen can be a natural place for family members to gather. By setting up a drinks table away from where you are preparing food, they can celebrate with you whilst keeping out of the way.
 

Outdoor decorations

Fairy lights are often the most common type of outside decoration and can be placed along your gutting, windows or plants – making your villa light up at night.
 
Other effective decorations can also include light-up wreaths for your front door, adding a festive look during the day and night.

 
 
If you're thinking of bringing your property onto the market in the new year, book a consultation with our agents to find out how we can help.
 



How to make the most of a small kitchen

 
 
Having gone through lockdown, the most desirable factor that's attracting attention from buyers and tenants right now is a property with plenty of space.
 
 
As a central room, it's really important that you're maximising value from your kitchen, whether it's because you're making a move or simply in preparation for the festive season ahead.
 
You want your kitchen to be practical and attractive, which requires innovative design ideas and creative storage solutions.
 
To help you accomplish your renovations this December, we've brought you our top suggestions for making a small kitchen feel spacious and inviting. 
 
Take off the doors
 
You would be surprised at how much space traditional swinging doors take up.
 
If it opens outwards, the kitchen door might not be as much of a problem, but if it swings into the kitchen, that could mean you're losing up to a square metre of usable space.
 
 
Go for a light colour scheme
 
As an effective, quick fix to make a small kitchen feel bigger, opt for a neutral colour scheme.
 
Neutral does not mean just sticking to shades of white and cream, why not try white patterned tiles and marble counter tops with a light grey cabinet?
 
This will bounce the light around, making it feel much more spacious than you would find with a darker colour palette.
 
 
Install a small breakfast bar
 
If there is no room for a dining table in your kitchen, consider sacrificing a few cabinets to squeeze in a small breakfast bar.
 
Or you could even consider using a wide shelf on the wall for an alternative table space – the stools can even be tucked underneath to avoid being in the way.
 
 
Work your way up the wall
 
When surface and floor space is limited, it is a good hack to use up wall space too.
 
Install shelves, rods and notice boards to take the utensils and clutter from your workspaces and onto the walls instead.
 
Adding plants and more lighting will also brighten up the room, creating the illusion of openness.
 
 
Make use of the space around your fridge and oven
 
Even if you only have a slither of space between the wall and your fridge or oven, you could think about making a hidden rolling cupboard; perfect for storing cans, spices and dry food.
 
 
Invest in an over-the-sink cutting board
 
For kitchens that are tight on surface space, an over-the-sink cutting board is a good way to take advantage of the whole area available.
 
It is also a practical way to wash your fruit and veg without making a mess.
 
 
Take advantage of the end of counter space
 
Rather than keeping this free, take full advantage.
 
Why not install a bathroom rod to hang your saucepans on so it frees up another cupboard for other things. If they are nice pans, it also adds to the aesthetic of your homely kitchen!
 
 
 
 
*Source: LABC Warranty