The latest news from Marena Murray

The latest news from Marena Murray


Welcome to your March newsletter from Marena Murray, here is where we keep you updated with the latest property update, along with featured properties for you in Murcia.
 
We'll discuss why Murcia is the best location for you and how much value these simple home improvements can add to your home when the time comes to sell, as well as three simple ways to expedite the sale process and shorten your journey, and finally, a guide to the secrets of finding your new home this spring.


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.



Your guide to understanding your property's value

 
If you are planning to sell or rent your villa, then it’s important to get an accurate estimate of how much the property could be worth.

To give you an agent's perspective of what that involves, we've provided some of the key take-away points below.


Market value

Firstly, knowing how much your villa is worth is more commonly known as its 'market value', which relates to the price a buyer is willing to pay when considering local and national market conditions.
 

What impacts the value of your property?

The value of your villa can be determined by a variety of factors, such as any recent changes to the property or your surrounding area.

Some of these factors may also include the size, location, amenities, condition and the asking price of similar villas nearby, so it's always beneficial to talk to a local agent with familiarity selling in your area.


The difference between market value and asking price

Valuing your villa accurately is one of the most important parts of the process.
 
Bringing your property onto the market with an asking price that is too low could mean you receive offers below market value.

Whereas if the asking price is too high, you may not receive any offers at all, causing time delays and market stagnation as the ideal buyers are put off a villa that falls outside of their price bracket.
 
So, whilst it can be tempting to instruct an agent based on who is offering the highest value, the risk of this is that you may need to gradually reduce your price anyway to reflect the property's actual market value.
 

How much could your villa really be worth?

The best way to see how much your villa is worth is through a combination of tried-and-tested
methods.
 
It's important to bear in mind that for the most accurate and up-to-date valuation, you should organise time with an agent, as an in-person appraisal will guarantee any recent developments to your villa are taken into consideration.


If you’re thinking about putting your villa on the market, book a valuation with our team today.
 
 
 



How to set achievable goals with your home

 
Setting New Year’s resolutions is a long-lived tradition, however, this year is set to be slightly different.
 
Due to the pandemic, goals – such as travelling the world – will have to be put on hold due to restrictions.
 
As a result, many people are looking for achievable goals and challenges closer to home, and renovating your villa is just one area of our lives we have the power to transform in 2021.
 
Here's how you can get started with your renovations...
 

Make a schedule

Before you get ahead of yourself and want to change everything in your villa right away, take a step back and create a plan you can stick to.
 
This will ensure you don’t take up too much time focusing on everything at once, allowing you to remain stress-free and organised.


Create a budget that doesn’t pinch every penny

Everyone loves to save money where possible, however, if your budget is too stringent, this could cause your goals to fall short.
 
When renovating, you want to aim for the grand picture in your head as much as possible, and penny-pinching won’t help at all.
 
Take the time to carefully save so you don't find yourself struggling unnecessarily, and focus on the little things that can be changed without too much expense.


Have goals that are measurable

When starting a project, it is natural to want to see immediate results.
 
Depending on just how much work is required, you might want to consider planning out key milestones that will signal when the next phase of development has been reached.
 
That way, you won't lose heart from any potential setbacks or delays.
 

Ensure you can’t forget your resolutions

Plaster reminders of tasks you need to complete all over your villa, meaning you can’t miss or avoid them.
 
Whether it’s a big A3 poster or a post-it note on the computer, this will keep your goals fresh in your mind.
 
For more property ideas or inspiration, talk to our team today about the renovations that add real value to your villa.
 
 
 



Why did virtual viewings surge in January?

Online property viewing activity continues to surge due to stay at home demands from the government.
 
It has also been noted within the sector that buyer behaviour has changed – perhaps irrevocably – to include an initial viewing stage.
 
Whereas initially a prospective buyer might select a number of properties to visit in-person, those decisions are now being made more and more commonly online, leading to property shortlists and speeding up how quickly it can take someone to find the right property for them by maximising exposure to the whole market early on. 
 
Now that those within the sector have had 12 months to respond to the pandemic, we've been able to make great advancements in virtual viewing technology as an industry, and this has seen virtual viewings reach a record high in usage of 850% throughout the beginning of 2021.
 
Potential buyers now have access to incredibly realistic ‘walk-through’ villa tours, giving them and sellers peace of mind with the sales process.
 
Ultimately, virtual viewings have provided protection during the pandemic, whilst maximising the exposure of properties on the market.
 
However, another bonus is the convenience and ease provided to all parties, as sellers find they no longer need to live in a constant state of 'showroom ready' conditions, and buyers can cut down on the amount of back and forth travelling across different areas to find the villa that matches their criteria.
 
To learn more about how we've adapted our processes to accommodate safer viewings and appointments, contact us today.


*Spec.



What can La Manga Club and the Murcia region offer?

 
Glorious sunshine, blue skies all year round is what La Manga Club offers any
couple, or family looking to relocate for remote work and improve work/life
balance. Annual average sunshine of 2797 hours, 94 clear skies days a year, an
average of 80% of sunshine a day in July and August and only falling to 60% in
November, December, and January with an average monthly sun hours in July
of 330 hours and just under 200 hours in the winter months.
  
Residents of La Manga Club have a plethora of beaches in which to enjoy – from
the nearby La Cala Beach at La Manga Club, to Playa de Calblanque nestled in
the secluded and unspoilt Parque Regional de Calblanque, the beaches of the
Mar Menor (the biggest saltwater lagoon in Europe) and the Mediterranean Sea
of the La Manga Strip, Cala Cortina in Cartagena, the beaches of Puerto de
Mazarron, the list is just endless....The area also boasts several marinas and a
huge array of water sports to keep both parents and children fully occupied –
scuba diving, snorkelling, jet ski, catamaran, kite surfing, powerboat,
windsurfing and sailing.
 
The Murcia region is also steeped in History and Culture with a number of
museums and places to visit dating back from its Roman times – Teatro Romano
in Cartagena, the Roman Theatre of Cartagena, the Archaeological Museum of
Murcia, the Museum of Fine Arts in Murcia, the Santa Clara Museum in Murcia,
and the Los Banos Archaeological Museum located in Alhama de Murcia.



A year on from the start of COVID-19

 
The introduction of lockdown legislation by governments around the world to
eliminate the spread of the COVID-19 virus has resulted in millions around the
globe remote working since the pandemic hit the world in March 2020.
 
Now, as COVID deaths and hospitalisations thankfully decline, as a result of the
isolation lockdown measures and the global rollout of a vaccine programme, and
as economies around the world recover, it is clear that remote working is here
to stay – employers see the benefits of reduced costs of smaller offices and for
its employees, the significant improvement in work/life balances of not having
to spend hours each day commuting to inner city offices and being able to work
more flexibly during the work day spending more time with partners and
children.
 
‘A year after the coronavirus sparked an extraordinary exodus of workers from
office buildings, what had seemed like a short-term inconvenience is now
clearly becoming a permanent and tectonic shift in how and where people
work. Employers and employees have both embraced the advantages of
remote work, including lower office costs and greater flexibility for employees,
especially those with families’. The New York Times, ‘Remote Work is Here to
Stay. Manhattan May Never Be the Same’.



House price index, Murcia Region

This index tracks the evolution of sales prices in Murcia Region since 2007...


Click here to read House price index, Murcia Region.



Spring Preparation Checklist for Your Home

 
You’re longing for the first warm breeze. 

As spring approaches, you may be ready for a deep clean. So, how can you prepare your home for the longer days and milder nights?  

Here’s a simple checklist to get you started. 

Extract your vases 

Fresh flowers are such a treat, and now is an excellent time to bring them back into your house.  

Give your vases a thorough clean and replace any that seem worn. 

Store away your winter footwear 

Clean your winter shoes, then pack the toes gently with newspaper to keep them in shape.  

Don't discard shoe boxes after purchase; they make wonderful storage containers.  

Stack your winter shoes and boots in the back or top of your closet and bring your summer shoes and boots forward. 

Clean doors and windows 

You will want to make the most of the spring light, so be sure to clean your windows to create an airier feel in your home. 

Cleaning your door frames is also a simple way to brighten up your home’s interior.  

Get your garden ready 

As we head further into spring, it might be time to bring out the garden furniture.  

Tidy away any plants which have caught the winter frost.  

Clear any remaining winter debris – including build-up in the gutters – and tackle any essential repairs before you get distracted by weeding and mowing the lawn.  

Keeping your home in tip-top condition is also a good idea if you intend to sell soon.  

Not only will it be ready for a professional photoshoot, but you’ll also make a great first impression on your viewers too.  

Are you ready for a fresh start? Just give us a call on today for expert advice about prepping your home for its market debut.  



El Rancho 88, La Manga club

We are delighted to offer as Sole Agents this delightful property in the popular community of El Rancho...

Click here to read El Rancho 88, La Manga club.



Three simple ways to speed up your sale

When it comes to selling a property, the small details can make all the difference. While it's easy to spend a lot of money staging your property for showings, you don't have to do so to make it look new.
 
You can make your home look more appealing to buyers and be on the right track to a faster sale by showcasing the features your property already has, and doing a few simple things to brighten up the overall appearance.
 
 
Make the most of natural light
 
One of the nicest features a home can have is natural light.
 
Make sure your window ledges are clear and your curtains are fully open when viewings are scheduled. If you have the time, clean your windows as well.
 
These changes may seem small, but they can make a big difference.
 
 
Vacuum rugs and upholstery
 
Give your rugs, upholstery, and sofa cushions a good cleaning if you want your home to look brighter.
 
These items can become dirty over time, even if you do not notice it. You can make your room look brand new with a fast clean of the necessities. Plus, when buyers walk in, your place will smell amazing!
 
 
Repaint walls
 
One of the first things potential buyers will notice is the walls. The rooms in your home can easily appear larger and cleaner by using a bright, neutral colour.
 
If you are limited on time, use a magic eraser to wipe the walls clean. Dirt and imperfections can be completely removed with a few quick scrubs!
 
 
Thinking of selling your home? Contact our team today.
 



How much value could these home improvements add?

When it comes to selling a home, it can be tempting for vendors to go ‘all out' to make their house stand out. But not every home improvement will add value. 

  

New research from a popular property portal has revealed the top three home improvements which could add significantly more value to an asking price, than the cost incurred to do the work.*  

  

Garden offices take the top spot 

Not surprisingly, the surge in post-pandemic remote workers has placed a garden office in the top spot when it comes to adding value. 

  

Research shows the average garden office costs almost £9,000 to install and will typically add 8.4% to the value of a home. Based on an average UK house price, a garden office could potentially add nearly £23,000 to the asking price, leaving a healthy profit just shy of £14,000. 

  

Good news for garage conversions 

A garage conversion follows in second place when looking at the most profitable improvements.  

  

A standard garage conversion would set you back approximately £14,500. The research suggests that with the potential to add just over £27,000 to the asking price of an average home, converting your garage could provide an easy £12,500 profit when you sell. 

  

A new kitchen is the third most profitable project 

In recent years, our kitchens have transformed from a place to prepare a meal, to somewhere we host, socialise and come together as a family. Research has shown that updating a tired kitchen before you sell your home is the third most profitable thing you could do. On average, the cost of a new kitchen comes in at £8,500, with the potential to add nearly £15,000 to the value of a typical UK home.  

  

Contact our team today for more expert advice on increasing the value of your home.  

  

Ready to sell? Get in contact with us today. 

 

 

*Property Reporter 



Individual Villa 33, La Manga Club

Worthy of your immediate attention, we are privileged to offer this wonderful individual villa situated in the...

Click here to read Individual Villa 33, La Manga Club.



The secrets to finding your ideal home this spring

Purchasing a property is an exciting experience and is the single largest purchase most people will ever make. Finding the perfect home can be a difficult task, so before you begin, consider these four things:
 
Select your location
Only begin searching for a new home once you have determined a selection of locations you are interested in living in. It is important to consider council tax charges, proximity to amenities and schools, available property types, and available transport links.
 
Compile a must-have checklist
Create a list of all the features that are a must, followed by all the features that would be nice, but are not essential. When looking for a house, you can then ensure that everything on your 'must-have' list is ticked off and that everything on your 'nice-to-have' list is a bonus. When it comes to comparing homes, you can see which ones check the most boxes to help you make a final decision.
 
Consider your future needs
To prepare for the long term, consider choosing a property that will support your growth. Is there enough space? Is there a garden? Are there any improvements you could make, such as converting undeveloped space? These are the kinds of factors to examine.
 
Look at all costs
Of course, finding a property within your budget is important, but you should also factor in other expenses, including house improvements. If you find a property that you believe would be great with a few tweaks, consider the financial implications of those changes. While some may be minor, such as wallpaper or paint colour, others, such as replacing the flooring or reconfiguring the kitchen layout, could be rather costly.
 
For more assistance in locating your ideal house, you can get in touch with us here. We look forward to helping you find your dream home.