…. and the benefits to the sellers

Lesa Brown, Director at David Phillip Estate Agents said “our absolute belief is that people sell houses but this is enabled by the best technology and modern sales techniques , so working with Charlie Lancaster at myBid4it provides our clients with the opportunity to sell through a modern auction.

We have a very clearly defined brand, and mybid4it can only enhance this with its first class Customer Experience, and product offering – we are pleased to be the first Estate Agent in Leeds to be able to work with this forward thinking company”

So.. if you would like more information around this new way of selling your home via a modern auction then please give us a call and we can talk you through the whole process t: 01134 676 400 w:davidphillip.co.uk

According to the Federation of Master Builders (FMB) and the Home Owners Alliance (HOA), you can enhance the value of your property by almost £50,000 simply by removing an internal wall to create an open plan kitchen and dining area.

 

Chief executive of the FMB, Brian Berry, said the work would cost less than £3,500, take seven days to carry out, and would add £48,417 to an averagely priced home in London.

 

"By investing in low-cost, high-return projects, not only will you make your home a more pleasant place to live, you’ll also be increasing its value significantly. Better still, these projects take no time at all so the hassle factor will be kept to an absolute minimum," he said. 

 

But what if this isn't an option? What other projects could you invest in to significantly add value in a short amount of time? Here are some options:

 

  1. Build a garden room or outside playroom. Typical costs for this project will be in the region of £6,500, but will add an average (in Surrey) of over £35,000. A massive £28.5k profit.
  2. Update your kitchen. With careful planning this could cost in the region of £4,000, but could add almost £27,000 to the value of your property.
  3. Turn a cupboard into a downstairs toilet. With an initial outlay of just over £2,500 it could add up to £24,000 to the value of your property
  4. Add an en-suite bathroom.  Converting part of a bedroom into a a bathroom can cost as little as £4,700, but add in excess of £14,500 to the value of your home.
  5. Add a driveway. If you have the space, buyers will pay more for a property with added parking space. For an investment of £2,200 you could add £13,300 to the value of your property.
  6. Install decking. For just under £4,000 you could add decking and lighting generating additional value of up to £9,000.

 

Potential returns will vary by property and location. Contact us if you'd like specific advise, before you invest the money.

Did you know that when you rent out all or part of your home a Capital Gains Tax (CGT) charge may apply when you sell the property? Currently, HMRC exclude the last 18 months of your ownership – even if the property is let for this time – when assessing any CGT liability. However, in a draft of the Finance Bill released earlier this year, HMRC have confirmed that this 18-month period will be reduced to 9 months from April 2020. Disabled property owners, or those in a care home, will continue to be exempt for 36 months.

The Finance Bill also outlines a change to the letting relief rules…

Letting relief is an extra deduction you can make from any CGT payable when letting your home. Under the rules, you can claim the lowest of the following three amounts:

  1. The same amount that you can claim as private residence relief. 
  2. £40,000. 
  3. The same amount as the chargeable gain you made from letting your home. 

From April 2020, you will only be able to claim this letting relief if you are in shared occupancy with the tenant.

Property owners that are considering the sale of their home – which is or has been let for any period - may be advised to complete their sale before April 2020. In this way they will benefit from the 18 month exemption and the more flexible lettings relief.

So – one year on I have learnt some key things, but more importantly, we have put into practise things that  provide our customers with the very best experience and true value for money too – take a look at our 5 star reviews

Although we have some of the best technology and modern sales techniques, ultimately it is people who sell houses.

If you are looking to sell your home then ring for a market appraisal on 01134 676 400 or take a look at our website davidphillip.co.uk  

When we started David Phillip Estate agents at the end of 2018, I was determined to create a business model that provided the best Customer Experience. At the end of the day, people sell houses and customers like to have face to face contact, having no high street presence whatsoever is all about saving on overheads, which is fine, as long as the Customer Experience isn’t compromised.

We have a small office on Leeds Road in Bramhope, our properties are displayed in the window, and there is someone here to talk to, however business is no longer 9am to 5pm, and it is important to have the best supporting technology (which we have in Property file plus and the impressive telephony) to enable customers to contact you 24/7, whenever is the best time for them.

Almost all property searches now start online, and we have invested in all the key portals of Rightmove, Zoopla and On the market (we don’t pay expensive business rates, so we invest money in the areas that benefit our customers), we also have an intuitive website and use area videos and 3D virtual tours, this is a much better investment.

So, although the Estate agency business model needs to adapt, not having a huge high street presence does not need to impact the Customer Experience and the results achieved.  

In fact we couldn’t be more pleased with what our customers are saying about us – take a look at the All Agents website to read our 5 star reviews and if you are looking to sell your home call us on 01134 676 400 or call in to see us at 86, Leeds Road, Bramhope. 

If you're thinking about buying a new home, you'll need to budget for more than just the deposit. It's a stressful time, saving! You work hard to put away savings each month and feel like celebrating when you have saved enough for that all important deposit. But don't get carried away too early, as there are other costs that you need to take into account!

 

When you're working out your 'buying a house' budget, you also need to take account of the cost of buying, your mortgage fees and moving costs - on top of your deposit. It all adds up and can easily plunge you into debt if an unexpected bill hasn't been taken into account.

 

Here's what you need to know about and budget for:

 

  1. Mortgage fees. On top of your deposit you need to take account of the charges that your mortgage provider will require as part of the application process. These can vary from a few hundred pounds to several thousand pounds. Shop around to get the best possible deal. Also bear in mind that an electronic transfer fee is often applicable when the mortgage is paid out. This is often in the region of £50.
  2. Surveyors fees. You may view this as a necessary evil in order to comply with your mortgage, but having a professional survey could save you thousands in the longer run. A basic survey could be as little as £250 to £300, but really amounts to little more than a valuation. Paying extra for a homebuyers report, or even a full structural survey, could identify issues that enables you to renegotiate the price or save you money and headaches in the longer term.
  3. Legal fees. You will need a solicitor to carry out the legal searches on your property; to identify if a new motorway is likely to be built alongside your new property, for example. Fees for these are typically less than £250. Whilst the paperwork for the purchase of your property could cost £1000 to £1500.
  4. Stamp duty. Depending upon the purchase price of your property you will need to pay stamp duty to the Government. If you are a first time buyer you won't pay stamp duty on the first £300,000. Whilst you are only exempt from paying stamp duty on the first £125,000 if you are not a first time buyer.
     

    Rate

    Charge Band

    0%

    Up to £125,000

    First-time buyers: first £300,000 for property up to £500,000

    2%

    Over £125,000 to £250,000

    5%

    Over £250,000 to £925,000

    10%

    Over £925,000 to £1,500,000

    12%

    Over £1,500,000

  5. Estate Agent fees. You only pay estate agent fees of you are selling a property. So if you are a first time buyer, you shouldn't need to budget for Estate Agent fees. If you are selling, the fees are typically one to three per cent of the final sales price. With VAT usually chargeable on top of that.
  6. Moving costs. Unless you are prepared to rent a van and move yourself, you will need to budget for a professional removal company to move your possessions. Fees are typically £400 to £600.
  7. Decorations and refurbishment costs. It's worth being clear exactly what is included within the sale. If you need to buy carpets, curtains, curtain rails and more, these can quickly eat into your budget. Even a fresh lick of paint can add up. And that's before any more extensive refurbishments that may be required. Where possible get quotes up front, so you know what costs will be applicable after you've purchased the property.
  8. Rates. And finally, make sure you know what rates are payable (to your Local Authority) for the property that you are purchasing. As this can often be another overlooked cost.

Structure your day like you would  a working one (pretend you are actually going to work), working from home means you are your own personal manager, but try to segment what you do over the course of the day, and don’t feel guilty if you take a break!

Take advantage of morning hours to plough through meaty projects without any distractions, and leave calls and virtual meetings for the afternoon, having uninterrupted time can help with higher productivity, and modern technology means you can still attend meetings albeit in a virtual way .

Find out what music motivates you for different tracks, this can help if you have been used to having  noise from an office in the background.

If you work from home, but have other members of the family around then maybe they need reminding that just because you are working from home doesn’t mean you are ‘home’, as it is easy to get distracted by things going on around you.

Put a definitive ‘finishing time’ in each day – you would if you had a train to catch, and try not to let your work life bleed into your home life – a boundary for both areas is important  

Choose a dedicated work space, this provides you with a place where you specifically ‘ work’, it might be a local coffee shop, table or chair, but you may want to create a room within your home that provides a place to work

However if you are looking for a property that already has a ready-made office then look no further than the Old Barn at Moor Park in Beckwithshaw, Harrogate, the office there is amazing – as is the rest of this lovely home, set in the beautiful location of the prestigious Moor Park.

For further details or to arrange an early viewing on this amazing property  t: 01134 676 400 w:davidphillip.co.uk.

The war time public were encouraged to see what we call re-cycling, but at that time was called salvage as a contribution towards victory. Official publicity campaigns attempted to explain how recycled materials were used to save shipping and to make planes, guns, tanks and ammunition, and the research that has taken place suggests that this message had at least some impact on the rapid growth of recycling during the first years of war.

The Exhibition is inspired by research carried out by historian Henry Irving and was produced by a group of BA Graphic students at Leeds Beckett University it  hi-lights how similar techniques can be inspired to change how we work In the present.

The exhibition runs until September, with free entry.

If you really want to help bees, then maybe you could add a touch of the wild to your garden – it is best to sow in Spring, but you can also sow in Autumn, especially if you have light sandy soils that aren’t prone to waterlogging.

Perennial wildflowers adapt easily to a hard life, liking impoverished soil that isn’t too rich. It is best to grow a wildflower meadow in an area that you wouldn’t normally cultivate or one that has been left for a while.

A wild meadow can be made up of the following – plantains, docks buttercups, vetches and clovers as well as dandelions and nettles

You can buy ready-made wildflowers meadow mixes for different soil  types and situations, and also also buy seed mixes – if you make this up yourself, you will need 1g per square metre of pure wildflower seeds and 5g per square metre of grass and wildflower meadow seeds.

Give your spare space a good weeding before sowing as these will compete for space, light and food, dig over the soil, scatter the seeds and ensure the soil remains moist and warm whilst the flowers are germinating.

You can also deadhead  as plants fade to bloom and in late Autumn wildflowers can be mown to about 6 inches above the ground.

Perennial wildflowers will not bloom until a full season after they are planted, but they can last for decades.

After walking around the beautiful  RHS Harlow Carr Gardens, I am now determined to do something to help the bee population – so am now going to the garden centre to buy my ready-made wildflower seed.

At David Phillip Estate agents we are listing some properties with lovely gardens, check out Daleside at Creskeld Gardens in Bramhope which has beautiful views too.

For a free market appraisal ring David Phillip Estate Agents, Bramhope, Leeds  t: 01134 676 400 w: davidphillip.co.uk e: info@davidphillip.co.uk

 

 

 

 

Stable House, which was originally one of the stable blocks to Moor Park Hall back when this magnificent Elizabethan-style main mansion house was built for James Bray in 1859, the iron and brass founder who had obtained contracts to build the Leeds and Thirsk and Wharfedale Railways including the famous Bramhope tunnel, a Grade II replica of which lies in the graveyard at Otley’s Parish Church! Priced at £450,000, Stable House is itself a stunning three-bedroom character home enjoying a cobbled courtyard approach with a fountain and is open to view this Saturday the 8th of June between 3pm and 4pm. So those interested in viewing, by appointment, contact either David Phillip Estate Agents – 01134 676 400 or Hopkinsons Estate Agents – 01423 501201 – Directions recommended.

In association with
If you are considering selling your home, choosing the right Estate Agent is key.
David Phillip Estate Agents are accomplished, local and Independent, with an award winning, track record for selling homes in North Leeds and Wharfedale.

Office address

86 Leeds Road,
Bramhope, 
Leeds, LS16 9AN

T: 01134 676 400
T: 01943 661 106 (Otley enquiries)
E: info@davidphillip.co.uk
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