So, should you move somewhere larger, or extend your Hounslow property to make it large enough for you and your family? In some circumstances the choice has been made for you. If you live in an apartment with no garden, there isn’t much of an opportunity of making it larger. But if you have a house with a garden or an attic with sufficient headroom, extending your home becomes a real prospect.
So, when a landlord recently asked me why the brand-new property she was considering buying was a lot more expensive compared to a second-hand/existing property of similar type, accommodation, location and structure I thought this would make a fascinating topic to do some homework on … homework I want to share with the homeowners and landlords of Hounslow.
That got your attention … didn’t it!
But before we start, what is Generation X, let alone Generation Z, Millennials, Baby Boomers … these are phrases banded around about the different life stages (or subcomponents) of our society. But when terminologies like this are used as often and habitually as these phrases (i.e. Gen X this, Millennial that etc.), it appears particularly vital we have some practical idea of what these terms actually mean. The fact is that everyone uses these phrases, but often, like myself, they are not exactly sure where the lines are drawn …until now…
Yes, I said ‘rentirement’, not retirement … rentirement
and it relates to the 301 (and growing) Hounslow people, who don’t own their own Hounslow home but rent their home, privately from a buy to let landlord and who are currently in their 50’s and early to mid-60’s.
The truth is…..
As I am sure you are aware, one the best things about my job as an agent is helping Hounslow landlords with their strategic portfolio management.
Gone are the days of making money by buying any old Hounslow property to rent out or sell on. Nowadays, property investment is both an art and science. The art is your gut reaction to a property, but with the power of the internet and the way the Hounslow property market has gone in the last 11 years…..
As we go headlong into 2018, I believe UK interest rates will stay low, even with the additional […]
With the average 5-year fixed rate mortgage at 1.98% (down from 3.47% in 2014) and 2-year fixed rate at 1.47% (down from 2.37% in 2014), mortgage interest rates offered by lenders are at an all-time low (even with the slight increase on the Bank of England base rate a few months ago). Added to this, there has been a low unemployment rate of 6.1% in Hounslow, which has contributed to maintain a decent level demand for property in Hounslow in 2017 (interestingly – an impressive 420 Hounslow properties were sold in last 12 months), whilst finally, the number of properties for sale in the district has remained limited, thus providing support for Hounslow house prices, meaning …
I was recently reading a report by the Home website which suggested that hordes of landlords are […]