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Pygott & Crone Newsletter: How Has Stamp Duty Affected The Market?
It has been a few weeks since the stamp duty holiday announcement and there has certainly been an increase in property demand as many buyers are now able to save thousands on their next property purchase. Our first article provides our latest insights into the affect it has had on the market.
Multiple gold awards won at the annual negotiator awards
We are delighted to announce that a very successful year for us has been recognised at the annual Negotiator Awards, the property event of the year. We were shortlisted in four categories and are delighted to have achieved three gold awards. Click here to read Multiple gold awards won at the annual negotiator awards .
Aladdin
From now until Sunday 19 January
Performances at the Riverhead Theatre Click here to read Aladdin.
Toy Collectors Fair
Sunday 26 January
Family friendly jam packed Toy collectors fair at the Epic Centre Click here to read Toy Collectors Fair.
Dog Friendly Day
Saturday 8 February
Unlock 1,000 years of history with your furry companion at Lincoln Castle Click here to read Dog Friendly Day.
Preparing your property for sale
With demand for property prior to lockdown soaring, there are sure to be plenty of motivated buyers waiting now that the property market restrictions are relaxed, therefore now is an ideal time to prepare your property for a quick sale.
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. In the summer this is especially important as buyers will often drive or walk past a property before they decide to book a viewing. 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 at all 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.
Viewing times During the summer months many people like to start work early and leave early in order to benefit from the longer evenings; make sure that you can accommodate as many viewings as possible by being flexible with your viewing times. Allowing people to view your home early in the morning, as well as in the afternoon will help bring more people through the door as well as showing off your property in favourable lighting.
How to make your own face mask
As the country enters the next stage of its strategy to ease the lockdown restrictions whilst preventing the spread of Coronavirus, the Government has issued new advice to the public on how to stay safe whilst in public spaces (such as shops and public transport). The Government has asked people to wear face masks to cover their nose and mouth where social distancing is not possible. This advice has been detailed in the Government Covid-19 recovery strategy, detailing its plans for lifting the UK out of lockdown; which can be viewed here.
To prevent any additional pressure to the NHS in obtaining crucial PPE supplies, the Government has issued instructions on how to make your own face mask at home, by simply using elastic bands and some cotton fabric or even just an old T-shirt. Your face mask should be worn so that you can breathe comfortably whilst covering your nose and mouth. You should sanitise or wash your hands before putting it on and taking it off, and you should wash your face mask regularly.
We share how to make your own face mask at home below*:
Making a face mask using an old T Shirt
You will need • One old T-shirt that you no longer want • Scissors
Method Step 1: Cut a straight line across the width of the T-shirt (front and back) approximately 20cm from the bottom of the T-shirt.
Step 2: From a point 2cm below the top right-hand corner of the fabric, make a 15cm horizontal cut through both sides of the fabric that is parallel to the top of the rectangle.
Step 3: Cut down towards the bottom of the fabric until you reach approximately 2cm above the bottom edge. From here, make another 15cm cut that runs parallel to the bottom of the fabric to make a rectangle that can be discarded.
Step 4: To make the ties, cut open the edge of the 2 long strips of fabric. Unfold the main piece of fabric and place over the mouth and the nose. The 4 strips act as ties to hold the cloth face covering in place and should be tied behind the head and around the neck.
Making a face mask using a piece of cotton fabric
You will need • two 25cm x 25cm squares of cotton fabric • two 20cm pieces of elastic (or string or cloth strips) • needle and thread • scissors
Method Step 1: Cut out two 25cm x 25cm squares of cotton fabric. Stack the 2 squares on top of each other.
Step 2: Fold over one side by 0.75cm and hem, then repeat on the opposite side. Make 2 channels by folding the double layer of fabric over 1.5cm along each side and stitching this down.
Step 3: Run a 20cm length of elastic (or string or cloth strip) through the wider hem on each side of the face covering. These will be the ear loops. Use a large needle to thread it through. Tie the ends tightly.
If you only have string, you can make the ties longer and tie the covering behind your head.
Step 4: Gently pull on the elastic so that the knots are tucked inside the hem. Gather the sides of the covering on the elastic and adjust so the covering fits your face. Then securely stitch the elastic in place to keep it from slipping. These elastic loops fit over the ears.*Our step by step guides have been taken from the Gov.uk website here
How to make your own face mask
As the country enters the next stage of its strategy to ease the lockdown restrictions whilst preventing the spread of Coronavirus, the Government has issued new advice to the public on how to stay safe whilst in public spaces (such as shops and pubic transport). The Government has asked people to wear face masks to cover their nose and mouth where social distancing is not possible. This advice has been detailed in the Government Covid-19 recovery strategy, detailing its plans for lifting the UK out of lockdown; which can be viewed here.
To prevent any additional pressure to the NHS in obtaining crucial PPE supplies, the Government has issued instructions on how to make your own face mask at home, by simply using elastic bands and some cotton fabric or even just an old T-shirt. Your face mask should be worn so that you can breathe comfortably whilst covering your nose and mouth. You should sanitise or wash your hands before putting it on and taking it off, and you should wash your face mask regularly.
We share how to make your own face mask at home below:
Making a face mask using an old T-shirt
You will need
- One old T-shirt that you no longer want
- Scissors
Method Step 1: Cut a straight line across the width of the T-shirt (front and back) approximately 20cm from the bottom of the T-shirt.
Step 2: From a point 2cm below the top right-hand corner of the fabric, make a 15cm horizontal cut through both sides of the fabric that is parallel to the top of the rectangle.
Step 3: Cut down towards the bottom of the fabric until you reach approximately 2cm above the bottom edge. From here, make another 15cm cut that runs parallel to the bottom of the fabric to make a rectangle that can be discarded.
Step 4: To make the ties, cut open the edge of the 2 long strips of fabric. Unfold the main piece of fabric and place over the mouth and the nose. The 4 strips act as ties to hold the cloth face covering in place and should be tied behind the head and around the neck.
Making a face mask using a piece of cotton fabric
You will need • two 25cm x 25cm squares of cotton fabric• two 20cm pieces of elastic (or string or cloth strips)• needle and thread• scissors
Method Step 1: Cut out two 25cm x 25cm squares of cotton fabric. Stack the 2 squares on top of each other.
Step 2: Fold over one side by 0.75cm and hem, then repeat on the opposite side. Make 2 channels by folding the double layer of fabric over 1.5cm along each side and stitching this down.
Step 3: Run a 20cm length of elastic (or string or cloth strip) through the wider hem on each side of the face covering. These will be the ear loops. Use a large needle to thread it through. Tie the ends tightly.
If you only have string, you can make the ties longer and tie the covering behind your head.
Step 4: Gently pull on the elastic so that the knots are tucked inside the hem. Gather the sides of the covering on the elastic and adjust so the covering fits your face. Then securely stitch the elastic in place to keep it from slipping. These elastic loops fit over the ears.*Our step by step guides have been taken from the Gov.uk website here
Stamp Duty Announcement Causes Surge In Property Searches
One of the key announcements in the Chancellor’s summer statement was a holiday on stamp duty from 8th July 2020 to 31st March 2021, with first-time buyers and existing homeowners paying no stamp duty on purchases up to £500,000 during this period.
With potential savings of up to £15,000 available, it should come as no surprise that this change created an immediate surge in activity, with potential buyers seeking to make the most of the savings on offer.
Traffic to Rightmove jumped by 22% during the first 30 minutes of the announcement being made, demonstrating the efficacy of the announcement in providing a boost to the property market. With recent volumes of sales agreed increasing to levels seen in early March, the momentum which has been built following the easing of lockdown restrictions on the market should continue thanks to this impetus.
Savings by region can be seen in the table below;
Region
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Avg asking price June 20
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Stamp duty saving
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North East
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£157,291
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£646
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Yorkshire and The Humber
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£202,502
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£1,550
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North West
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£206,909
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£1,638
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East Midlands
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£236,110
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£2,222
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West Midlands
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£238,123
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£2,262
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South West
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£321,996
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£6,100
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East of England
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£363,066
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£8,153
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South East
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£419,595
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£10,980
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London
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£628,284
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£15,000
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How To Keep Your BBQ Clean All Summer Long
With the sun finally making an appearance, BBQs will be the order of the day for plenty of us, especially after the lockdown period where a lot of time was spent indoors. However, if your BBQ hasn’t been used since last summer or you forgot to clean it after filling up on delightful treats the last time that you used it then giving it a good clean will be required. Here are a few tips to make the task as simple and effective as possible.
Keep It Hot The best time to clean your BBQ is when it is hot, as the heat itself will help to burn away a lot of stubborn food remnants. It goes without saying that you must be as careful as possible when cleaning your hot BBQ, but ensure that you are wearing gloves as a minimum precaution. With the BBQ hot, you can scrape away any grime that is present and once completed and the coals are cooled slightly, you can soak old newspaper in water and cover the grill with this – effectively steaming the BBQ clean.
Elbow Grease There’s no substitute for elbow grease! Giving the BBQ a scrub using hard bristled brushed and scourers will help to get everything clean once more. Once you have given everything a thorough scrub, use dishwater and a cloth to remove any residue left over.
Polishing The Exterior Now that you have cleaned the grill and the interior is looking as good as new, it is time to tackle the exterior. Use warm, soapy water to clean the exterior of your BBQ and once dry you can buff with a dry cloth in order to achieve a better finish. To protect your BBQ from the elements, a top tip is to lightly coat it with mineral or baby oil as this will help to shield it from mother nature.
Keeping It Clean The next time you use your BBQ, to make the cleaning process easier, then coat your grill with sunflower oil as it will prevent food from sticking and the grill from going rust.
Most Important Factors When Buying A Home
For many of us, when we decide to move to a new home there will be many factors to consider, which can range from new work commitments, to growing family needs or simply the need for better quality of life. A new survey from Broadband Choices has discovered the five key reasons as to why people select a location for their new home, which could form a useful list for current house-hunters.
Safety First
Whether you’re staying put or moving home, crime will always remain a key concern for the majority of us and with 84% of respondents to the Broadband Choices poll listing crime as a crucial factor this still rings true. Knowing that your home and possessions are in an area with low crime rates is obviously very attractive, with low crime rates correlating to strong house prices and the converse also true.
Commuting Commotion
Getting to and from work, as well as freely being able to see friends and family, is of course extremely important when deciding where we would like to live. Amongst correspondents, nearly three-quarters mentioned transport links as one of their decision points for a location to live within. Living within close proximity to a tube station, for example, can add £42,000 to the price of a home, according to research from Nationwide.
A Quality Connection
Unsurprisingly in these modern times, a strong internet connection which will allow broadband and television streaming services such as Netflix and Amazon Prime stands at third in the list of buyer priorities when searching for a new home. With 69% of people mentioning a strong internet connection in the poll, many of whom stating that they would pay over-the-odds for a property with guaranteed superfast broadband connection, it would seem that for home-sellers updating your broadband could actually help in the process of finding a buyer.
Top Of The Class
For those with families, schools are an extremely important consideration; with catchment areas and the competition around catchments for the best schools being an important factor for both families, and those planning on families in the long term. Just over half of correspondents listed schools as a deliberation in their home buying decision, with recent studies showing that homes in catchments for schools with Ofsted ratings of 1 can cost almost £40,000 more than those with Ofsted rating 2.
Shop Local
As well as transport links ranking highly in the list of priorities for buyers, local shops and amenities also place highly with just over a third of people stating that living close to shops and amenities is a significant factor in their property search.
Five Ways To Refresh Your Outdoor Space
Outdoor space has rarely been so prized as it is now, with searches for properties with gardens and patios now much higher than prior to the lockdown period. We have put together five simple and inexpensive ways that you can perk up your outdoor space, no matter how much (or indeed how little) you may have available.
- Create Specific Areas
An effective way to transform your outdoor space is to create specific areas within your available area. Creating a seating area with screens, a bedding area with planters and adding hanging baskets further down your garden will create real depth as well as encouraging the use of these spaces. If you have less space available, think about using furniture which can be also be used as storage as well as items which can be folded away or stacked.
- Lighting
Investing in lighting for your outdoor area will not only make it more attractive when the evenings set in, it will also encourage you to embrace the outdoors even when it is a little darker. Solar lighting is an affordable, effective and fuss-free way to add some ambience to your garden, patio, balcony or outdoor space – solar nets are particularly effective as the lights can be weaved through a trellis or on a fence.
- Pots and Planters
If your outdoor space is a small patio or balcony area then using pots and planters is a great way to add some fresh flowers and foliage, making your space much more inviting. If your property is rented, then pots and planters are also really useful as you can take them with you when you move to a new property and you do not need to dig up a garden which could cause potential disputes. If you have more space available, add some hanging baskets to create different levels of interest across your garden.
- Accessories
Although investing in soft furnishings and accessories can be a more pricey way to refresh your outdoor space, because the items are intended for outdoor use they tend to last longer and so can be a worthwhile investment. Bright pops of colour can be added to any size of space with cushions, beanbags, throws and adding candles to table areas will take your outdoor space to the next level.
- Planting
Very few things will bring the outdoors to life as much as fresh plants and flowers – over the span of summer they also work out to being fairly inexpensive. Lavender is a particularly good option due to its hard-wearing nature and the gentle scent that is emitted. You can also purchase bedding packs of plants from most supermarkets and DIY stores, making them easy to find and inexpensive.
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