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Things to Think about When You’re Relocating for Work
Landing the perfect job is a dream for most, but what if that opportunity is in a different part of the country? Or abroad?
If this is the case, relocation may be the only solution.
Selling your home when you need to move out of Havering isn’t easy. You’ve got the start date of your new job to consider, selling your property quickly, the general hassle of moving, finding somewhere new in an unfamiliar area… the list seems endless.
So, in this two-minute read, we go through some important things to consider when selling due to relocating for work.
Just like the old Scouting motto, a big move takes preparation. For example, if you need to move before your original property has sold, you might need some extra cash in the short term as you’ll be paying two sets of bills. This also goes for costs such as removal companies and legal fees.
Also, if you’ve moved ahead of a sale, be prepared to come back and forth while everything is sorted out.
Time pressure is a pain. And if you’ve got your new job’s start date looming, you might be feeling stressed. So, the first thing to ask yourself is: can you afford to move into temporary accommodation while your property is on the market? If you’ve got a family, can you move ahead of them? It’s important to be as flexible as possible in this situation.
Selling a property takes time. Once you’ve got a buyer, there are legal issues to deal with, there might be a chain to consider, and it’s inevitable that something totally unexpected will come up to derail things.
There are things you can do to ensure your home is sale-ready:
- Keep the interior clutter-free and presentable
- Do minor repairs
- Keep it neutral
- Tidy up the outside areas
Speak to us about an achievable purchase price. If you need to move quickly, holding out for the highest price might hold you back. By setting a price you’re happy with – not necessarily the highest – you can get things moving faster.
Do you really need to sell?
Can you afford to rent out your existing property to generate an additional income?
Or is selling the only option?
Renting your property gives you a plan B if the new job doesn’t work out, but you will need to consider things such as managing the property and additional tax responsibilities.
If you need advice on selling your home due to relocation for work, contact us today.
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Calling all landlords! Have you checked your buy-to-let property’s Energy Performance Certificate (EPC) rating lately?
Unfortunately, there have been some legal changes that might mean you’ve got some work to do (and money to spend), so you need to keep reading.
An EPC details how energy efficient a property is, recommends how to improve efficiency, and gives a general idea of associated costs.
At the moment, a rental’s EPC must be a rating of E or above as per the Minimum Energy Efficiency Standards (MEES) and should be updated every ten years. However, the government looks set to increase this to a rating of C or above for all newly tenanted properties by 2025, and for all existing tenancies by 2028.
Sounds like a long time away, right? In actual fact, if your property is below a C, you may have some serious upgrades to do. So it’s worth getting on top of them now. Ignore it, and you’ll be facing a hefty fine.
In this quick read, we look at ways to upgrade your current EPC rating.
There’s no point in doing anything inside the property unless you’ve got good glazing in place. Double glazed windows reduce energy loss. While most new buildings have them as standard, if you own an older property, you may still have single glazed windows in place.
Although one of the most expensive energy efficiency measures, it’s a good investment if you’re newly refurbishing a property and plan to hold onto it for the long term. Wall and roof insulation have a significant impact on energy efficiency and help to reduce heating bills.
An inefficient boiler is the number one culprit when it comes to a low EPC rating, so it’s worth fitting a new one to meet the EPC requirements. Good boilers can cost anywhere between £1,000 and £4,000 but will last for many years and save energy and money over time.
This is by far the quickest and easiest way to boost your energy rating by a few points. Make sure all those old halogen bulbs have been binned and switch to eco-friendly LED ones instead.
- Smart meters are a great way to understand how much energy a property is using.
- Renewable energy sources such as solar panels sound complicated, but you can get government funding to help with costs.
At Accord Sales & Lettings, we will remind you about the upcoming EPC changes as the time draws closer. If you decide to sell your rental in advance of the deadline, please get in touch with us on 01708 981229.
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