The very latest from Burnett's

The very latest from Burnett's


We do hope you are all staying safe and well?

Whilst the market has been effectively paused, when this lock-down is beyond us, the good news is that the pent up demand in the market will be released. We can therefore use the next few weeks to fully prepare for the late Spring/Summer market, with better weather, buds bursting and flowers blooming!

We are working from home, and happy to answer any questions or queries, as well as provide advice accordingly.

In the short term, though, remember to #stayhome. At present, your home is your castle, and as such, invaluable!

Please also remember to give our NHS Heroes a round of applause at 8pm every Thursday night.



Supply and demand outstrips Brexit concern

With the Brexit date being pushed back once more, it would appear that supply and demand for property is now the driving factor in the market, with Brexit taking the back seat in terms of market-driving factors.

In a recent survey from property investment company SevenCapital, nearly 69.5% of investors continued to invest in the United Kingdom despite the spectre of Brexit. Indeed, this confidence in the United Kingdom property market is echoed by international investors, with nearly 95% of the Hong Kong respondents believing that Brexit isn’t a critical factor in their investment decision.

SevenCapital points out that the Sterling has risen in value – a better indicator of fiscal stability – and this outweighs any potential impact that Brexit may have levied upon the market. With the average price of properties increasing last month by over 1% or £3,347, according to Rightmove, then house prices are also reflecting this upturn in the market.

In terms of the rental market, rental yields have also grown in recent months with the best performing areas in Birmingham and Manchester seeing yields driven up as much as 10%. With new changes in the rental sector such as the Tenant Fee Ban and Section 21 changes, tenants and potential tenants should be feeling more empowered in terms of their rights which should encourage more renters into the market.

Despite the headlines that Brexit has provided of late, it is evident that other factors are driving the property market, both sales and lettings. A key point to note is the lack of housing supply and increased demand of late with this duality keeping the market buoyant, despite any political uncertainties. With first-time buyers now at record levels and keen to buy, there is a whole new swathe of potential buyers entering the market which is creating an extremely competitive sales environment.



One in six parents remortgaging for their children

With interest rates remaining incredibly low and competition amongst lenders producing some of the most favourable finance options ever seen, many are remortgaging in order to benefit from cost savings. Rather than simply easing the financial burden, however, recent research has shown that many parents are remortgaging in order to gift the extra money to their children.
 
Price comparison website MoneySuperMarket has found that one in six parents who remortgage their home then gift some of that extra cash to their children, with the average financial contribution standing at £9,050 per child and nearly 10% of parents giving over £20,000.

More than a third of the children who receive the financial gift utilise it as a deposit for a property, whilst others use it to go travelling (11%), buy a new car (11%) or pay for ‘everyday essentials’ (9%).
Rachel Wait, consumer affairs spokesperson at MoneySuperMarket, commented: “Our research found that 15% of parents released equity when they remortgaged to help their children. However, you’ll only be able to do this if your property has gone up in value and you’ll need to be sure you can afford to keep up with your new repayments.

“It’s also important to factor in the costs associated with remortgaging, such as arrangement fees which can be as much as £2,000, as well as legal, admin and valuation fees. Try to be realistic – only release equity to help your children with life events if you can really afford to do so.

“Also keep in mind that because a mortgage takes so long to pay back, remortgaging may not be the right option for everyone – there may be cheaper ways of getting a cash sum. It’s important to look at all options and shop around before making a decision.”



How to add value to a property

When we decorate our properties, it is often driven by personal preferences in order to make a space fit into our own idea of what is stylish. However, if you are not just looking to decorate a space but to maximise the potential value of your property, then read our guide which explores the best ways to add worth to a home.

Solve existing issues
If you’re thinking of adding value to your property then don’t jump straight to improving the aesthetic of particular rooms in order to gain the much-lauded “wow factor”; instead make sure that your property is structurally sound. It may have less cosmetic impact, but a house with a leaking roof, subsidence or damp will be severely hindered in achieving a strong asking price due to the perceived costs and effort in fixing the issues. Take the time to assess your property and ensure there are no major defects, and this will give a solid foundation for your property to achieve the best price on the market as buyers will not be scared away by problems, nor will they be able to barter the price down.

Central issue
Take a look at the central heating system in your house - does it look modern and fit-for-purpose or is it on its last legs? If your central heating isn’t quite up to scratch, then replacing this is a sure-fire way to add value to your property as it is another issue which has the potential to put-off potential buyers. Although the initial outlay for the central heating refit may seem high, you should more than recover these costs when selling the property as it is another key point which will assure buyers that your property is well-cared for.

Extra space
Adding additional living space will always attract potential buyers as this offers them versatility in the way in which they will use the property; however, before you convert that loft or garage then we would recommend doing a little research. A converted loft can add thousands to the asking price of your property, so it is certainly something to consider – before you undertake this do take a look at similar properties in your area and do some investigation as to what the top selling price has been lately. There will be a ceiling price to the properties in your area, and therefore before you add a room, make sure that there is the potential to recoup the cost in the asking price of the property.

Decoration
If you’re looking to add value to your property without any major outlay, then picking up the paintbrush could be the answer. Freshen up any paint that has seen better days around the house and do the same in the bathroom, checking on any sealants to ensure they are crisp and clean. Clean up a few simple defects and potential buyers will see your property in an entirely different light, willing to pay more for a home that they perceive to be in excellent condition. This should extend to the frontage of your home, so ensure lawns are mowed and outside areas look cared for.

Kitchens and bathrooms
That old saying that homes are sold due to their kitchens and bathrooms is true, to an extent. Having a modern kitchen and bathroom will add considerable value to your property, as well as generating much more interest from potential buyers. If you don’t want to invest in a brand-new kitchen and bathroom, then update your current spaces in order to make them more sellable. Kitchen cabinets can be painted to modernise them, and changing the door handles to something more sleek will also help to create the feeling of a newer space in the kitchen. In the bathroom, refresh the paint on the walls, keeping it as neutral as possible, and ensure that the space is bright and airy – add mirrors to make the space feel bigger, and use accessories to add colour into the space.



The best home design ideas for 2019

Whether you want to add value to your home in preparation for sale or you just want to make your property a more appealing place to live, redecorating and incorporating the latest trends is a worthwhile endeavour. Take a look through some of our picks of the best home design ideas emerging through 2019…

Embrace the industrial

One of the key trends throughout the year so far has been the embracing of industrial materials in the home environment. Typically, steel beams in the ceiling space would be covered, with their utility overshadowing their relative beauty. In line with new trends, these beams would be left exposed; their harsh texture a welcome juxtaposition to the surrounding soft surfaces in the home. Similarly, materials such as concrete are being embraced this year; simply polished to a high shine and then left exposed for a striking floor covering. Rather than exposing interior workings as a sign of minimalism or modernism, this newest trend is about adding new textures and colours into your home.

Bring the outdoors, indoors

In these modern days, we are constantly bombarded with new studies and surveys showing us the benefits of spending more time outdoors, and whilst these are of course to be heralded, it can be difficult to get the right amount of time alfresco. This desire for more outdoor space is being met head-on by designers who are incorporating more of the outdoors, indoors. The inclusion of bi-folding doors which concertina into themselves are being incorporated into modern homes in order to bridge this gap, and the additions of conservatories or orangeries are also ways to flood your home with light from the outdoors. A non-budget-busting method for incorporating more of the outdoors into your home’s design aesthetic would be to include more plants around your home and at different levels – on the floor, on tables or in very on-trend macramé hanging pots.

Let there be lights

Nobody starts out their interior design plans looking to create dark interiors with limited light; we all like natural light-sources to balance a room’s feel. Natural light and the inclusion thereof is a recurring theme no matter what year it is, but balancing the natural light with artificial light is high on the trend list for 2019. Hidden lighting and light-sources are a key inclination this year; with recessed lights, under stair lights and uplighters all proving very popular.

Au naturale

In years gone by, interior trends have revolved around overly designed rooms with “feature walls” and striking pieces, yet this year the natural finish is having something of a revival. The use of materials such as clay plaster offer a more interesting and textured finish, with no need to be covered once applied which creates an organic and natural feel to an interior.  

Storage woes

A major concern for interior design this year is that of storage and how to incorporate the most innovative storage space into the home. Kitchens are key in this trend – with the inclusion of central islands adding storage, high cupboards drawing the eye further up the walls to create the feel of taller ceilings and the resurgence of pantries to hide away ingredients. Around the home, under stair storage is a massive trend as this space is often wasted, and similarly storage underneath baths is increasingly being utilised.



Minimum qualifications and code of practice a step closer

Estate agents have found out how they will be policed as the final report from the Regulation of Property Agents (ROPA) working group is made public.

Click here to read Minimum qualifications and code of practice a step closer.



How to increase your kerb appeal

With us all spending more time at home, it is an opportunity to pay closer attention to our homes where we usually don't have the time to. Especially the front of our homes! If you were planning on getting your property on the market you can still prepare for this during this time. Making a good first impression is key when presenting your home; and the first thing potential buyers see is the front of your house. The homes that perform the best are the ones that can grab the attention from the off, and thankfully, maximising your kerb appeal doesn’t have to break the bank! So we've included some tips below:

1) Front and centre

The front door is always a good place to start, especially as it’s one of the first things that people see when it comes to your home. UPVC doors can be cleaned easily enough with the right product, and if you’ve a wooden door, why not consider a fresh lick of paint? You can also bring your garage or front gate into the equation for a bit of colourful synchronicity.

Giving your letterboxes and door handles a polish shows good attention to detail, but if they’re looking a little tired, don’t be afraid to replace them.

2) Plot your path to success

The path to your front door or outdoor paving stones can get dirty with ease, so applying some TLC, whether that’s with a pressure washer or a good ol’ bucket of warm water and a scrubbing implement will instantly help your outside space.

If you have paving stones, then keeping your weeds in check is also a shrewd move; pulling out the weed killer for large front porches, paths or driveways will make things look far neater.

3) Plant an impression

A simple touch, but an effective one. Adding some greenery around your front door suggests to the naked eye that you take care of your property and look after your home, so look into some potted plants to go outside your front door. Hanging baskets are another option if ground space is limited.

4) Window dressing

The windows on your front room are another area where little touches can make a big difference. Keep on top on cleaning your curtains and blinds for a tidy appearance, and also the inside of your windows. If your windows aren’t providing you with enough insulation, you could even look at replacing them altogether in the future.

5) Night Lights

Finally, take a look at the area around your front door at night and imagine how much more welcoming it could be with a bit of light. A solar-powered light is easy to install, charges itself during the day and won’t cost you extra in your bills! If you have an outdoor power supply this will help if you’re looking to install something akin to a classic-style lamp, but you needn’t go overboard.



Lockdown DIY jobs that you can complete

Whilst we’re spending more time at home than ever before, has there been a better opportunity to complete those DIY jobs that you just never quite got round to? Why not make the most of the extra time at home and tackle one of our easy lockdown DIY tasks…

1. Tackle the woodwork

Doors, skirting boards and any coving that you may have in your home are one of those jobs that we all shirk away from as they are time-consuming and a little tedious. However, they can also finish a room to a higher standard, and therefore why not set yourself the task of refreshing the woodwork around your home? If you don’t have materials such as gloss and primer, you can still order them online, otherwise a little elbow grease and soapy water will do the trick in reviving them for now.

2. Perfect the painting

Have some paint stored away for when you were going to refresh the living room? Get those tins of paint out and why not pick a room to give a new lease of life to? Do it as a family and have the kids tape up edges and areas which you want to keep free of the new paint colour, and then if you are brave enough set them loose with a paint brush to learn some valuable skills. On average, having a professional repaint a room will cost between £100 and £150, therefore you are also saving on potential unwanted expenditure.

3. Organise your home

Marie Kondo says “The best way to find out what we really need is to get rid of what we don’t” – why not embody this mantra and organise your home, you will be amazed by how much it also frees up your mind. Start small, and organise your wardrobes at first – simply bag up what you don’t wear anymore or no longer like and once the lockdown is lifted you can donate. Once your wardrobes are tidied, you may be inspired to keep on tidying!

4. Create a picture gallery

With the likes of online photo developers such as Snapfish, photographs and prints have never been cheaper to acquire, therefore why not sift through your mobile and pick some photographs that you would like to see every day. You can have them developed, and then choose a space in your home to inject some personality into, at the moment eclectic photo frames hung on stairwells are proving very popular as a design focus.

5. Get into the grout

Grouting isn’t usually on anybody’s list in terms of design touches, however very few things can make a space look as unkempt as discoloured or dirty grouting. Whilst you have a little spare time on your hands, why not give your grouting some TLC in your kitchen and bathrooms? A solution of warm water, salt and bleach will have the power to remove most stains, or if you need something stronger then you can purchase grout pens which restores grout to its original colour.

6. Upcycle

At the moment, having a personal project to work on can be good not just for our homes, but also for our mental health as we can take some immediate gratification from our efforts. Whether you choose something small like a chest of drawers which you paint and restore, or a larger project such as restoring your kitchen cupboards just remember to take your time and enjoy the process.



Apps To Help You With Anxiety and Stress

Anxiety is something that we can all experience at times, however in the midst of the coronavirus there will likely be more of us than ever who are suffering with anxiety. There are plenty of techniques to help you manage levels of anxiety, with one of the key innovations being the development of apps, we have found some of the best apps to help you cope with the current situation and beyond.

1) Stress & Anxiety Companion
Recommended by the NHS, this application helps you to handle stress and anxiety on the go through the use of breathing exercises, relaxing music and games designed to calm the mind.

2) Calmer You
Calmer You is a new app developed by Headspace’s former head of Research. The app brings together a range of tools from Cognitive Behavioural Therapy through to workouts, all with the aim to find a personalised approach that helps soothe your anxiety.

3) ReachOut Breathe
Focusing specifically on breathing techniques, this app guides you through your breathing telling you when to inhale and exhale in order to counter some of the effects of anxiety. You can customise the techniques which work best for you and the user interface can also measure your heart rate.

4) Self-Help For Anxiety Management (SAM)
This is an anxiety-soothing app with a difference; it encourages users to think about situations which cause them anxiety and how they react. Through identifying different types of anxiety and triggers, a toolkit is developed to help you cope better – one of the key features of this application is the multi-faceted approach which it takes in dealing with your symptoms.

5) Mindshift
Perfect for the current situation as this application can focus on general worry, social anxiety, perfectionism, panic, phobia or another kind of anxiety. For each specific concern, the application can create tailored coping plans which should aid you in finding an equilibrium.

6) MoodMission
If you are looking for a more light-hearted manner in which to find your perfect coping method, then sample MoodMission. This application uses games and app rewards designed to motivate you to improve your mental fortitude.

7) Sanvello
During the Coronavirus this usually paid-for app has been made free of charge due to the demand on downloads; tracking your exercise, meals, family time and other habits it can pinpoint your bouts of anxiety.



Restrictions abroad are being lifted; what can we learn?

As some of our closest neighbours across the pond in Europe begin to lift their most severe lockdown restrictions, there are now questions concerning our own lockdown and when it will end. As well as the question of when is the question of how; we look at other European countries to see what we can glean from them, as well as the sentiment of the British public.

Denmark, Germany, Switzerland and Austria are among the leading European countries who are taking steps to end their own lockdowns, with schooling at the top of each of their lists. As lockdowns begin to ease, it seems that reopening schools, albeit daycare and primary schools only in most cases, are amongst the first to return to normality. When our own restrictions are eased, expect early-years childcare to be amongst the first to return to normality.

As well as schooling, smaller retail units are also being reopened fairly promptly, with countries producing lists of “approved businesses” – including hairdressers, DIY shops and flower shops. Germany has opened retail units based on their size, with any business that has a floorspace less than 800 square metres allowed to trade as usual, as long as social distancing measures are still adhered to. Austria has taken a more stringent view on opening “non-essential” shops, allowing shops to open with a floorspace of less than 400 square metres, half of that of the German restriction.
 
In terms of our own restrictions, we may see a clear-cut policy of the Government allowing shops with a specific floorspace to reopen, as in Germany and Austria, or we could go down the route of specific retail units being allowed to open due to their economic significance.

Whilst these lockdowns abroad are slowly lifted, it is important to note that there are still strict measures in place. Lockdowns across Europe are not being simply lifted, instead there is a slow and steady opening of schooling facilities, shops by necessity or size and social distancing measures are still strictly enforced.

The wearing of face masks is also becoming a familiar sight across the continent as people return to their daily lives; in some countries such as Austria the wearing of masks is obligatory in order to quell a second peak of infections. There is some scientific consternation around the efficacy of wearing face masks, and the British Government has indicated concerns that making the wearing of face masks obligatory could have detrimental effects on the supply of PPE to the NHS, therefore this may not be something we see widespread across the UK.

Whilst the past month or so has seen life in the United Kingdom, and indeed across the world, change enormously due to the coronavirus there are encouraging signs from our European comrades that life will start to return to normal in the fairly near future. Expect a measured and hesitant approach to relaxing lockdown regulations as the Government seeks to hone an exit strategy that allows for the economy and health services to recover, whilst simultaneously avoiding another surge in cases – therefore early years schooling, potentially followed by secondary schools and specific retail outlets will most likely be the first to reopen. Interestingly, it seems that as a country we are amongst the most concerned with regards to the threat of coronavirus, with a March poll published in the Journal of Risk Research finding that the UK had the highest level of perceived risk out of all the countries surveyed – this could indicate that we would be amongst the most receptive to a slower and more measured easement of lockdown restrictions than our closest counterparts.