September 18, 2009

Commercial properties in demand in Stoke town centre, Stoke-on-Trent

Filed under: Property Development — Richard @ 6:32 pm

Local commercial agent reports another lease has been signed on a commercial property in Stoke town centre. This area once blighted by vacant commercial property seems to have become one of the property hot spots of the Staffordshire area.

One professional property investment company that owns eight properties concentrated in this area commented “as the properties change hands and renovation and conversion projects are completed, there seems to be a really positive feel to the area again”. He explained that one property had “risen in value from an acquisition cost of £60,000 to be valued at £195,000 in less than 3years”, with further capital gains expected. They also commented that “the amount of available property stock has reduced dramatically”.

The area was once ear marked, for the now abandoned “Church Street Conservation Area”. The scheme which has now been abandoned enjoyed the backing of some members of the Victoria Society, local Conservation Officers and Councillors.

There has been increasing speculation from local residence about regeneration funding and re-development schemes for the site of the former Spode China Factory. These rumours have gathered strength after development of apartments on Corporation Street and the planning permission being granted for the development of more apartments directly behind the town centre, and some on the site of the former cinema.

The area first enjoyed uplift after the multi-million pound redevelopment of the A500, the removal of the subways, new pedestrian access, grand re-landscaping and planting programme.

September 17, 2009

Landlords pleased by increasingly positive news.

Filed under: UK landlords — Richard @ 8:42 pm

Lots of local landlords and property owners are increasingly pleased by the positive news coming from various sources.

A recent spate of good news from the stock market and the Royal Institute of charted Surveyors RICS coupled with slightly more relaxed lending criteria from some lenders have without a doubt had a very positive impact on UK house prices and the sentiments of landlords and those bitten by the Buy to let bug.

Some of the property owners who were reluctant landlords are now starting to consider selling their rental stock this could of course have a positive impact for rising rents.

No one can predict the future and some may feel that a more cautious approach is the best course of action, while other landlords are considering now as the best time to increase the size of their portfolios. We can only continue to monitor the key indicators to decide if it is a suckers rally or truly the start of the next period of sustained growth in UK property prices.

Royal Institution of Chartered Surveyor’s RICS Reveal 10% sales increase

Filed under: Misc — Richard @ 5:26 am

Royal Institution of Chartered Surveyor’s RICS
Reveal 10% sales increase
Reports from the surveyors indicate that the number of property sales per surveyor has increased by 10% between June and August.
The RICS survey published this week reveals sales have increased from 15.3 in June to a current level of 17. This is the highest level since May 2008.
There has also been an increase in the number of unsold housing stock on their books up from 60 to 63 on average. The good news continues RICS’ survey reveals that the ratio of average sales to the average stock of unsold property on the market increased again from 25 to 27 a good indicator that the market continues to improve.
The RICS report also showed Newly-agreed sales, measured on a net-balance basis, averaged 34, which shows a positive result for the sixth consecutive month, Newly-agreed sales are increasing in every region across England and Wales. The region to see the greatest increases is the West Midlands.

September 16, 2009

Local builders report increase in demand for their services

Filed under: Builders — Richard @ 9:10 pm

There has been a marked increase in the demand for building and electrical services in the midlands. I would imagine this is part of a wider national trend, as property prices increase and the numbers of transactions increases, the demand for home improvments will follow.
Many skilled people have left the industry and some firms have been forced to close because of a lack of confirmed contracts. This increase in demand and reduction in the numbers of skilled people will no doubt lead to many contractors chosing to increase their prices.
We plan to increase the number of fixed prices and package offers but not increase our prices, this will assit our customers and partners, knowing they can be safe in the knowleadge that we work to a fixed costs quotation system.

Get the upto date property news in Derby

Filed under: Property Development — Richard @ 7:05 am

Building Solutions (Midlands) Limited, now to provide latest property news and comments for Derby and the Midlands.

You can now look forward to regular news updates for local property and building news. Building Solutions (Midlands) Limited Blog is the place to keep up to date with the latest news stories and comments for property and building issues and events.

So book mark this page to keep upto date with the latest news and events.

Scargill Mann & Co

One of the leading agents in this area, next property auction dates:

Property auction to be held at

The Avensis Lounge, Pride Park, Derby on 28 October 2009 at 3:30:00 PM

September 15, 2009

Money saving tips

Filed under: Misc — Richard @ 9:08 pm

Money saving tips from Building Solutions (Midlands) Limited

Everybody wants a top quality job done in no time without any disruption and for FREE!
Unfortunately in the real world this is not possible, the best we can hope for is a top quality job done as quickly as possible without cutting corners with the minimum disruption and for the best possible price.

Where to save money?
1. The number one money saving tip might sound too simple, do you really need and want to do the job?

Before you undertake any building or maintenance job ask yourself do I really need to do this, is this what I really want to achieve. Is it worth spending thousands pounds on a new top of the range deluxe bathroom if you might be considering moving in two years?

2. So you have made your mind up the job needs doing and it needs doing right.

The first thing you need to do is plan the job out no matter how large or small. Ask yourself the right questions, “Do I have the knowhow to run this project?”
If it’s just a matter of booking an electrician you probably do, or do you?
Did you know that if you carry out some electrical works on your own property you are actually breaking the law? Lots of small landlords often fall foul of this recent change in regulations and there are of course the insurance issues to consider.

3. Now we have established that you may or may not need some professional advice, next question is how much?

Most reputable building companies can offer you the guidance required. What if a project requires a little more planning, well the average cost of a project manager is around 15%. I know what you are thinking 15% of say £10,000 that’s £1,500 why should I pay someone £1,500 for something I can do myself. Well a good project manager will already have good contacts with local trade’s people and suppliers that in its self could save the 15%. Also there experience tells them what to order and when, if you cannot get say a £25 plumbing fitting you should have ordered a week ago and the plumber charges you for two men for two days. The only thought on your mind should be “Why did I not pay for a good company to project manage this for me”.
4. So you have the right advice but you still want to do at least some of the work yourself
There is nothing wrong in that is there? No but be very careful that you choose the right areas to have a go. Electrics should only be undertaken by a part P qualified electrician it’s just not worth the safety risk, a wise man once said “You can’t see it, you can’t hear it, but it can kill you,” that reason enough not to get your handy and good meaning friend or relative to save you a few quid.

Plumbing, let’s face it we all know that plumbers are not cheap; neither is replacing a ceiling or redecorating a room if there has been a leak. We have been into people’s properties after a leak has happened up stairs when they have been at work. Within minutes thousands of pounds worth of damage can occur.
So apart from electrics and Plumbing, I can nip down the local D.I.Y and get stuck in!
Well does any of the work you are considering require local authority Building Regulation control? People are often a little apprehensive of contacting building control, they should not be, yes they might be a fee but you are paying for someone to make sure that you and your builders do a proper job. If you don’t does it really matter? Yes if you do say a loft conversion on your property and you do not get a completion certificate you may find it more difficult to sell your house. It can even knock value off the price so it really is a false economy. IF YOU ARE NOT SURE JUST GIVE THEM A CALL THEY ARE ALWAYS HAPPY TO OFFER ADVICE.

5. So you have sorted out that you probably need at least some qualified trade people, you have building control in hand. So it’s off to that cheap web site or discount store to get the bits.
Sourcing materials that can’t be that difficult?
Well if you have to pay your contractors an extra £300 to fit that cheap shower that did not come with the right pump and he had to “nip off”, and get the right part. You could of course wait two weeks for them to replace it while you are asking your work colleges “can I come round again tonight to use your shower”.
So there are a few places that you should at least consider taking a longer term view.
6. Great you’re off! You have seen some lovely tiles for the bathroom floor but they are some of the most expensive in the shop. Well that could be good value if you are only tiling a few square meters with them, compared to the overall cost of the bathroom, they could be the wow factor that make your friends and relatives green with envy.

7. Keep your design simple the more complex it becomes with the extra gadgets the more costly it becomes.

8. Pick out and plan for the long term, we have seen people buy lovely single mixer taps for their bathroom sinks. Really beautiful pieces of modern design, that one of their clumsy guests have broken because they were not sure which way to turn it on, or every morning they bang there head on it washing their face, not the best way to start the day!

9. Once you are sure you have planned the project out to the finest detail, stick to your design, last minute changes can be costly. They also can often cause problems with things like the position of light switches and other predetermined fixings. We often put additional timbers in stud work if we know that a shower screen or other item is to be fixed in that position. If you know that a certain part of a stud wall is having a bath or shower in that position we would recommend a water resistant plaster board or cement based boards. If then the position of these items is changed it all adds further expense. If a project is not fully planned out people often move radiator positions to where a double socket was going to be positioned and that means further expense to reposition it. So think your project out thoroughly and stick to it.

10. So you have started, and you have decided to have a go at the tiling. That’s not a bad choice if you are handy but you must be a very patient person, if you are, there is no reason that you will not do a good job. With the money you have saved on the tiller, why not invest it in some good quality tools, that way you are set up for next time. If you don’t want to pay out for good tools and equipment, you have got to ask yourself, are you really going to do as good a job as a professional trade’s person who has all the right kit as well as all the experience. D.I.Y can be fun and very rewarding if done well. Are you being realistic about the all tasks you are undertaking ?If you are not entirely sure do a bit of research find out how long it would take a professional and add 50% more time after all we do this kind of thing every day. If you only have say eight hours every Saturday, is this really what you want to be doing for the next eight weeks?

We hope we have helped you to save a little time and money,
that is what we try to achieve for all our customers.

We up date our web-site regularly we will continue to offer more free advice so next time you are starting a project perhaps we can help.

UK property prices increase in 2010?

Filed under: Property Development — Richard @ 8:57 pm

There are many different methods that people use to predict UK property prices. Some people use the well discussed “Skip test”, this is when people start to notice new skips a sure sign that people are improving their homes.

Most people improve there homes to help them look better and help estate agents sell their properties, or when they have bought a new home that requires work or alterations to their own taste and requirements.
Having discussed the number of skips I have seen on my time traveling between projects with other property professionals we all agree. The number of those easier to spot large yellow objects is on the increase!
This is certainly a good indication that UK property prices will continue to defie predictions and may will end 2010 on a high.

UK Property Market Prospects For 2009

Filed under: Property Development — admin @ 6:55 pm

With the UK property market ending 2008 showing significant falls in both prices and number of sales attention has turned to the prospects for the coming year. Opinion is divided on what we can expect for 2009. Some property experts predict that the market will stabilise or even begin to recover whilst others less optimistically expect things will continue to decline further. For anyone involved in UK property from home owners to estate agents and mortgage lenders the future prospects of the housing market is clearly of great importance.

In a recent survey major UK estate agents and lenders were asked to make predictions for property sales and valuations in 2009. The bad news for home owners is that there is little hope that house prices will recover over the next twelve months. On average it is expected that property values will drop a further 10-15 percent this year. None of the property experts questioned predicted a general increase in prices. For number of property sales predictions were a little more optimistic. Whilst some experts estimate that the number of house sales will fall others more confidently predict that sales will increase by as much as 10 percent.

The above predictions represent the UK housing market as a whole. Of course the market is much more complex and diverse than this. Although the overall picture may not be great there are some sectors and locations where significant signs of recovery are expected. For example there is some confidence that the property market in London will ‘bottom out’ in 2009 and begin to recover by the end of the year. 

Similarly it is hoped that the number of first time buyers in the market will increase. The rising property prices of the last decade have left many first time buyers unable to afford to get a foothold on the property market. With prices now falling and a high number of people waiting to buy it is predicted that this sector of the housing market will contribute to a large part of sales in 2009. 

Overall although house prices and sales may not increase this year the general consensus from property experts is that 2009 will see the market stabilising. This stabilisation should then pave the way for a housing market recovery in 2010.

WOW Property are a national firm of UK online estate agents. Visit our website to advertise your home for sale and to search property to buy online.

Choosing the right builder for the job

Filed under: Builders — Tags: — Richard @ 6:15 pm

When you are about to choose a contractor to carry out work for your company or family how can you be sure to choose a good contractor.

There are many different things you can do, to help you make that choice. One of the most important things to look for is can they provide you with customers that are pleased to give tesimonials for their work? Or do they have strong alliances with other property or building companies?

Can they provide you with a good quality written quotation does it include terms and conditions? Does it clearly state what is included and excluded from the quotation?

Do they have procedures in place for each stage of the works? What about if things change or you would like to alter the specifications? Do they provide work variation orders?

A few simple questions asked in advance of the works starting can save time and expense once the project is under way.

Remember a good contractor will always be pleased to answer these questions as it is an oppotunity for them to show they do things correcty.

September 9, 2009

Property Development Tips and Advice

Filed under: Property Development — admin @ 10:32 pm

If you’re new to property development and are looking to making money buy either selling on or renting then you really need to do some research particularly in this economic climate.

Location, location, location as the TV show says is very important especially if this if your first property development. You need to have a good idea about the housing market in the area you are thinking of buying. Buying locally might be wise for a fist time property developer as you should have a good idea of what areas are being developed and if there is a need for rented accommodation in the area. If you’re unsure of what’s happening in an area you will need to do some research. You could ask local estate agents, read local papers and just generally ask people in the area. For instance if there is a university in the town and your planning on renting out the development then find out where it is and check the properties in that area. Also look at local transport and facilities.

A great way to get ahead of everyone else is to know where the up coming areas are in the town. Many towns have regeneration areas where lots of local government money is being spent on areas. A useful tip is to be wary of what estate agents say. Remember they will be wanting to make a sale so may describe an area as up and coming when in reality that might not be the case. Ask them what type of properties have sold recently and for how much.
Another useful tip is to remember to keep your business head on and always follow your business plan. It is very easy to fall in love with a property which is not going to get you the best return. Just because you like a property it doesn’t mean it will be the right type of property to develop to either sell on or rent. You should have a list at hand with what you require from the property and stick to it.

Once you have chosen the right property you are then going to need to find the right builder to do the development. This part could make or break your development so it’s important to find the right building company.

Hiring a building will only provide you with skilled labor which means you will be acting as your own contractor which means you will have to prepare all the necessary permits relating to the project. This is fine if you have the time to do the research necessary. You will also have to coordinate all aspects of the development which it fine for an experienced developer but not for a first timer. Coordinating the architect, designer, electrician plumber etc could be a right ordeal if not done correctly. It’s a bit of a balancing act and shouldn’t be taken on lightly.

First time developers almost certainly should hire a contractor and let the experts deal with all of the above. However like the property you need to do a bit of research to find the best one. Check online for building contractors and ask for references.

Like everything we do in life, preparation is the key to a successful conclusion. The more time spent researching every aspect of your property development, the more likely your development will turn out well. At the end of the day you want to make the most amount of profit, and you won’t do that if you jump in head first without looking at everything.

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