While for most, this is an unlikely new year resolution, however for some, it’s a thought that may well has been gaining airtime in your home (or your head) in recent months.
This thinking could have arisen be due to space constraints, a new job or perhaps a change in circumstances!
It could also be a snap reaction to a change that has occurred in your life. The need to move to a bungalow due to mobility issues for example, a bereavement or a geographic decision as your existing work takes you further afield.
Then again, you might be one of those people who are super-planners: those who are operating to a 3-5 year plan and looking to move this year as part of a retirement / equity release or downsizing strategy.
If any of these things apply to you then here is my advice if you are planning a home move in 2024 or beyond (Although many of these tips will apply regardless of when or to where you are planning to move!)
No.1/ Flexibility is Key:
If you are considering a downsize, remember the market always has very little to offer, particularly in highly sought after locations – e.g. Blackrock, Dundalk town centre, Ardee town centre, so it’s worth being a little flexible in terms of your timeline. This requires you to keep an eye on the market at all times. Ask agents to add you to their database is a good starting point, and also subscribe to websites like daft for alerts
No.2/ Crafting a Relocation Vision
If you’re considering a relocation abroad, it’s good to have a good 12 month view of places that are on your wish list… for weather, what times of year you are guaranteed regular flights there, and also whether there are certain times of year you def dont want to be there – eg summer in the canary islands is very hot – and therefore where you will spend those weeks when you want to be elsewhere (and research airbnb options for your house and your short term accommodation)
No.3/ Showcasing Your Homes ‘Best Self’ Year Round
Take a year round look at your home. Is it especially well presented in summer months with garden in full bloom? in which case, take lots of photos when it’s looking its best and your agent can use these photos even if you’re selling in a different season
No.4/ Decluttering with Purpose
Start your declutter NOW (especially if downsizing). If, for instance your garage is brimming with years of stuff that hasn’t been touched in years, it’s time to get stuck in – same goes for the attic. From personal experience, I recommend you allow at least 2 months per room in your house to pack, gift, donate, clear and tidy…for a 4 bed detached, that’s approx 3 – 4 months!!!
No.5/ Elevate Your Homes Appeal with BER Upgrades
BER will truly become the crucial factor on making homes extra attractive, so use your lead in time to get B.E.R-fit. Get your energy upgrades now to get as strong a B.E.R as possible (if you are availing of any grants for this, check small print for claw backs)
No.6/ Indulge in a Home Makeover?
With time on your hands, it’s definitely worth repainting in 2024 and by that I mean walls and woodwork and ceilings. Wooden windows? Sand, treat and paint the frames. And since you’re not planning to move straight away, you get to enjoy a freshly painted home. My clients always say to me they wish they had done their declutter and paint while they could enjoy them!
No.7/ Proactive Planning
Don’t get caught out on planning. Imagine you don’t check your planning, put your property on the market and in 12 months you only realise then, that you need retention!! You could have ticked that off now and had a clear sight of the finish line next year…
No.8/ Navigating International Property Rules and Regs
Refer to my earlier advice on downsizing and getting advice. If you’re moving abroad, research the rules for buying property there, the tax rules and non- national residency rules. Start to get your paperwork ready now for long term peace of mind and pocket!
No.9/ Pet Logistics
Pets? If you’re planning to rent until you buy, check the pet rules. If moving abroad, check out micro chipping, pet passport and quarantine rules for your destination.
No.10/ Prioritise Your Health and Healthcare Cover
Health & Private healthcare – ensure you are covered. Even if you’re moving across the border, it’s chalk and cheese in terms of admin. And get registered with a local GP sooner than later so there are no surprises or delays in having your medical circumstances in order.
And for a bonus…
No.11/ Smart Handling of Contracts
Beware long term contracts for broadband and utilities. Depending on how long before your anticipated move, don;t get caught with cancellation charges… and check out the broadband wherever you are moving to…
There is a lot to think about when it comes to moving home – even more than the list that has been created above! To help you with your planning and to gain expert advice when gathering information on what YOUR best options are – then let us know in Michael Lavelle Estate Agents, Dundalk.
Our team is here to help you whenm you need it most – which is from the start of yoru selling journey, and we are with you all of the way through to your property goal success.
If you need to clarify or query we are here. Start your sales journey with confidence, leverage over 50 years of our local dundalk estaet agency know how for your best result!
Halloween, with its ancient origins steeped in Irish pagan traditions, has undergone a remarkable transformation throughout history. In this blog, we take an in-depth exploration of the origins of Halloween, tracing its journey from modest, homegrown celebrations to a global phenomenon. We also delve into how Halloween has adapted to modern sensibilities and the evolving trends in home decorations for this spooky holiday. Join us on this fascinating journey through the history and evolution of Halloween as we prepare to embrace the eerie allure of the season in 2023.
The pervasive influence of Halloween in America cannot be denied. Visualize houses transformed into tourist attractions that seem to require NASA clearance to plug in, owing to their extraordinary brightness. Think of automated ghouls and goblins that spring to life when you are within a mere three feet of them, and the proliferation of ‘haunted homes’ designed each year to send shivers down the spines of Trick-or-Treaters in their store-bought costumes. These extravagant Halloween traditions have largely been imported from the United States, where Halloween reigns supreme, often intertwined with Thanksgiving.
However, it’s essential to remember that Halloween’s origins lie in ancient Irish pagan festivals. In those bygone days, it was the turnip, not the pumpkin, that took center stage. These traditions share surprising similarities with celebrations like Mexico’s ‘Dia de los Muertos’ (Day of the Dead), where the departed are celebrated, and the boundary between the physical world and the eternal is believed to be at its most delicate.
Halloween is a divisive holiday, with some embracing its spooky and terrifying facets and others favoring a more subdued, autumnal approach. Recent years have witnessed a shift towards a gentler, less hair-raising version of Halloween, emphasizing autumn colors and decorations.
While traditional spine-chilling decorations like spiders, witches, and ghouls still have their enthusiasts, a trend towards an earthier, autumnal theme has emerged. Instead of gore and fright, the prevalent color palette now often includes shades of orange, brown, and rust. Many have adopted a softer, more whimsical approach reminiscent of the movie “Hocus Pocus.”
Admittedly, Halloween might not be a personal favorite, but one must acknowledge the enthusiasm it ignites in many, such as my daughter. Over the years, we have acquired authentic, spine-tingling decorations that occasionally make our house seem worse for wear (even when it isn’t). Nonetheless, I appreciate that Halloween decorations offer a welcome distraction from the early onslaught of Christmas decorations. At the very least, it provides a much-needed respite between the summer and the December holiday frenzy.
In contemporary times, people exhibit a wide range of approaches to Halloween home decor. With evolving trends and beautiful items readily available in stores, options abound. From door wreaths and pumpkins to garlands and artificial flowers, there is a multitude of choices.
However, there are certain considerations to keep in mind. Foremost among these is the environmental impact. Using fake cobwebs, for instance, can be harmful to birds and insects, and these non-biodegradable alternatives should be avoided. An eco-friendly substitute could be employing a ball of wool to recreate web effects, a choice that is not only environmentally conscious but also easier to clean up.
Another aspect to exercise caution with is the release of Chinese lanterns. These seemingly whimsical lanterns can be detrimental to livestock and contribute to plastic pollution. Responsible choices in Halloween celebration can make a substantial difference.
Reflecting on personal childhood Halloween experiences, it’s evident that today’s celebrations are a far cry from the simpler, low-budget affairs of yesteryears. Back then, homemade costumes were the norm for trick-or-treating, accompanied by the joyous Halloween party with games and apple bobbing. Though times have changed, those simpler days retain their charm.
In summary, Halloween has evolved significantly over the years, offering a diverse array of celebrations to suit various preferences. Whether one enjoys the spine-tingling aspects or favors a more autumnal and whimsical approach, Halloween offers a delightful interlude before the bustling holiday season. It serves as a fun and festive bridge between the seasons, leaving us marveling at how swiftly the year passes. Now, that is indeed something to find spine-tingling!
This blog article was derived from a recent Towntalk conversation between Joanne Lavelle and DundalkFM. For the full interview and more, please click here.
Downsizing is a term used to describe the process of moving from a larger property to a smaller one that better suits your needs. It involves considering factors such as location, practicality, and energy efficiency. In this blog post, we will explore the reasons why people choose to downsize, the benefits and challenges associated with it, and provide practical tips to help you navigate the downsizing process smoothly.
Reasons for Downsizing
There are several common reasons why individuals consider downsizing. In our long experience of working with property for nearly 50 years, these include:
The Property Size and Maintenance:
Many homeowners find that their current property is too large and expensive to maintain. Downsizing allows them to reduce their living space and associated costs. This can range from the cost of heating a larger home to the general maintanence involved, which can get either physically more demanding each year.
Emotional Attachment to Family Members:
Many people have a strong emotional attachment to their family home. However, as circumstances change, they may feel the need to move closer to amenities or family members who have moved away. Perhaps more remote countryside living was ideal when the household was full with family. Later years when children have grown up, a person or couple may wish to sell up and move closer to grandchildren or feel a closer sense of community again.
Properties with stairs or other mobility challenges may become impractical as individuals age. Downsizing to a more accessible home can ensure long-term comfort and convenience. Perhaps even moving into a supported living community, where there is help immediately at hand if needed yet maintaining the freedom of living independently in your own home.
Benefits and Challenges of Downsizing
This brings us on to the benefits and challenges of downsizing. Before making the decision to downsize, it is important to consider both the upsides and downsides. Here are some key points to keep in mind:
Equity Release: Downsizing can provide an opportunity to release equity from your current home, which can be used for other purposes such as retirement savings or investments.
Increased Freedom: A smaller property usually means less maintenance and upkeep, allowing for more free time to pursue family time, hobbies and activities that bring joy. in other words, having the freedom to make great memories in a new home.
Proximity to Loved Ones: Moving to a smaller home can bring you closer to friends, family, and amenities, enhancing your social life and overall well-being.
Emotional Attachment: Leaving a family home can be an emotional process. It is important to acknowledge and address these feelings to ensure a smooth transition.
Hosting and Intrusion Concerns: When selling to downsize, it may raise concerns about hosting important events such as birthdays or upcoming celebrations. To avoid the feeling of being intruded upon, set out these keys dates with your Estate Agents when selling the property.
These following concerns should be addressed and discussed with professionals, who can clear up lingering doubts or queries you may have about selling to downsize.
Financial Considerations: While downsizing can lead to lower running costs, there are expenses associated with selling a home, moving, legal fees, and potential refurbishment costs. These should be factored into your decision-making process.
Preparing for the Downsizing Process
To make the downsizing process as smooth as possible, consider the following 7 steps. We have found over the years, that these steps have helped the process go much more smoothly for previous downsizing clients when selling.
1.Create a Timeline: Develop a timeline that takes into account any family events or important occasions. This will help you plan and manage the downsizing process effectively.
2. Decluttering: Downsizing often requires decluttering your belongings. This can be a time-consuming and emotionally challenging task. Start early and seek support from professionals if needed.
3. Seek Professional Advice: Surround yourself with professionals you trust, such as solicitors and estate agents. They can provide guidance and support throughout the downsizing journey.
4.Consider Implications: Take into account any complications or implications, such as property chains, and seek advice from medical professionals if needed.
5. Property Research: Begin exploring smaller properties to get a sense of what you like and what is available in your desired location. This will help you make informed decisions.
6. Make Decisions on Your Terms: While seeking advice from others is important, ultimately, make decisions that align with your needs and preferences. Be aware of conflicting advice and consider the motives of those giving it.
7. Financial Advice: Seek sound financial advice, especially regarding taxation implications. This will ensure you make informed decisions about your finances during the downsizing process.
Downsizing can be a transformative experience, allowing you to find a property that better suits your changing needs. By considering factors such as location, practicality, and energy efficiency, you can make an informed decision about downsizing. Remember to create a timeline, declutter, seek professional advice, and be prepared for the process. With careful planning and consideration, downsizing can lead to a more comfortable and fulfilling lifestyle.
We hope you found this information helpful. For the full Vlog of this article, delivered by Joanne Lavelle, which covers each topic just a little bit more in-depth, simply Click Here
If you have any further questions, please feel free to reach out to our team in Michael Lavelle Estate Agents by Clicking Here To Contact. Leave your details with us on that direct contact form and we will schedule a call back to you.
By all means, you can also feel free to call 042-933 2482 or message Joanne directly on email: email@example.com, if that is more suitable for you.
Thank you for reading, let us know if you have any queries and best of luck with your downsizing journey!
Are you a landlord thinking about selling your rental property in Louth? The timing couldn’t be better, with the budget just around the corner and a growing market for property sales.
However, in today’s competitive property market, it’s essential to make your property stand out.
You like many other landlords may have already decided to sell, and if your property is currently vacant, there are crucial steps you should take to maximise its appeal.
We’ve broken down the process into three essential steps: Remove, Repair, and Repaint—the Three R’s of preparing your rental property for sale.
In this blog, we’ll explore each of these steps in detail, providing you with valuable insights on how to make your property more attractive to potential buyers.
Remove Everything: Begin by removing all items that are not fixed to the walls. This includes furniture, appliances, and personal belongings. The goal is to create a clean, open space that allows potential buyers to visualize the property as their future home.
Check the Attic and Garden Shed: Don’t forget to inspect the attic and garden shed for any lingering items. Over the years, many landlords may not have ventured into these spaces, so you never know what you might find.
Replace or Clean Carpets: If the carpeting in your property is in poor condition, consider replacing it or having it professionally cleaned. Clean, well-maintained carpets can significantly enhance the overall appeal of a home.
Remove Wall Stickers: In kids’ rooms, wall stickers and decorations should be removed. Create a neutral and blank canvas to help buyers envision their own style in the space.
Thorough Property Inspection: Conduct a thorough inspection of the property to identify any maintenance issues. Even seemingly minor problems can deter potential buyers.
Gas Fires and Ventilation: Pay special attention to gas fires and ventilation systems. Address any necessary repairs to ensure safety and functionality. Proper ventilation is crucial in living spaces and bathrooms, especially in properties that have been rented.
Ceiling Stains: Check for stains on the ceiling, as they may indicate water damage. Promptly repair any issues to prevent further damage.
Fix Loose Fixtures: Loose fixtures, tiles, or other maintenance problems should be addressed. Attention to detail can make a significant difference.
Consider Repainting: Painting is one of the most effective ways to refresh a property’s appearance. Consider repainting walls, ceilings, woodwork, architraves, skirting boards, and doors. A fresh coat of paint can breathe new life into the space.
Invest Wisely: While repainting may require an investment, it’s important to weigh the cost against the potential return on investment. A well-painted property can significantly improve its marketability.
Selling a rental property can be a smooth and successful process if you take the time to prepare it properly. While factors like location and structural condition play a significant role in determining a property’s value, the Three R’s—Remove, Repair, and Repaint—can make your property more competitive and appealing in today’s market.
Don’t wait until it’s too late. Start working on the Three R’s today to ensure that your property shines in the eyes of potential buyers. Whether you’re a seasoned investor or a first-time seller, these steps can help you achieve a better return on your investment.
Remember, Michael Lavelle Estate Agents Dundalk, are here to assist you every step of the way.
Whether you have questions about preparing your property in Louth, want to explore the current local market conditions, need guidance on the sales process or valuation for sale, we’re just a call or message away.
Contact us with any query, large or small, and let us help you make your property sale a success.
For more insights on this topic, you can listen to Joanne Lavelles full recent interview with Dundalk FM. [Click here to listen]
Contact Michael Lavelle Estate Agents for expert guidance on selling your property and achieving the best results for your property sale in Louth
We’ve brought autumn into the house with beautiful oranges and browns, gourds and pumpkins. Some of us have even bedecked the garden with bones, ghosts and gremlins, but we’re now safely into early November, and the word that is on everyone’s lips is, of course, Christmas! The shops are already putting their festive windows up, and radio and TV commercials are tugging at our heart – and purse -strings. So the big question: “When will you put the tree up?” is currently overtaking “What’s the weather forecast?” in our day to day chatter. Here in Ireland, there are a few big occasions that arguably demand a bit of tinsel and the smell of a Christmas candle. With all these occasions, decorating and shoppingto plan for, here is my Christmas calendar for 2022
The holiest of all Christmas dates regardless what the age of people in your family, many households will be suitably decked in time for Tubridy to jump about in fancy dress and silly jumpers. As a general decorating note, most large stores have been flogging decorations since August, so if you’re hoping to buy any baubles this year, you’d better bag them well before The Late Late.
We have our American Cousins to thank for this new Christmas festival. Now more a month-long occasion than a single day, these events are the dates when retailers beguile us with promises of savings, discounts, treats and thrills. Sharpen your elbows, get comfortable shoes on and you’re your wallets at the ready, folks! Note for extra feel good and all round sound-ness, spend Black Monday cash with local independent retailers who are also looking for your support. But forget about ordering decorations online – unless of course you’re planning for Christmas 2023!
OR…. to most of us, the big outing to the big smoke to do the Christmas shopping (City dwellers beware)! This is the occasion when families load into cars, trains and buses and take to the nearest city to empty their pockets and drive themselves to distraction figuring out the perfect gifts for their nearest and dearest! This is also the date that many households believe the bauble angels approve of decorating without fear of heavenly reprisals, so if you’ve resisted the Late Late pressure, this is likely the Big Decorating Day.
In decorating terms, the opportunity for people to actually decorate themselves for Christmas and head to the pub. Public service announcement: no prizes for silly jumpers, but it’s always good for an Insta-laugh!
No words for this cohort of Decorators, really. Let’s face it, if you haven’t spent hours untangling Christmas lights by now, you’ve got to question your motivation, Humbug!
For those who have successfully, completed their Christmas present shopping and decorating, this is an ideal day to take the train to Dublin, and-walk around with a smug look on your face watching last minute shoppers punch each other for the last available pair of Santa socks in Penneys!
FYI if you happen to come across Bono crooning on Grafton St, keep it to yourself please: I’m too busy in Smyths Toystores searching for the toys my kids have just told me they’re expecting from Santa! So after all these shopping events, you’ll be doing well to have everything done in time rip to put a glass of milk out for the Big Man in Red on December 24th.
My advice? A pair of Christmas Pj’s will do just fine for the Late Late Toy Show. Keep Christmas firmly in December and unfriend any Facebook friends who post / brag about their tree being up before November 30th!
Autumn is my favorite season, and obviously Halloween is a big part of that. There are loads of things about Halloween decorating that can be lovely, but at the end of the day, the novelty of great big giant hairy spiders hanging over the telly can wear thin very quickly. Your Christmas tree is probably different later in the year, that has got a couple of weeks in it! However a spider and a web for example is hard to justify, having up for a long time. Today, I thought I would generally cover options regarding Halloween decorations, their effects (from professional and personal experience) and what they could mean for you when selling your house at this time.
Having a truck load of scary Halloween decorations around the house is not for everyone. For some people entering a house (with their thoughts of buying) itmight actually be a little off putting. Then again for others thay actually might LOVE it!
Over in the United States, it’s a massive ‘thing’ because it goes straight from Halloween, gently then into Thanksgiving, then Christmas, and it all merges beautifully. Its a pretty packed season overall for them. In Ireland we haven’t (dare I say, thankfully?) gone to the full extent of the U.S with our Halloween attitude, but it is growing.
From experience, I see that the Halloween Style of Decor is split into two types. (We’ll look at how this can effect a selling process a little bit later in this article)
The ‘Scary Type’ are the witches and ghouls and bones and graveyard’s in the front garden with cobwebs everywhere. When there are young people in the house it can be lovely and fun. It can get a little bit ‘overdone’ after some time however!
I’ve watched over the years, as my the children got older, the decorations get scarier and scarier until they do actually start to look like a bit like a crime scene! There are some pretty ‘advanced’ decorations nowadays also from what I have seen around!
So, it’s a balance really. In our own home I’m conscious that when the children are coming to the door on Halloween night, we don’t want to frighten the life out them either. So that sums up the scary side.
On the ‘Seasonal Type’ (and this is the side that I love) you have your pumpkins and your gourds and your pop of seasonal colours. I see that Dunnes Stores are selling gourds at 40 cent each! Tree leaves, even chestnuts, anything that comes out of the garden, can look lovely. You can make a little display of it and actually bring that season into your house at a foraging level. Pick some berries and things to use around the house they can look fantastic. Also I see people have really started to embrace door wreaths. In my work and in general, I see lovely door wreaths out in seasonal colors. The colors really lend themselves so well to embracing this time of year. Even in a normally drab entranceway, it’s a fantastic way to bring warmth and life in to space. It can make it inviting. Its easy then to bring all the way through a home then. I recommend you try it!
Here’s another little tip. Get a pot, or similar and put something colorful such as a Red Robin ornament, or really colorful Chrysanthemums in (and you look after them provided they don’t get a heavy frost) they will last you through this season.
It’s a lovely way to counteract the greyness of this time of year, breaking it up with pockets of gorgeous colours.The ‘grey’ can act as a fantastic backdrop in fact.
Go into any supermarket or any garden center, you’ll easily find winter colors that you can pop in a pot or vase.
For me, it’s the seasonal side of it, rather than the scary side of it that I love now. When the kids were small however, I was scary stuff all the way!
Top Tip for Arachnophobe’s
If you are not too fond of Arachnids at this time of the year, there’s plenty of fallen conkers around the place. Get them together and put them in a bowl around your house, particularly where there’s access points, you’ll find that our eight legged friends don’t like them!
When we think about the Halloween scene and whether you should be putting up decorations when you’re selling, I’d suggest to err on the side of caution. Not everybody likes spiders or ghouls, fake (or otherwise!) We have had cases with buyers wanting to view property, doing an ‘about turn’ due to the scary Halloween decor in place!
As well as that, if you’re thinking about selling your house right now, photographs need to be taken. If an agent turns up and is met by Frankenstein or the Harry Potter style spider scenes, it is not really representing the house in its truest form as it were.
People viewing that property online will have a hard time seeing passed the seasonal décor (even Christmas decorations – I know I shouldn’t really be talking about Christmas again yet! But I think you get the point!) This may even dissuade them from arranging a viewing in the first place. We all know how easily distracting the online world is (by design!) and so capturing a potential buyers eye is key. If not, they can easily investigate elsewhere and it can be a case of ‘out of sight, out of mind’.
When you are getting pictures taken of your house, they have to last for weeks and maybe months depending on your property type. Seasonal style pictures will run out of steam very quickly.
So what do I suggest?
It’s to wait until photos are taken and then get your decorations up! A simple suggestion that could mean a big difference to you overall.
In the meantime, from myself and all of the team in Michael Lavelle Estate Agents Dundalk, we wish you a wonderful Halloween and Autumn Season
~ Joanne Lavelle
The leaves are turning brown, the nights are getting longer and the mornings are dewy and pale… Autumn is here. Maybe the thoughts of the colder days fill you with some sort of dread.
Fear not, we are here to inspire.
Get yourself a cuppa, place your woolly socks on, and read our convenient overview about getting your home ready for this season of transformation.
Our Easy Autumn Decor Ideas will, no doubt, help you feel a seasonal glow rather than gloom, in no time!
Autumn is the period of spices. Think Apple Spice, Pumpkins, Ginger Spice (not Gerri from the Spice Girls!) Cinnamon and add Nutmeg in the mix to dial up on the season.
Besides baking batches of tasty treats, you can bring these scented tones into your home with candles and oil diffusers. If you would like to see a gorgeous range that we recommend then check out the Soilse Candle Company, an independent Irish brand of handmade candles.
All of their candles are made from 100% soy wax, infused with and evoking the unique and captivating fragrances of the Irish Landscape.
Front door decor can give a ‘wow appeal’ to your entrance way and allow’s you to make your home look unique.
Adding delicious seasonal charm does not have to be labour intensive to gain a high impact. Go ‘Full On’ Autumn with these beautiful Door Wreath’s from Gift and Art Gallery, Dundalk
Floral and geometric are out, faux fur is in!
Provide your furniture with an abundance of soft layers to snuggle up in as you binge-watch on Netflix and ignore the rain outside.
If an open fire is not possible (or simply not your thing) then between the gentle candlelight and cosy blanket, you will definitely reach that seasonal ‘cocooning’ mood any time you wish!
Planning your Autumn decor also points to planning for Hallowe’en (a massive occasion these days) so go grab the decoration boxes out of the garage or attic and see what you have even before you need to get decorating.
Some items just dont last the pace (even in storage) so use some of that cosy indoor time to sort through and get rid of the less ‘enthusiastic’ looking pieces.
Hallowe’en doesn’t have to mean spiders or ghouls either. Check out these super cute autumnal decorations from Gift & Art Gallery in Dundalk that are ideal for tables, mantlepieces and around your home.
Using these easy autumn decor ideas also help you ease into the colder winter months. Basically it is all about preparing and making the evenings more pleasant, especially after coming home from a long day, or after an evening out. Transforming your home into a ‘sanctuary’ not only helps you to relax but it is excellent for your mind and body. There are real benefits to be gained by doing so. With this guide we hope to provide you with some inspiration on to how to achieve optimum cosiness!
See our online article Getting Your Home Ready for Sale and our video Vlog: 3 Tips for Selling Your Home in Ireland This Autumn 2022 for more great practical tips that can help you enjoy your home more and even have reach an optimum market price when it comes to selling.
As a landlord, when you decide to sell a rental property, there are several important factors that must be considered. They will dictate the process of the sale and ultimately the financial gain to you as the landlord seller.
In this guide, we will take a closer look at each of the main considerations so that you can get the best return when it comes to selling your investment property in Ireland. This guide can also help you to avoid conflict that could either make a sale very difficult or even scuttle one altogether.
Will you be offering the property for sale with vacant possession (nobody living there) or with tenants in occupation (someone living there)
If your property is vacant, then it has a much higher chance of being sold to any sort of buyer – investor or owner occupier. On the other hand, if you have a tenant living there, then the sale will usually be restricted to investors only.
Should you have a tenancy in place that began before June 2022, as a landlord you have the option to give notice to terminate the tenancy and sell with vacant possession. It’s really important to recognise the tenant’s entitlements regarding the length of notice, refund of the deposit, and access for viewings and inspections. There are clear rules concerning termination of tenancy and these are available on the www.rtb.ie website.
In the case of selling your investment property with a tenant in occupancy, the details concerning the tenancy, deposit, and rental history will be needed by the selling agent. Make sure to get these details to your agent as early as possible as a way of spotting any issues that might interrupt your plans. Clear and open communication is going to be critical where a tenant remains within your property.
Where there is an existing mortgage on your investment, then you as a landlord should request the Property Deeds from the bank or building society, through your solicitor, again as early as possible in the process.
We recommend that this be done as soon as a landlord decides to sell. This significantly reduces the overall time between putting your property on the market and closing a sale for you.
If your property is currently worth more than the purchase price, you will be subject to Capital Gains Tax, after the cost of sale and some other specific costs that are allowable e.g., capital expenditure.
Has your property been extended or has the use been changed? Then we recommend you get a compliance cert at the outset, as this will be requested by the purchaser’s solicitor.
Paperwork is obviously important during the process of selling your investment property in Ireland. By having a complete history of the property ready and with your solicitor, you can avoid unnecessary delays to completing a successful sale.
Own an investment property as part of an apartment development? Then check that your annual charges are paid up to date and that the Owner Management Co is compliant. Talk with the company and make sure its annual returns are also up to date.
All property offered for sale in Ireland or for rent must have a valid BER Certificate. Ask your agent for details of local BER assessors. (If you need a BER Cert in Louth then Click Here)
An ex-rental property that is being sold with vacant possession often warrants some level of maintenance or content clearance before putting it on the market. Again, ask your agent for advice and, if appropriate, consider home staging or repainting to maximise the property’s performance on the market. If you are selling the property with the tenant in occupation, it is worth checking whether repairs and safety checks are up to date. Otherwise, a sale could fall through if the property is found to require significant work to bring it up to standards.
Ask yourself these questions. They can help you to focus on the steps you might need to take to help sell the property efficiently and at top market price.
Need more advice when it comes to selling your investment property in Louth, then let the team in Michael Lavelle Estate Agents know. Our property experts are on hand to guide you through the process and find a buyer for your property when it comes time to sell.
For more simply call (042) 933 2482 or leave your details below so a team member can contact you. Alternatively, click to grab your Free Property Valuation Here to get your property sales process underway from today.
We’re excited to be hiring a Team Coordinator for our dynamic successful team of property experts.
Michael Lavelle Estate Agents is a leading estate agent and auctioneer in Dundalk and the north east. We are independent estate agents and we are experts in selling property. We sell houses and land, we rent houses and land and we value all types of property. We are brilliant at selling and marketing property: we work in innovative and clever ways, and we always work hard for our clients. The result is great results!
Our new team member will be the front of office person and coordinator of our team and our business – the skills we’re looking for will include
The person filing this role will also
This role is ideally full time (Mon-Fri 9-530) and is based full time in our office at Bridge St, Dundalk. A full clean driver’s licence may be important.
If you are satisfied that your skills and personality match this role, please send your details to firstname.lastname@example.org asap… We move fast!
The holy grail of every buy-to-let property is continuous occupation by high-quality tenants with a market-leading income and a value that increases year on year. None of this happens by itself, and, just with any business, a plan of action is the key to success.
Great tenants pay more money for beautiful homes, and you only have to look at new-build properties for proof that new price ceilings can always be set. By offering a home that reflects the earnings and aspirations of professional people, you create a win-win situation: your tenancies last for longer, your property is better cared for, and your buy-to-let is a joy to own with a healthy return to boot.
Older homes have the built-in advantage of heritage and character that many tenants desire, but they can fall behind on modern, energy-efficient lifestyles. However, any property can lead the way on design or price, and there’s nothing to stop period homes exceeding the income of newer ones.
Whatever the age of your rental property, our blog this week guides you in creating high-quality rental homes to keep as a long-term investment or to sell at a healthy profit. So read on for some sound advice in maximising the value of your buy-to-lets, keeping them in high demand, and standing out for all the right reasons.
LOOK THE PART
The first step in attracting the best tenants is to create a rental property that looks brilliant on viewings and in photos. You also want your agent to photograph it properly.
There’s no point making your buy-to-let sparkle when the images make it look gloomy, so check the websites of any agents you’re considering to see whether their photography is right for your property.
Homes for rent can be trickier to photograph than homes for sale because they don’t have the benefit of being lived-in, accessorised and styled. Empty rooms expose everything, which means it’s essential for everything in your buy-to-let to look up-to-date and well maintained.
No kitchen will look its best with a dark brown hob, but they’re easy and inexpensive to swap for a shiny stainless-steel model. The same goes for old and scaly taps: replace them with modern fittings for an instant bathroom reboot.
Fresh paintwork in white or pale neutrals gives the air of a new start; clean windows make every room brighter, and clean floors make a home feel bigger. For a final flourish, dress naked windows and lightbulbs with blinds and lampshades to add a stylish warmth.
READ REALLY WELL
A killer description packed with enthusiasm and juicy benefits is key to converting the interest from your photos into an enquiry and a viewing. The text doesn’t have to be long, but it does have to be good.
Make a list of all the features and benefits of your property, then tell your agent all about them. Beyond the standard points around accommodation and location, let us know about any extra touches that may not be so obvious.
Concealed lighting, clever storage, audio wiring and eco-friendly improvements are qualities we can make a big deal of, and it makes a positive difference to a potential tenant’s reading experience when there’s lots of good stuff in the description.
Please don’t be afraid of telling us too much. We’re here to get you the highest possible rent, so the more we know, the better. If you’ve put in the effort, it deserves to be rewarded.
FEEL JUST RIGHT
Photos and descriptions can show how a home looks and talk about its features, but they can’t convey how it feels. Only viewings can do that, and, as well as an emotional connection, tenants develop a tactile impression: from opening doors to turning on taps to walking on floors, very little escapes.
Loose tiles, lifting timber or laminate floors, and threadbare carpets can really bring your property down and make it seem worse than it is. Likewise, handrails, hooks, switches and knobs that are coming loose, poorly fitted or worn-out will create the impression of a neglected home.
All of these are very easy to change, and you’ll get the best tenants and the best rent when your buy-to-let feels as good in person as it looks in the photos. It’s all about reinforcing the enthusiasm and excitement of your viewers with a home that’s even better than they expected.
Most new enquiries come from the property portals, and they list homes in price bands that display the monthly rent. However, many landlords work on a per-week basis, which can reduce the visibility of their buy-to-lets.
For example, a rent of £290 per week equates to £1,256 per month, while £285 per week equals £1,235 per month. Both will get buried in the search results from £1,000 – £1,250 and £1,250 – £1,500, putting competing homes ahead of yours.
A slight tweak can change all that. Setting the monthly rent at £1,250 sits exactly at the meeting points of two price bands, which means the property will now appear among the very first listings of both, potentially doubling its audience.
As you can see, being inside or outside a price band by as little as £6 per month can send your property below many other listings and lose valuable enquiries. If you’re unsure about where to set the monthly rent for your buy-to-let, call us on 042 933 2482 for some expert and friendly number-crunching.
Once you’ve found high-quality tenants, the real story begins when they move in. How you look after them and your property has a huge impact on the profitability of your buy-to-let, and a plan of continuous maintenance will avoid unnecessary turnover of tenants and loss-making voids.
Taking the time to visit your property every six months will not only identify any minor repairs or niggles; it will keep your relationship with your tenants fresh, friendly and full of trust. It’s an easily forgotten part of being a landlord, but it’s absolutely worth the effort.
The landlords and tenants of the homes we manage tell us that our half-yearly inspections are one of the most valuable parts of our service. For tenants, the peace of mind of regular check-ups offers a welcome comfort that keeps them happy and makes them stay longer; for landlords, our visits provide opportunities for carefully managed improvements that keep their investments performing well.
With the right marketing & presentation, conscious pricing and an active care regime, you’ll draw in the very best tenants and the highest possible rent. You’ll also future-proof the value of your buy-to-lets so you can leverage your equity and continually expand your portfolio.
If you own a rental property in County Louth, or you’re looking to acquire your first buy-to-let here, call for a chat on 042 933 2482 or drop us a line at email@example.com. We’re here to help you create a life as a profitable landlord with a passive income and peace of mind.
The new Local Property Tax deadline is fast approaching, and property owners are now receiving a letter containing their account details from Revenue.
So what’s this all about, and what do you, a property owner, need to do?
Local Property Tax is an obligatory, self assessed tax. Owners need to do some research into how much their property is worth, and declare their opinion of value to Revenue. Most people will do this online (using the Property ID and PIN that’s in the letter Revenue sent to owners), whereas some will need to phone Revenue to ask for help.
It’s 8 years since we last had to value our property for local property tax purposes. And as everyone knows, property values have changed considerably in the intervening years.
The valuation date is 1 November 2021 – what this means is that owners must as themselves: How much do I think my property is worth on that date (at the present time)? Owners can do this research using the following ways:
If your property is unusual, or perhaps has problems like planning or structural issues, or may be entitled to an exemption, then you should arrange an LPT valuation.
Watch our free webinar to explain all about LPT: the exemptions, the bands, the ups and downs of LPT.
You can access below. Simply fill in your details below.
REMEMBER: LPT Returns must be made before 7 November, so don’t wait until the last minute to Get Your House in Order![ninja_form id=3]
Buying one or more rental homes can give you additional income now and a plan for financial freedom, but simply owning a property isn’t enough by itself.
To be sure of maximising your yield and protecting the value of your portfolio, the financial management of your rental homes is an essential part of being a successful landlord.
There are many ways to use buy-to-let funding to optimise the performance of your properties, so if you’re thinking of buying a rental home in County Louth, or you’d like to get the most from your existing lettings portfolio, you’ve come to the right place.
We’ve pulled together all the details to help you begin, improve and expand your buy-to-let business for a sustainable and profitable future.
BUY-TO-LET LENDING AT A GLANCE
Buy-to-let mortgages are slightly different to standard residential loans. As well as checking your credit rating to consider lending to you in the first place, banks also take into account the expected rental income of a property alongside its sales valuation.
Generally speaking, the monthly rental income needs to be at least 125% of the monthly mortgage repayments. For example, if you’re looking to buy a property where the monthly mortgage repayment is £1000, the rental income needs to be a minimum of £1250.
Lenders usually work to a maximum loan-to-value of 75% of the purchase price, and most buy-to-let mortgages are loaned on an interest-only basis. It’s a combination that helps to keep your monthly outgoings low while increasing the gap between the mortgage repayment and rental income. This protects your cash flow and reduces the risk to the lender of you being unable to meet the monthly payments.
Unlike typical residential mortgages, your personal income is not as important as the rental income from the property. In fact, experienced landlords can often borrow with no income other than the rent they receive.
EXPANDING YOUR PORTFOLIO
Releasing equity from one property to fund another is one of the easiest ways to expand your portfolio without eating into your personal savings.
As soon as you have enough equity in one property to cover a 25% deposit on another without taking the borrowing on the first above 75% of its value, you’ll be able to add another property to your portfolio funded entirely by a lender.
Mortgages are generally the cheapest funding you’ll find, and many professional landlords advocate leveraging as much of the equity in their buy-to-lets as they can to keep expanding. They think long term and don’t care about price fluctuations – merely about the most efficient way to finance and grow their portfolio.
Once you acquire more than three buy-to-let properties, you’ll start to meet the criteria for being a portfolio landlord, which can open up portfolio funding on even more attractive terms.
INCREASING YOUR YIELD
Keep reviewing your mortgage. The fast-track to increasing the yield of any buy-to-let property is to reduce your monthly outgoings. If you’re already on a variable rate, you’ll almost certainly make instant savings by remortgaging at a fixed rate.
Most landlords fix their rates for between two and five years, which gives them certainty over their outgoings without being tied in for too long.
For existing fixed rates coming to an end in the next six months or so, it’s well worth reviewing current mortgage offers for better terms. By applying now, you can line up your new rate to take over the day after your current deal runs out to avoid any early repayment charges.
Even if your current mortgage deal isn’t due to expire for a while, you may even find any early repayment charges are more than compensated for by switching to another lender or loan if the rate is significantly lower.
Depending on the eco-friendliness of your peppery, you may qualify for a green mortgage. These are gradually becoming more widely available and reward eco-friendly landlords with lower interest rates.
IMPROVING YOUR PROPERTIES
If your buy-to-let is showing its age, it won’t achieve its maximum rent or reach its full income potential.
Remortgaging an ageing rental property to invest in upgrades that meet local market expectations will increase the demand, the rental income, the length of your tenancies and, of course, the value of your investment.
It’s essential to make the right improvements and to balance expenditure against the increase in income. Overspending won’t always give you the return you’d hoped for, while underspending almost always ends in disappointment for both landlords and tenants.
If you own a rental property in County Louth and you’d like to know which improvements will help you achieve its full income potential, give us a call on 042 933 2482 or email us at firstname.lastname@example.org
When we talk about buy-to-let finance, it’s not all about borrowing and banks. How you pay tax on your rental portfolio will impact your business as much as your interest rate.
Tax is a complicated area, and a specialist tax advisor can help you identify where you can improve the tax efficiency of your portfolio and ensure you are claiming the correct allowances.
As well as the expenses you claim, the way you own a property can also affect the tax you pay. If you’re married, it could be more efficient to transfer the title into your spouse’s name to make use of personal tax allowances.
Owning a property as a company or individual can also affect your liabilities, particularly around capital gains tax and inheritance tax.
Remember that, just like any business, you should only pay tax on your profits, not your entire rental income.
Buy-to-let finance has many faces and can help you start and grow a truly successful lettings portfolio that fulfils all its potential.
If you own a rental property in County Louth, or you’re thinking of becoming a landlord, call us on 042 933 2482 or email email@example.com for some expert and friendly advice – our team is here to help.