Phil has told me that I must do a blog today because he’s sick of looking at the photo of himself in his apron showing his bum in the mirror. So here I am, although I’m not sure I have anything of interest to relay. It’s been a grey old week in more ways than one. The forecast said it was going to be in the 70’s with lots of sunny skies. They got that wrong (again); we have had so little sun this week that even my solar garden lights have stopped working. It’s true; when I get up at 3am and come down stairs to make tea, which I drink in front of my computer screen, I like to lift up the kitchen blind to admire my solar lights glowing in the dark. And this week they’ve not lit up once. A sure sign me thinks, that signals the end of a summer that just never got off the ground.
August is notoriously bad for selling houses but this August has been a really bad one. Everybody knows about the credit crunch because you can’t escape it but me and Phil are realising its worse that we had originally thought. We’ve had no interest in the TMA flat which is up for sale; we’re going to get another agent to do some aggressive marketing and perhaps drop the price but if this doesn’t work we shall have no choice but to rent it out again. We’d got Adam from Morgans round to our house on Wednesday to give us a rental valuation. Adam was telling us that they have sold only one house in the whole of August and have stopped advertising sales altogether. They are lucky as an agent because they have a strong rental portfolio which is now sustaining their business.
Adam really liked our house and said although it was only a 3 bed, because of its uniqueness he thought we could rent it out for anywhere between a £1,000 - £12,00 per month. This is about what we thought but to attract a quick rent we’ll try it at £995 pcm. I think the calibre of tenant is more important to us than the income. I am hoping that we get a corporate client, preferably an MD that doesn’t smoke, doesn’t have pets, goes home at the weekends and who doesn’t mind the barking dogs next door or the late night poker parties across the way. It’s highly unlikely I know but one can but hope. Our original plan was to do this house up and put it up for sale at a profit but we have no chance in the current market.
So the plan is we get tenants in the cul-de-sac and we move into the CCF which has been vacant since the last tenants moved out because of the floods. We have to move quickly before the introduction of ECP certificates which every rental property must have as of the 1st October. Hey Ho. Do I really want to move out of my lovely newly decorated house with automated garage doors into a ground floor flat in a block which has been infested with mice, is prone to leaks from the upstairs flat and still smells of Indian cooking? No not really
but Phil tells me we must do this to reduce our tax bill. Did I mention that the flat sits between the kebab shop and the barbers shop? There is also a Halal takeaway nearby too, aren’t I lucky?
Needless to say that Harriet isn’t happy about the imminent move and is currently not talking to me. I did suggest she move in with her dad as he has a spare room which will give her more room and also is right next to the OU. This apparently is out of the question even though Chris would love to have her and she now thinks I don’t want her to live with us which is not the case. KIDS!!!!!!!
I am trying but struggling to stay positive. On a happier note, we are off to Spain on holiday next Wednesday. Phil has booked cheap EasyJet flights and we are staying with Mads & Steve in Mads sisters apartment. I am really looking forward to it; who knows I may not just come back.
August is notoriously bad for selling houses but this August has been a really bad one. Everybody knows about the credit crunch because you can’t escape it but me and Phil are realising its worse that we had originally thought. We’ve had no interest in the TMA flat which is up for sale; we’re going to get another agent to do some aggressive marketing and perhaps drop the price but if this doesn’t work we shall have no choice but to rent it out again. We’d got Adam from Morgans round to our house on Wednesday to give us a rental valuation. Adam was telling us that they have sold only one house in the whole of August and have stopped advertising sales altogether. They are lucky as an agent because they have a strong rental portfolio which is now sustaining their business.
Adam really liked our house and said although it was only a 3 bed, because of its uniqueness he thought we could rent it out for anywhere between a £1,000 - £12,00 per month. This is about what we thought but to attract a quick rent we’ll try it at £995 pcm. I think the calibre of tenant is more important to us than the income. I am hoping that we get a corporate client, preferably an MD that doesn’t smoke, doesn’t have pets, goes home at the weekends and who doesn’t mind the barking dogs next door or the late night poker parties across the way. It’s highly unlikely I know but one can but hope. Our original plan was to do this house up and put it up for sale at a profit but we have no chance in the current market.
So the plan is we get tenants in the cul-de-sac and we move into the CCF which has been vacant since the last tenants moved out because of the floods. We have to move quickly before the introduction of ECP certificates which every rental property must have as of the 1st October. Hey Ho. Do I really want to move out of my lovely newly decorated house with automated garage doors into a ground floor flat in a block which has been infested with mice, is prone to leaks from the upstairs flat and still smells of Indian cooking? No not really
but Phil tells me we must do this to reduce our tax bill. Did I mention that the flat sits between the kebab shop and the barbers shop? There is also a Halal takeaway nearby too, aren’t I lucky?Needless to say that Harriet isn’t happy about the imminent move and is currently not talking to me. I did suggest she move in with her dad as he has a spare room which will give her more room and also is right next to the OU. This apparently is out of the question even though Chris would love to have her and she now thinks I don’t want her to live with us which is not the case. KIDS!!!!!!!
I am trying but struggling to stay positive. On a happier note, we are off to Spain on holiday next Wednesday. Phil has booked cheap EasyJet flights and we are staying with Mads & Steve in Mads sisters apartment. I am really looking forward to it; who knows I may not just come back.
Happy days.
1 comment:
Happy birthday Phil sorry i missed it, I’m trying to forget mine as well now though, nice apron by the way no wonder you wanted Clare to do a blog.
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