News & Updates | Page 6 of 43

It’s no secret that young people in Rugeley are finding it tough to get on the property ladder. With the cost of living rising, wages staying the same, and stricter mortgage rules, it’s no wonder that fewer under-34s are becoming homeowners. But just how difficult is it, really? And is there hope for those dreaming of their own home?

Entering the buy-to-let market can be both exciting and challenging for new landlords. With the right approach, you can enjoy the benefits of a steady income and property investment. However, without proper preparation, it’s easy to fall into traps that could end up costing you time, money, and stress. To help you navigate this journey, here are six common mistakes first-time landlords make—and how to avoid them:

Have you ever considered selling your home in Rugeley? You might have felt the urge to list it at a high price, hoping for a bigger return. After all, who wouldn’t want to get the best value for their biggest tax-free investment? But did you know that this approach can often backfire? Recent data shows that since 2019, 1,751 Rugeley homeowners have taken their properties off the market unsold, with many falling into the trap of overvaluing. The common mistake of setting an unrealistic price has caused significant stress, delays, and ultimately, disappointment. So why is overpricing such a problem, and what can you do to avoid it? Let’s take a closer look.

1 in 8.8 Rugeley Home Sellers Lower Their Asking Price Every Month As the property landscape in Rugeley continues to evolve, many homeowners who have been on the market for a while find themselves navigating the complex decision of when and how much to reduce their asking prices to attract buyers. With an increasing number of properties on the market in the Rugeley area, rising from 260 in August 2022 to 361 in August 2024, the competition is becoming fiercer, making strategic price adjustments more crucial than ever. (Rugeley – WS15).

The Renters’ Rights Bill, recently introduced by the Labour Government, is set to bring significant changes to the private rental sector in England. Although it hasn't yet become law, it’s working its way through Parliament. Many landlords in Rugeley might be feeling unsure about what these changes mean for them. However, it's worth noting that many of these reforms were previously discussed by the Conservative Government earlier this year, but they didn’t make it into law before the General Election. Let’s break down the key points Rugeley landlords should know and how this Bill could affect the local rental market.