DIY Builds
DIY Builds
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The Office for Budget Responsibility (OBR) said it expects house prices to fall for the next two years, predicting a drop of 9% between now and autumn 2024. The cost of a mortgage, however, is likely to remain high. Currently rates are just above 6% – the highest since the financial crisis.
Spread peppermint oil, cayenne pepper, black pepper, or cloves around the home's exterior to prevent the rats from entering the house in the first...
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Deeper embedment will usually result in better holding strength. The hole in the fixture or material being fastened must be larger than the...
Read More »House price growth is beginning to stall. The latest data from the Office for National Statistics showed prices stayed the same between August and September 2022, and while they grew 9.5% year-on-year this is a marked increase from the 13.1% and 15.2% we saw in August and July, respectively. In addition, data from HMRC showed that while UK residential transactions in October 2022 were 29% higher than the same time last year, they were 3% lower than the month before. HMRC also warns year-on-year comparisons should be “treated with caution” because there was significant forestalling activity” in September 2021, meaning some transactions that would have been expected October 2021 were made in September and affected data for the following month. HMRC also said transactions are at a similar level as they were before the pandemic. All of this data was also collected before the mini-Budget chaos, which spiked borrowing rates. It also doesn’t account for 6% mortgage rates, so it might be months before we know the true effect of this on the property market. In the longer term the market will also have to contend with the changes announced to stamp duty cuts by chancellor Jeremy Hunt in his autumn Budget. However so far the data concurs – UK house price growth is slowing down, which could make buyers question whether now is the best time to buy a house. How are house prices faring in London? Analysis by Bloomberg News of data from UK Land Registry in the 12 months through July showed the east London borough of Barking and Dagenham is the only remaining London borough where house prices in the resale market have increased by double digits. The 10% increase could be because of the opening of a new train station over the summer, which connects the borough to central London. The average price for an existing home in Barking and Dagenham was over £377,000, compared to £341,900 a year before. Data from online real estate platform Rightmove showed overall average asking prices in London fell by almost 1.9%, or nearly £13,000, in October compared to the year before. “The plethora of predictions about what might happen to prices next year comes at a time when much is still uncertain, but what is certain is that the exceptional price growth of the last two years is unsustainable against the economic headwinds and growing affordability constraints,” said Tim Bannister, Rightmove’s director of property science. “The frenzied market of the past two years has turned into a more normal market more abruptly and less smoothly than we were expecting.” What will happen to house prices? The Office for Budget Responsibility (OBR) said it expects house prices to fall for the next two years, predicting a drop of 9% between now and autumn 2024.
As an apex roof helps to make a building taller, it is ideal for turning your shed into a workshop. It provides more headroom in the centre so you...
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The Perks of Building A Shed If you've been wondering is it cheaper to build your own shed, you'll discover that yes, it is less expensive to build...
Read More »age 65 or older The Homestead Exemption is a property tax reduction available by application to seniors (age 65 or older) and the disabled (permanent/total). In 1970, Ohio voters approved a constitutional amendment permitting this exemption that reduced property taxes for eligible lower income home owners.
It might seem easier to place a shed directly on the ground, but that's a bad idea for two reasons. First, the build site should be a level surface...
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But you can delay the greying process by using UV-resistant wood finishing products and keeping the finish of your exterior wood in good condition....
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But it turns out that pallet wood can often be contaminated with toxic chemicals, harmful bacteria, and other icky bad stuff you certainly don't...
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“You can't get sick from being cold in general, whether you are outside or inside,” Fecher says. Dec 5, 2017
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