Moving House Archives - Fife Properties
Fife Properties

DECLUTTER FOR GOOD: Start Your 2021 With A Room By Room Reset (4 min read)

The weeks either side of New Year always involve some sort of clearing out. Whether you’ve hosted over the season, been a guest somewhere else or stayed at home for a quiet one, there are cards, wrapping, boxes and bottles to throw out, and decorations to take down and put away. Continue reading DECLUTTER FOR GOOD: Start Your 2021 With A Room By Room Reset (4 min read)

The 2020 Review of the Fife Property Market (3 min read)

Looking back at the Fife property market for 2020, it can certainly be seen as a frenetic game of two halves, albeit with a very long half time in the spring. Between the General Election in mid-December and Christmas, many Fife agents saw an unusually higher uplift in activity in the property market just as we were Continue reading The 2020 Review of the Fife Property Market (3 min read)

Fife Properties TV (S1 EP 8) SHOULD I ACCEPT: All you need to know before taking an offer.

The market is booming, prices are rising, there’s a stamp duty holiday and buyers are out in droves: could it be any more of a seller’s market? But when I get the offer should I take it! Continue reading Fife Properties TV (S1 EP 8) SHOULD I ACCEPT: All you need to know before taking an offer.

Fife Properties TV (Series 1 EP 5) Property Market Update for Sales, Lettings and the economy.

Hosts Jim Parker is joined by Letting Agent Richard Cook and Estate Agent Jimmy Mullen to discuss this week’s news in the Fife Property Market while answering questions live on their TV show every Saturday morning @ 9.30am.

Today’s agenda in case you would like to skip to the section required is:  Continue reading Fife Properties TV (Series 1 EP 5) Property Market Update for Sales, Lettings and the economy.

Fife Properties TV (Series 1 EP 4) Property Market Update for Sales, Lettings and the economy.

Hosts Jim Parker is joined by Letting Agent Richard Cook and Estate Agent Jimmy Mullen to discuss this week’s news in the Fife Property Market while answering questions live on their TV show every Saturday morning @ 9.30am.

Today’s agenda in case you would like to skip to the section required is:  Continue reading Fife Properties TV (Series 1 EP 4) Property Market Update for Sales, Lettings and the economy.

SHOULD I ACCEPT? All you need to know before taking an offer. (5 min read)

Great news! Someone wants to buy your home, and perhaps you’ve even received more than one offer. You’ve made the step from being available to being in demand, and now it’s time to decide whether an offer is a good one – and the right one – for you. Continue reading SHOULD I ACCEPT? All you need to know before taking an offer. (5 min read)

Fife Millennials Moving Back in with Mum and Dad (3 min read)

Roll the clock back 20 years and any self-respecting late 20/early 30 something would never say on their first date that they lived with their mum and dad. It was seen as a sign of immaturity being tied to your mother’s apron strings with as a failure to leave the family home. Yet over these last two decades, the age of leaving home has been increasing steadily from 20 years and 11 months in the late 1990’s to 22 years and 7 months today.

 

However, as with all the stats, the devil is in the detail. Although the age of leaving home has only risen by 8% between 1997 and today, those that didn’t leave home in their early 20’s tended to stay much, much longer.

 

In 1997, 11.26% of 25 year old  to 34 year old still lived at home with their parents,

yet last year that had risen to 15.74%, an increase of 391,000

 ‘stay at home’ Millennials

 

However, before we deride these Millennials for still being tied to their mother’s apron strings, I would say those very same Millennials (the mid 20’s to 30-year olds) have been pragmatic, being attracted to sacrificing independence in order to achieve their long-term life goals as they have seen rents rise and an inability to save for the mortgage deposit. All of this has seen the first-time buyer levels in this millennial age range rise for the last three years … so good news for everyone!

 

However, is all that about to change?

 

Just as mum and dads in Fife had thought their late 20 something/early 30 something offspring had flown the nest, Covid-19 has blown some Fife ‘chickadees’ back into the nest. Back in March, the lockdown saw many Millennials flee the big UK cities, with their constrained and poky shared HMO’s and flat shares, swapping their city centre private rented home for their parents’ Fife home.

 

Yet with lockdown lessening, it isn’t just remote workers who are unenthusiastic and disinclined to return to the big cities (fearful of a second lockdown) – many of these Coronavirus blow-ins are deciding to stay put too! A recent YouGov poll asked Millennials of private rented homes what their plans were and 1 in 6 tenants planned to hand their notice in on their rented home and fly back to the nest of mum and dad. The advantages are quite plain, especially as it could enable them to save for a deposit to buy their future home.

 

There are 160,952 households in Fife, made up of 51,239 single person households and 102,428 family households

(the remainder being made up of shared houses etc.)

 

 

Yet how many of those Fife family households had non-dependent children before Covid-19?

 

15,958 Fife households have children

that haven’t flown the nest

 

That’s 15.6% of Fife families whose kids are still to leave home … and it’s only going to get worse!

 

So, what does this mean for Fife homeowners and Fife landlords?

 

It will mean that Fife parents and their children will get to know each other better, build stronger relationships and it will enable their children, if they are wise, to save for their deposit for their first home purchase – who knows maybe in Fife, as working from home could become the norm.

 

Also, with remote working, many tenants are looking for properties with bigger gardens which could translate into greater demand for property with bigger gardens? It will also change the property needs of those Fife parents and potentially could mean instead of those parents moving down market, they could end up staying longer or moving up market?

 

Now of course these polls could be a load of hot air? What I do know is that this thing has not played out yet and only time will tell if this will make a concrete change to the way people live, rent and buy property.

 

These are interesting times and thank you for reading this. Do let me know your thoughts on this matter.

 

What To Consider When Buying A House With Friends In Fife! (3 min read)

Buying a house with friends can be particularly popular in younger people. It is an alternative route to getting onto the property ladder that could speed up your way to property ownership. However, there are many things to consider before deciding whether or not it is right for you. Continue below to find out all you need to know. Continue reading What To Consider When Buying A House With Friends In Fife! (3 min read)

Five Ways To Refresh Your Outdoor Space For Fife Homeowners (4 min read)

Outdoor space has rarely been so prized as it is now, with searches for properties with gardens and patios now much higher than prior to the lockdown period. We have put together five simple and inexpensive ways that you can perk up your outdoor space, no matter how much (or indeed how little) you may have available. Continue reading Five Ways To Refresh Your Outdoor Space For Fife Homeowners (4 min read)

How Are Property Priorities Changing In Fife? (3 min read)

2020 has forced us to make many changes in our lives, from home working, to self-isolation, it has created a time period for us to step back and re-think what is most important to us. As life slowed down many transformed their lifestyles and now need their homes to fit into this. This drive for change has already started to be noticed by agents and property portals, with a decrease in demand for the more vanity features and an increase in lifestyle practicality. Findings from a report released by the Royal Institution of Chartered Surveyors (RICS) have also confirmed the trends. Continue reading How Are Property Priorities Changing In Fife? (3 min read)

FIND OUT HOW MUCH YOUR HOME IS WORTH

TAP HERE TO BOOK A FREE SALES/RENTAL VALUATION