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Common Questions During Short Let Valuations

Valuations

Valuations determine a building’s monetary value and are done for both sales and lettings properties.

Valuations allow us to determine what the property is worth, as a whole or on a nightly basis (depending on whether it is sales or lettings), but they also give both parties a chance to ask any questions about the property, the process or to raise any concerns they may have.

Below we list some of the most common questions that are asked during valuations across our short-let properties.

What would you need me to leave?

Your home must be fully furnished and have everything that is needed for a short-term stay. We have a list that we send to you of all of the essential items. This includes kitchenware e.g. pots, pans and utensils, plates, glassware, hoover, and cleaning items such as a dustpan and brush, mop and bucket etc. 

Do I leave bedding and towels?

You will need to supply a duvet, mattress protector, pillows and pillow protectors but we provide the bedding, e.g., the duvet cover, sheets and pillowcases and bath and hand towels.

Who does the photographs?

Either our in-house photographer can take the photos or we can pay for them to be done by a professional photographer. We recommend professional photos on the basis that the average user on Airbnb takes 11 minutes and 31 seconds to book a property, so your property needs to stand out from the crowd.

Who sorts issues/fixes things? And how are these paid?

We have handymen who can come and fix any issues from wobbly toilet seats to broken beds. We always ensure that these are dealt with as quickly as possible to reduce any stress or inconvenience for guests.

As well as this, we have a list of vetted plumbers and electricians should we need to use them.

The cost of repairs and/or maintenance will come out of your settlement statement. However, these will all be approved by you first and if it has been a guests fault, we will do all we can to recoup the costs.

How involved in the process do I have to be?

We take care of everything, from setting up your property profile with professional photographs right through to ensuring guests enjoy their stay and everything that happens in between. You don’t need to do anything once you hand the property over to us.

Are there call-out charges?

Nope! One of the advantages about using Hopewell, is that we are a Bristol based company, so we’re always on hand for any issues that arise, whether that is in office ours, in the evening or over the weekend.

How long until my property can go live?

Your property can go live as soon as you are ready and is led by your schedule. We can get your property set up and live in as little as 24 hours on both our website and Airbnb.

When will I get paid and how?

You will receive payments on the 7th of every month and this will be for all bookings from the previous month.

Who will the guests be?

Guests can be anyone! Business travellers, tourists, even Bristol residents during their house sale. 

Can I use the property still or are there restrictions?

There are no restrictions as such, all we ask is that you honour any bookings that are already in place and provide as much notice as possible if you are wanting to use the property.

What let type best suits my property?

This depends on your situation and how long you are wanting to let it for. We may recommend going down the mid-term route if you only wish to let for 2-4 months. If longer, short-term may best suit your requirements. However, we can do a combination of both to hopefully ensure maximum bookings and profit!

So, if you’re thinking of getting your property ready for the short lets market, we hope that we’ve answered some of your questions and concerns. If you’re ready to start earning money through your property, get in touch today for a free valuation!

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The Benefits of Tenants Insurance

Tenants insurance

When renting a property the last thing tenants think of is taking out tenants insurance.

For many tenants, when they think about issues that may arise at their rental property they assume that resolving and/or fixing these issues is solely the landlord’s responsibility. However, this is a myth. 

It is a landlord’s responsibility to insure their property and take care of the bricks and mortar, but they aren’t responsible for insuring your belongings. Therefore, it is a tenant’s duty, if they wish, to ensure their possessions are protected against loss, damage, or theft.

Below we explain what tenants insurance is and the benefits of taking out this type of coverage.

Do you need insurance?

It isn’t often a requirement but you may find that your tenancy agreement states that having this type of cover is mandatory. Make sure you read through your agreement thoroughly and comply with your landlord or lettings agency. Failure to do so could result in you being in breach of your tenancy agreement.

Having insurance can also give you peace of mind. Losing your possessions to fire, flooding, or burglary can be devastating. By taking out contents insurance you can rest assured that if you were to lose anything it can be replaced and it isn’t you that has to take the full financial blow.

The cost of having to replace even a few items can quickly add up. By paying a small monthly fee for insurance, you could end up saving yourself a lot of money should the unforeseen happen.

So, what’s covered in tenants insurance?

Tenants insurance will cover the majority of your belongings in the event of flooding, fire, theft, or accidental damage. However, many policies also cover the following:

  • Furnishings and appliances that belong to the tenant
  • The loss or theft of keys to the property and the cost of having an alarm system fitted and locks changed
  • Any cash of credit cards stolen from the property
  • A set amount to cover spoilt frozen food as a result of an incident such as a powercut
  • Accidental damages to electrical items, such as TVs, tablets, and phones
  • Alternative accommodation if an incident such as a flood or fire causes the tenant to move out for a period of time

It could also be worth getting accidental damage insurance if you are renting, which can also be called tenants liability cover or tenants’ contents policies. This covers accidental damages to your landlord’s property/its funishings, for example spilling wine on the carpet.

Liability cover can also pay out for some of the most common reasons a landlord may deduct money from your deposit. Your landlord will expect the property and what is within the property to remain in good condition, however, accidents happen and this is when having liability insurance can come in handy.

It is worth noting that liability insurance will not cover damages that are caused by wear and tear or anything that has been damaged on purpose by you, your housemates, or guests.

Can I get insurance as a student?

If you’re heading off to university, you may want to protect your belongings, which you can do through students’ contents insurance. There are many policies out there but before you decide on one there are a few things you should check. For example, you may be covered by your parent’s home insurance, or if you are living in student halls, contents insurance may be included in your accommodation costs.

In summary

It is important to remember that even though you are renting from a landlord or lettings agency, it is not their responsibility to insure your belongings. Protecting them against unforeseen events such as flooding, fire, or theft is up to you. And if you are already considering taking out tenants’ insurance, it may be worth adding on liability insurance to cover the cost of any accidental damages that may occur throughout your tenancy. Top tip; remember to report or note down any damages that occur, whether caused by you or someone else, as soon as possible.

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How To Be A Successful Student Landlord

Student landlord

As a student landlord in the UK, success can be achieved by providing reliable, affordable, and secure accommodation to your tenants. Students need a welcoming and comfortable environment to thrive in their studies, and as a landlord, your role is to ensure that your tenants have everything they need to succeed. Below are some tips to help you become a successful student landlord in the UK.

Location, location, location

One of the most critical factors for students when choosing accommodation is location. Most students prefer to be close to their university, so finding a property within a reasonable distance is key. Research the local area and find out which universities and colleges are nearby.

Safety and Security

Safety is a top priority for all students, and as a landlord, it is your responsibility to ensure that your property is secure. Most students will have moved away from home for the first time and it can be a daunting experience. Make sure that all windows and doors have sturdy, working locks and that there is adequate lighting outside the property. You may also want to consider installing an alarm system for added security.

Furnishings and amenities

Providing comfortable and functional furnishings can make all the difference to your tenants. Students need a good quality bed and matress, a desk, and a comfortable chair to study in. You should also consider providing a washing machine, dryer, and dishwasher if space allows. High-speed internet and a reliable heating system are also essential amenities for students.

Maintain good communication

Maintaining good communication with your tenants is crucial to building a positive relationship. Respond promptly to any queries or issues that arise and be clear and upfront about any changes to the tenancy agreement or rental payments.

Keep your property well-maintained

Regular maintenance of your property is essential to keep it in good condition and prevent any major issues from arising. Schedule regular inspections and repairs as needed to keep your property in tip-top condition. This will help to keep your tenants happy and your property well-maintained.

Understand the legal requirements

As a landlord, you have legal obligations that you must adhere to. These include providing a safe and healthy living environment, protecting your tenant’s deposit, and ensuring that the property meets minimum energy efficiency standards. It is your responsibility to ensure you understand your legal obligations and always comply with them.

By following these tips you can become a successful landlord here in the UK. Providing comfortable, affordable, and secure accommodation for your tenants is a top priority, and by doing so, you can build a positive reputation to attract future tenants. Remember to keep communication open and maintain your property to a high standard within its legal requirements, and you’ll be well on your way to success!

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5 Benefits of Working with a UK Property Agent

Property Agent

Working with a property agent in the UK can provide several benefits for both buyers and sellers. Property agents are filled with expert knowledge and local insight, if you’re going to seek advice and guidance from anyone, it should be a property agent. Below we will discuss some of the top advantages of working with a property agent in the UK.

Expertise and Local Knowledge

Property agents in the UK have extensive expertise in the local property market. They have in-depth knowledge of property prices, trends and local regulations, which can be extremely helpful when buying or selling a property. They can help buyers find the right property that meets their needs and budget and help sellers determine the best price for their property based on the current market conditions.

Good local knowledge is vital, especially when it comes to valuing a property or discussing the benefits of a location. This can help to ignite interest within potential buyers and becomes essential when dealing with queries raised by purchasers and their advisors.

Wide Range of Properties

One of the main benefits of working with an agent is that they have access to a wide range of properties that may not be available to the general public. Property agents have an extensive network of contacts, including other agents, property developers, home seekers, and first-time buyers, which allows them to find properties that meet the specific needs of their clients.

Time and Convenience

Buying or selling a property can be a time-consuming and stressful process. Property agents can take on much of the legwork, from handling viewings to negotiating deals and everything in between. This can save a significant amount of time for both buyers and sellers, who can focus on other priorities while the agent takes care of the details.

Marketing and Advertising

Property agents have access to a variety of marketing and advertising tools which can be used to promote a property to potential buyers. This can include online listings, brochures, and open houses. They can also provide advice on how to present the property in the best possible light, which may include staging and minor home improvements, which can help to attract more buyers and achieve a higher sale price.

Websites such as Rightmove and Zoopla are commonly used to market properties by agents and these can help to gain interest from people far and wide. Over 42% of the UK popualtion visit Rightmove every year, so whether you are a buyer or a seller, utilising these sites is a must.

Negotiating and Legal Expertise

One of the most challenging aspects of buying or selling property is negotiating the best deal and navigating the legal complexities of the process. Property agents have experience in both of these areas and can provide invaluable advice and guidance throughout the transaction. This can help to ensure that the deal goes smoothly and that both parties are satisfied with the outcome.

Working with a property agent in the UK can provide numerous benefits, from expertise and local knowledge, access to a wide range of properties, time and convenience, marketing and advertising, and negotiation and legal expertise. Whether you are buying or selling, a property agent can help make the process smoother and more successful.

Interested? Then why not get in touch to discuss how Hopewell can help you with your property agent requirements, here in Bristol.

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How to Navigate the UK Property Market as a First Time Buyer

How to navigate the UK property market as a first time buyer

The UK property market can be a challenging and confusing place for first time buyers. With so many options available on the market, it can be difficult to know where to start.

But with the right approach (and a couple helpful tips), you can find the perfect home for you. Below, we’ve outlined some of the key steps you should follow when buying your first home in the UK.

Determine your budget

Before you start searching for homes, it’s crucial to determine your budget. Consider factors such as your income, savings, and any potential mortgage repayments. This will help you get a good idea of what you can afford and where you should start looking.

This would also be a good time to take a look at your credit score. Your credit score can determine your ability to secure a mortgage so it’s really important. Head to websites such as MoneySuperMarket, Experian or Clearscore to check your credit score for free.

Get a mortgage pre-approval

Before you start viewing homes, it’s a good idea to get a mortgage pre-approval. This will give you an idea of how much you can borrow, help with budgeting, provide negotiating power, and what the repayments will look like.

At Hopewell, we advise you to engage with a mortgage adviser early on in your property search to help give you certainty about your acquisition budget and long-term affordability. Click here for more buyer information.

Find a reliable estate agent

Estate agents can be a valuable resource when looking to buy a home due to their knowledge of the property market. Look for an estate agent who has experience in the area you are interested in, great local knowledge, and one who you feel comfortable communicating with. They can help you find properties that meet your needs, arrange viewings on your behalf, and negotiate the very best deal.

Research the market

It’s important to do your research and stay informed about the latest trends and market conditions in the areas you’re interested in. This will help you make informed decisions about what to look for when viewing homes and what offers to make.

Things to consider are location, schools, amenities, future developments, and transport links. Anything that is a good fit for your lifestyle and needs.

View multiple properties

Before you make an offer, it’s essential to view multiple properties. This will give you a good idea of what’s available in the property market and help you to compare. Be sure to take your time, ask questions and make detailed notes of each property.

Making an offer as a first time buyer

Once you’ve found a property you like, it’s time to make an offer. Your estate agent will be able to guide you through this process, but be prepared to negotiate. It’s important to remember that the first offer is often not the final offer and that there may be room for negotiation.

You should…

  • Know your budget
  • Be ready to make quick decisions
  • Do your property market research
  • Be prepared to negotiate

Get a professional survey

Before making an offer, it’s important to get a survey of the property. This will give you an idea of any current or potential issues with the property, giving you peace of mind. It can help you make an informed decision about whether to proceed with the purchase or be a great negotiating tool.

Once your offer has been accepted, it’s time to finalise the purchase. This involves hiring a solicitor, exchanging contracts and arranging a completion date. Your estate agent and solicitor will guide you through this process from start to finish.


Buying your first home in the UK can be a complex and challenging process, but with the right approach, you can make it a success and hopefully as stress-free as possible. Be sure to take your time, do your research, and seek professional advice when needed. With these steps in mind, you’ll be well on your way to finding your dream home. Good luck!

If you are wanting further advice on purchasing your first property, or perhaps you’d like to talk through your options, please get in touch with one of our team at 0117 911 8663 or register with us here.

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7 Landlord-Approved Hacks To Decorate a Rental Home

Decorate home, funiture, plants,

Your home is an extension of who you are. The choice of paint, trim, and decorations are all reflective of a homeowner’s personality. 

Unless, of course, you’re living in a rental home. There’s considerably less freedom to customise when you’re living in a let. Most agreements prohibit tenants from making major changes or drilling holes through the wall. And there is some decor that even the strongest adhesive can’t hold up.

But that doesn’t mean you can’t decorate and have to settle for dull and drab. Here are 7 renter-friendly hacks for bringing your rental home a little closer to the Pinterest home of your dreams.

Decorate Your Floors

When you enter a room, the first thing you notice is typically the wall decor–maybe it’s a bold and brash painting, or an intricate work of macrame art. Or perhaps an ostentatious piece of furniture that draws your eye first, big and commanding in the middle of a room.

Walls and furniture often take centre stage because tenants gloss over flooring. Yet floors are as much of a blank canvas as your walls. And there are many ways to bring it to life–without using a drop of paint or leaving behind residue that’ll break your tenancy agreement.

Rugs and runners come in different shapes, sizes, and materials. If you’re on a budget–and large area rugs can get expensive fast–you can layer several smaller pieces to add character to your plain floors.

Add Depth With Floating Shelves

Just because you’re renting doesn’t mean you can’t decorate and walls have to be kept bare. While drilling is prohibited for many lets, you can get around the restriction with floating shelves. 

Many floating shelves can be affixed using a strong adhesive, which kits should already come with. You can even install shelves with exposed brackets. Normally you’d need screws to mount these, but non-damaging adhesive wall screws can do the job as well without making holes.

These renter-friendly fixtures are usually decorative and can only bear the load of a few ornaments. But that’s okay. Like rugs, you can stagger floating shelves in different configurations to maximise the available space.

Decorate with Your Memories

Removable wallpaper can still feel like too pricey of a job for renters, especially if you’re only staying for a short period of time. It also doesn’t stick as well on textured walls, like brick. Depending on the quality of the panels, you might end up with wallpaper that leaches toxic materials, or are fire hazards.

A safer and more affordable way to spruce up walls without repainting or covering the whole thing up with wallpaper is through collages. Lain out gallery-style, photo walls add a nice personal touch to your space. Check out some affordable tricks to bring your own photography into your home.

You don’t need frames if you don’t have them. Neither will you need nails. Using bare photos gives wall collages an eclectic and crafty vibe. Plus, card stock weighs next to nothing and can easily be mounted using removable adhesive like Blu Tack.

Small Touches, Big Impact

When you decorate a space, it can be easy to get lost in the big projects like installing wallpaper or swapping out furniture pieces. But in interior design, even the more understated elements of a space go a long way in tying an aesthetic together.

Some effortless ways to bring your personality to your home without breaking the bank: throw pillows, curtains, and couch blankets. Curtains are relatively easy to install, and come in a limitless array of designs. Throw pillows make even old and generic sofas look cosier. Drape a blanket over it, and it’ll look like a piece straight out of a lifestyle magazine.

Ornaments are also key for curating the essence of your chosen aesthetic, whether it’s the free-spirit of boho or the edge of industrial. Place knick knacks strategically on coffee tables and end tables. Take photos and keep an inventory of existing decor so you can stay on-theme when you shop for new items.

Clever Small Space Solutions

Without the ability to add built-in closets or overhead cabinets, renters have limited storage to work with. Fortunately, you can carve out a lot of new space in your small flat with a little bit of creativity. 

Position furniture at an angle near the corners of your room. Use the space behind it to store organisers and boxes. Use multipurpose furniture, like coffee tables and ottomans that double as storage spaces. Skirted tables look good, let you cover a table you may not like, and give you an accessible space for stashing your stuff. If your closet’s starting to clutter, freestanding rails will make your flat look like a high-end boutique while giving you more room for next season’s outfits.

If you’re fond of having friends over, small flats can feel limiting. But with convertible and expandable furniture, you can entertain groups without having to buy large tables or more seating. Nested tables offer more dining space. Convertible sectionals can transform your living room into a guest bedroom when needed.

Open Up Spaces With Mirrors

Walls can make a space feel claustrophobic, especially when it’s found between two open areas, like your living room and kitchen. Homeowners typically deal with that problem by knocking it down.

Unfortunately, a major remodelling project is not an option if you’re renting, but what you can do instead is play with mirrors. Mirrors, when placed strategically, can create the illusion of space and make rooms seem bigger and brighter.

If making things bigger than they appear is the goal, choose oversized mirrors with simple frames. Ornate frames can make a space look more cluttered. Place them at eye level and near light sources like windows and lamps; the reflections will give the room an airy, spacious vibe.

Illuminate With Chic Lighting

Stock lighting for lets is often–to put it simply–hideous. Many landlords don’t put much thought into lighting beyond basic ceiling lights. Many renters accept it as part of living in a rental because contracts often prohibit rewiring.

Yet there’s a world of possibility between the unsightly bulbs your flat comes with and the elaborate fixtures you see on Pinterest. Renters can revamp and light up a room without picking up a single tool. 

Floor lamps are both functional and decorative. If you’re limited on floor space, consider tucking them neatly against corners to brighten the perimeter of a room. You can also place small lamps on your shelves and end tables to chase away dark spots and create cosier task areas for work or study. If lamps are too much for your decorating budget, you can get creative with cheaper fairy lights and plug-in lights. For ugly ceiling lights, out of sight is out of mind–especially with beautiful DIY lampshades and covers.

As limiting as your landlord–and budget–can be, you can still make a rental home feel like your own. All it takes is a little time, creativity, and clever placement.

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10 Budget Friendly Christmas Decorating Tips

It’s the most wonderful time of the year aka the countdown to Christmas and you’re probably planning on how you are going to decorate your home for the next month (if you haven’t already had your tree up since mid-November that is). However, you can get oveerwhelmed with choice and with many of us feeling the pinch this winter, we’re looking to keep costs down as much as we can.

However, this shouldn’t stop you from decorating your home and with a little imagination and some crafty DIY, you can have the place ready for the holidays in no time, even on a budget!

1. Go through what you already have

It’s easy to get swept into the idea of needing new decorations, we get it. Shops are filled with an abundance of sparkly lights, shimmering baubles, and frosted 6ft trees but remember that you decorated your home this time last year just fine, so dig them out of the loft or cupboard and hunt through what you already have. 

This is a great time to check for lights that no longer work, your fake tree isn’t missing any branches or if you’ve recently moved home, if you can find the tree entirely!

2. Think about what rooms you need to decorate

Have a think about what rooms you’ll be entertaining in during December. If you’re not hosting this year, how about just decorating your living room with a tree and some ornaments, to create a cosy, festive atmosphere.

And if you have an open plan living area, try putting up a few statement pieces throughout, instead of turning the whole space into Santa’s Grotto (unless you want to of course).

3. Less is more

Remember, you don’t have to decorate your home to the nines to make an impact. Finding a few key pieces can go a lot further than placing something sparkly in every corner of the room. And if you have a small space, adding lots of pieces can make the area look cluttered, so as mentioned, think about adding 1-2 statement pieces instead.

4. Decorate with foraged greenery

Pop on some walking shoes, grab some scissors, and get out in nature to forage some greenery. This one also doubles up as a budget friendly winter activity to do with friends or family.

You want to look out for holly, fir, spruce or willow trees, branches and pinecones. You can then make your own wreath, garlands for your stairs, table decorations and much more. Check out Pinterest for inspiration. 

If you wanted to invest in some dried eucalyptus. Which you can pick up from most florists and some supermarkets. It will last you years and make for a great table centrepiece, plus it will smell amazing in your home.

5. Christmas wrapping

Christmas wrapping paper can add up if you’re buying for lots of people, not to mention the sustainability factor of wrapping paper.

Buying a big roll of brown craft paper is a great way to save money and it can be recycled. You can then spice it up with different ribbons/string, add your own DIY tags, pinecones, bows etc. and completely customize your wrapping cheaply.

6. Choose a colour scheme and stick to it

It’s easy to want to add pops of colour through Xmas decorations and if they work with your current decor then by all means go ahead and make Christmas colourful.

But, if you want something that will last you years, that you can take from one home to another, try sticking to neutral tones such as golds and silvers. These will work with any room and make it easy to add things to the collection in the future.

7. Can you make something instead of buying it?

We understand that not everyone has an artistic side and making your own decorations or ornaments isn’t everyone’s cup of tea.

However, there are so many things you can make at home for Christmas such as a wreath (which can be pretty expensive to buy), you can spray pine cones with fake snow and tie on some string to make a garland or for table placements or centrepieces. Check out some ideas here.

If you have littles ones, why not get some clay and cutters or slice and dry out oranges to make your own tree decorations. As well as being cost effective, this is also a great festive activity to do as a family.

8. Tap into the other senses

Instead of only thinking about what visually looks good, tap into the other senses such as smell with scented candles, tree scent sticks, or add sprigs of rosemary or thyme to napkin holders or gift tags.

Adding cosy Christmas themed cushions and throws to the sofa is another great way to add festive touches and as the months get colder, we can never have to many throws. You can pick up some great ones from IKEA, Primark, supermarket home sections etc.

And finally, playing Christmas songs is a sure fire way to get people who enter your home in the festive mood!

9. Real vs fake

If you need to buy a tree, decide whether you need a real tree or whether you could buy a fake one that’ll last you years. Fake trees look great nowadays and can help you save money in the years to come.

If you don’t have the space to store a fake tree come January, make sure you hunt around for the best deal when it comes to real Christmas trees.

10. Two words, fairy lights!

Fairy lights are a great way to add sparkle to any room or space. You can purchase them from almost any homeware shop, supermarket, IKEA etc. and they are fairly versatile. Fairy lights can be battery powered or plugged into the mains, so if you wanted to add lights to an awkward area, use batteries and keep plug-ins for the tree.

Lights also come in a multitude of colours, cool or warm tones, ones that twinkle and even lights that flash to the sounds of jingle bells – crazy!

So there you have it, some tips on how to save some pennies this Christmas when decorating your home. No matter whether you’re a homeowner or you rent a space, you can ensure it gets the festive touches it deserves, even on a budget.

If a winter vacation isn’t in your budget either this winter, then why not book a staycation in Bristol? Check out our short let properties here.

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How to Make Your Rented Space Feel Like Home

Over the last few years the majority of us spent more time at home, giving many time to rethink their home decor and getting their DIY on. But for those who live in a rented space it can be difficult to put your stamp on it and create somewhere that really feels like your home. 

Below are some tips on how to make a rented space feel like yours without breaking the bank or the terms within your contract.

Fill the space with plants

Purchasing plants and flowers to fill your space is a great way to make it feel more homely. Not only do plants look great, but they also help to clean the air and remove toxins. There are some beautiful plant shops within Bristol, check out Fancy Plants, Sprouts of Bristol, Mila, and Bush Bristol.

Having the colour green in your home is also proven to promote feelings of peace, relaxation, growth and can help with stress relief. Discover more about introducing shades of green into your home here.

No good at keeping plants alive? Check out this list of hard to kill plants.

Buy soft furnishings

Another quick way to create a homely vibe within your space is through comfy cushions and cosy throws! There are so many colours, fabrics and textures to choose from, so even if you are playing with neutral tones or bright pops of colour that may already be within the rental space, the possibilities are endless.

You can pick up great cushions and throws from most supermarket home aisles, or shops such as Dulemn, Homesense and Ikea.

Artwork

Picking up a few prints is a great way to transform a space, add colour and personality to a room. If you’re worried about putting holes into the wall try using Command Strips or place pictures and frames on side tables, dressers, shelving units or even on the floor if you have a larger piece.

Lighting

Having too much light in a room can make it feel oversaturated, but too little light and the space can feel gloomy. Even the best-styled room can look flat if the lighting is inadequate. Try a mix of floor lamps, table lamps and even candles to transform a space or adding different types of bulbs to existing light fixtures.

Mirrors are also perfect for reflecting natural light around a room, this is great for smaller spaces and can make them feel brighter and airy.

Accessorise!

Accessorising is a quick way to transform any room, space or corner. This could be through soft furnishings, candles, photos, vases, decorative accessories or rugs. There are some great independent shops in Bristol where you can buy beautiful home accessories such as Mon Pote and Fig1.

Or check out a local charity shop or vintage store to pick up some quirky, budget friendly home accessories.

Photo: Mon Pote

Get creative with storage

Rental properties can often lack storage, especially if it’s a studio or small flat/apartment. This can lead to clutter and make a space feel smaller, but you can quickly improve this by purchasing storage furniture, using nice looking storage boxes as side tables, hooks for the back of doors, or getting decent underbed storage or wardrobe organisers.

Get painting

Another great way to transform a room is by painting it a different colour, it can do wonders! If you’re dealing with a small space, try using lighter shades, if it’s a large room, have fun and choose a bright colour or darker shades for optimal cosy vibes.

However, if your landlord isn’t keen on the idea of you painting the walls, switch things up and paint a few items of your furniture in accent colours to help make a room pop!

So, there you have it, our top tips on making any rental space feel more like yours. The space you live in should feel like home as much as possible, no matter if it is your own property or not and this can be achieved by implementing a few of the above tips.

If you are currently looking for your next rental, whether this is mid-term or long-term, get in touch or check out our current properties over on our website.

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Long Term vs Short Term Lets: What’s the Difference?

As a buy-to-let landlord, one of the key decisions you’ll have to make is whether to let your property long-term or short-term. 

Profit, of course, is the factor that drives this decision. However, calculating which type of letting will be more profitable is a bit more complicated than just looking at the average earnings of long-term and short-term rentals.

The revenue a property will generate is dictated by unique factors such as location. Your own needs and capacities as a landlord will also factor into how you’ll lease out your property. Short-term and long-term lets both have pros and cons that will make each type more or less suitable for your investment portfolio.

To help you decide which one is right for you, let’s first break down the advantages between short, medium, and long term lets.

What Is A Short-Term Let?

A short-term let is a property that is rented out to tenants for a period of ninety nights or less. The period can vary based on local council regulations. The only area with a hard limit is London, which caps short-term lets at ninety calendar nights a year. These types of properties usually cater to holiday makers.

Advantages

Higher Profit

It’s not hard to see why more than 2.7 percent of the UK’s landlords have moved to the short-term letting market. The rapid growth of platforms like AirBnB and Booking.com is proof enough there’s serious money to be made in these lets. Properties can earn thrice as much when leased for the short-term.

Flexibility

Short let properties give you tighter control over who leases your property and void periods. This ability will be especially appealing for landlords who are letting holiday homes they plan to occupy themselves during certain parts of the year.

Faster Tenant Turnovers

Difficult tenants are a landlord’s worst nightmare. In London, rogue tenants can leave behind an average of £41,358 in damages. With short-term lets, getting stuck with a bad tenant is less of an issue. Even if you do find yourself with a difficult tenant, you’re won’t be legally bound to put up with them for more than a few weeks or days.

Disadvantages

Unpredictability

Short-term lets pay out more per day. However, the trade-off for such high yields is stability. You may find yourself in prolonged void periods, especially if your rental is in a holiday destination where demand is seasonal.

Higher Maintenance Costs

Holiday makers may not be the most conscientious tenants. As they’re only residing in a property for a few weeks–even days–they may not be as careful with your facilities as long-term tenants. Faster turnover also means your rental will need to be cleaned and checked for damages more frequently.

Requires More Effort To Manage

Landlords of short let properties will constantly be managing the flow of tenants. You’ll either find yourself fielding questions about the property, or assisting current guests. Landlords managing multiple properties or who buy-to-let for passive income while working a full job may struggle to give tenants the attention they require.

What Is A Medium-Term Let?

Medium-term lets are a happy middle ground for landlords. Like short lets, medium lets are fully furnished and have utility bills baked into the rates. These homes are ideal for professionals looking for accommodations while on temporary work assignments, or families who are renovating their homes and need a place to stay in the interim.

Advantage

Flexible Yet More Manageable

Medium lets are ideal for landlords who want to reap higher yields and while minimising maintenance duties from quick turnovers. The tenancy duration of a medium let can last anywhere from a month to 8 months.

Disadvantage

Smaller Demand

Short lets have holiday makers and weekend warriors, and long lets have families looking to settle down. Looking for tenants for a medium let is trickier. The variability of the tenancy periods and demand can make it difficult to effectively plan against vacancies.

What Is A Long-Term Let?

Long-term lets are properties that are rented out for longer than 6 months, although typically landlords set the minimum lease period to a year. Long-term letting is the traditional model in the buy-to-let industry, and attracts families and individuals looking to put down their roots.

Advantages

Steady Source Of Income

Stability has always been the main draw of long-term lets, making it ideal for landlords working full time elsewhere. On average, private renters live in homes for 4.3 years. Given a healthy portfolio of long-term lets, landlords can establish a very lucrative source of passive income. Landlords won’t have to chase after payment, as these are required to be taken by standing order at a set date every month.

Takes Less Effort

With long-term lets, much of the daily maintenance and upkeep falls to the tenant. Barring any major repairs for structural damage and wear and tear, it’s up to renters to keep the property clean and livable. Landlords also won’t have to communicate with a stream of changing guests.

Easier To Secure Financing

If you’re planning to take out a mortgage for a buy-to-let property, the only choice you may have will be to rent it out long-term. Because of their riskier and less stable nature, many lenders still hesitate to approve loans for short-term lets. Some banks consider listing a property on AirBnb a breach of contract for residential mortgages.

Disadvantages

Lower Yield

Once the i’s have been dotted and the t’s have been crossed, rates are locked in place for the rest of the lease period. You’ll be unable to increase rent even if market rates rise in your area. Rates are also simply lower for long-term lets, 

Risk Of Bad Tenants

Long-term contracts will be hard to break. The process of evicting a difficult client can also be a drawn out and expensive affair. Even tenants who refuse to pay rent can take months to legally remove from a property; you’ll be paying mortgage and utilities in the meantime.

More Paperwork

Individuals and entire families call long-term lets home for years. Landlords of these properties are bound by more regulations that were established to protect the safety of both tenants and landlords. Legally, landlords must pass inspections, secure certain safety certificates, and register a tenant’s deposit under one of the government’s approved schemes.

Across the UK, rental rates continue to rise for short-term and long-term lets alike. Landlords can further capitalise on the industry’s growth and maximise their profit by choosing the rental property that fits their needs and capabilities.

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Top Interior Trends of 2022/23

Hopewell Interior Trends 2022 and 2023.

Whether you’re a landlord, homeowner, or tenant, interior design has a big part to play in making your space feel like your own. From attracting potential tenants, impressing your new neighbours at your housewarming party or looking for ways to make your rental feel more like home. We have a breakdown of the current interior trends, as well as a forecast of what we suspect will be on-trend in 2023 to help you plan ahead. 

More is more

In recent years the ‘less is more’ minimalist style has been overwhelming the interior design industry. But the people have said: “enough is enough”.

After living in lockdown, this year has seen an explosion in the maximalist approach. Where people are reclaiming their space, now there are no limits to what you include in your design.

Since spending more time at home, people began understanding the need to have more things in one space, creating multifunction spaces, and beginning to incorporate these into their layout. This maximalist approach allows people to have their comforts and practical items in one place whilst styling around them. 

We have seen an increase in shelves and storage units being introduced into shared spaces, the introduction of broader and bolder colour pallets, and mixing and matching patterns and materials. In short – forget the rules and do what your heart desires. 

Consider your space 

As mentioned, the introduction of multi-functional spaces recently overtook the interior design priorities, becoming an essential part of people’s lives during the pandemic. Working from home caused us to adapt and use the room around us and use space more flexibly. Due to this, people began introducing collapsible desks, room dividers and extra storage spaces to help adapt to working in their usual living spaces. 

Now we are returning to the office, and working from home is something we have an option to do, it’s the perfect time to plan a multi-functional space you feel comfortable in. Take time to design a space which works with the rest of your decor and that you are happy to step into when hard work comes knocking. 

Be aware of your current space and consider how storage can be introduced. Look into shelves that work with your current flow or ottomans and storage boxes that can have dual purposes. You may also consider introducing soft furnishings such as rugs to help separate areas and give them their own personalities.

Self-spaces 

Self-spaces have become important to people across the globe. As people began to dedicate space in their homes to accommodate them working from home, they also decided to dedicate a room to take care of themselves and introduced ‘self-spaces’. These areas are designed to help you escape from the noise and give you a chance to spend time on some self-care. 

These spaces are entirely up to you to design, as it should be a space where you feel most comfortable. So whether that looks like pink and whites, soft furnishings and fairy lights, or dark greens, filled with plants and wall art, make it your own vibe and create a space where you can unwind and relax. 

Sustainable 

It’s 2022, and we’re taking a step in the right direction by moving more and more towards sustainable living. This has been reflected in our homes as the biophilic design takes over the world of interior design and social media. People are using plants to create a natural space where you really feel at one with nature. Introducing raw materials like softwoods and an earthy colour palette helps bring the look together. 

Another sustainable trend we’ve been seeing a lot of is upcycling and reusing old objects and furniture rather than contributing to the old-minded throw-away culture. Whether you own something that could use a new lease of life, or you need a new item and vote for a trip to the charity or second-hand shop rather than ordering it online. It all counts towards the sustainability of the planet. 

Loud and Proud 

As we move into 2023, we expect to see more bold and statement pieces in home design. As seen this year, there has been a lot of use of bold retro ’70s colours thrown into the mix. Interiors are becoming bolder and more adventurous with vibrant primary and pastel colours in colour-block designs, paired with clashing patterns. Although this has been growing in popularity in bedrooms, we see it making a huge move even into shared spaces. Colourful kitchens, painted doors and floors will be at the top of the list in 2023. Add bold details like mood lights and statement mirrors to complete your design and put your mark on the space.

Stay up-todate!
For more on interior trends and design inspo, follow us on our socials @hopewellbristol 

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Property Jargon Busters: Top 12 terms you should know!

Property

Are you looking to rent or become a landlord and are having difficulty understanding the property expert jargon? If you’re finding yourselves overwhelmed or confused by the terminology, and are struggling to move forward with your move or purchase, then take a look at our jargon breakdown for some helpful information on some keywords. 

HMO 

This initialism stands for ‘House in Multiple Occupation’ and is sometimes  referred to as a ‘House Share’. This is when three or more people, who are not from the same household, live in one property and share facilities such as kitchens, bathrooms and communal areas. 

HMOs are popular amongst University students and can also be regularly occupied by young professionals looking for somewhere cost-effective to live after leaving home or University.

PCM and PW

PCM stands for ‘Per Calendar Month’. This can be in reference to rent, which will be paid to the landlord or Letting agent monthly. This is the most standard practice when it comes to rent payments, bills and other contractual obligations. Similar to this, you may also have come across PW which means ‘Per Week’. 

STC 

While house hunting you may have come across STC, but what does this mean? Once the property owner has accepted an offer , the property will be moved to the sold ‘subject to contact’ status, meaning that the property owner is awaiting legally binding contracts to be signed and returned by the potential buyer. At this stage, the property will be close to being removed from the market. However, if for any reason the contracts cannot be completed, the sale will fall through and the property may go back to the market, allowing other potential buyers to view the property and make an offer. 

Assured shorthold tenancy

An Assured Shorthold Tenancy (or AST) is an agreement between a tenant and landlord in which the tenant is given security of tenure for an agreed length of time, usually 6-12 months. Since being introduced by the Housing Act in 1988, it is now a default and applies to most tenancy agreements in England and Wales used by Private Landlords and Letting Agents. 

A key feature of an AST agreement is that using sections 21 of the Housing Act 1988, Landlords can evict tenants without reason; However this may be changing soon due to government changes to the private rented sector. 

Short Lets 

You may have seen on our own website or through our social media, that we often use the term Short Lets. This is an abbreviation for ‘Short Term Lettings’ and can refer to any property we have available to rent for as little as one day, to one month. If you think of Airbnb, where you might go to search for weekend breaks or city escapes, these will most likely be Short Term Lets. 

Long Lets

Long Lets is an abbreviation for ‘Long Term Lettings’ and quite literally is for people who are looking to rent for a longer term. Our Long Term Lettings will be properties that we are offered on either 6 or 12-month AST contracts. If you are looking for somewhere to live permanently, then these are the properties you will want to search for. 

Mid Term 

Although other letting agents offer Medium Term Lettings which can be contracts of three to eight months, our ‘Mid Term’ Lets are a bit different here at Hopewell. With our Medium or ‘Mid Term’ Lettings, we offer fully furnished properties that are available to rent on a month-by-month basis, with all bills included in the price. 

These properties offer more flexible terms and are perfect for people who need temporary accommodation either between homes, for ongoing home renovations, or are visiting the area for a longer period and would prefer not to live out of a hotel. 

To Let 

When a new property comes onto the rental market, it will be listed with the ‘To Let’ status. This means the property is available for viewings and to accept offers. 

Let Agreed 

Once a property has an offer accepted, the agent will change the property listing to a ‘Let Agreed’ status. Similar to STC, the property is close to being removed from the market, but it hasn’t received all the necessary documents to finalise the tenancy. If the documents and contracts needed to finalise the tenancy aren’t received by the agent, then the property could be reverted back to the ‘To Let’ status, opening it up to new viewings and offers. 

If you see a property you like and it is under ‘Let Agreed’, it might still be worth saving the property. If the tenancy is finalised, the property will then become unavailable, as it will have been removed from the market. 

Property Manager 

Property Managers deal with the day to day of properties within our short or long term portfolios. Our team of expert property managers are here to help our tenants and landlords with whatever issues or questions the property may incur. When you stay in a ‘Managed Property’, all correspondence regarding the property will go through our Property Managers and they will be your first port of call. From listing the property, arranging viewings, and managing cleaning and repairs, our Property Managers are here to ensure both landlords and tenants have the best experience possible. 

Landlord 

A landlord is a person who owns the property and allows others to use it in exchange for payment. If you are looking to rent and are going through an agency, then the likelihood of you meeting your landlord during the renting process is slim. However, if your property is not managed by the agency you have rented through, then your landlord will be your first port of call when something needs addressing in or with your property. 

If your property is managed by your letting agent, then all communication between the landlord and tenant will go through the agency, meaning you will contact your Property Manager for any faults, fixes, or queries you may have. 

Tenant

A tenant is a person who rents and occupies a property that is owned by a landlord. 

Is there still some property jargon we haven’t quite cleared up for you? Feel free to tweet us @hopewellbristol and we’ll be happy to help! 



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Top 5 Things To Know About Bristol

View over Bristol Harbourside during balloon fest

Are you new to living in Bristol? Or are you looking to relocate to the city? There are many wonderful things to know about Bristol – which we’re sure even the born and bred Bristolians won’t know! All of which are great reasons to want to make the big move. See why people love living in this part of the South-West and why they end up staying for life. 

Location

Firstly, it’s undeniable that Bristol is in a great location. Close to Cardiff, Bath, Swindon and just 120 miles from London. Positioned on the M4 corridor, Bristol has terrific travel links by both car and train. Whether you’re a professional or a student, there are many benefits to being located in Bristol, and easy travel access can bring beneficial opportunities.

Being the largest city in the South West and home to two Universities – The University of Bristol and UWE – this often makes Bristol a hub for many events and activities, from festivals and parades, to corporate events. There is always something going on for everyone. 

Work 

Named one of the happiest places to work in the UK, Bristol is said to be a big city with a small-town community. The working culture in Bristol has been influenced by the modern hybrid working styles popular in London, which have grown nationwide in recent years. With multiple coworking spaces and many companies now offering hybrid opportunities, it offers more comfort and flexibility for employees, which can improve their overall wellbeing

Bristol is also a huge hub of creative industries, with them being one of the key building blocks of Bristol’s modern economy. This could play a big part in Bristol being such a happy place to work, as people in creative positions claim to be the happiest at work! 

Sustainable 

If you’re an eco-warrior and love all things green, then Bristol might just be the perfect fit for you! In recent years, Bristol has been crowned the greenest city in the UK, scoring the highest for recycling and air quality and awarded the Green Capital Award in 2015. Bristol has long been a centre of alternative living and was ranked as the vegan capital of the world, according to Chef’s Pencil

Bristol is a Fairtrade city, trading fairly with nearly five million workers in 58 developing countries. It was also the UK’s first cycling city, being the first to receive government funding, pledging to double the number of people biking on its streets over three years. 

Culture

Bristol is a bustling multicultural city, which embraces multiple different cultures, religions and values. In 2019, Bristol has named the best place to live for under 26’s outside of London, after being recognised for being ranked highly for many factors from mental health and wellbeing to music events, sports facilities, and even 4G strength. It has also been named the kindest city in the UK, and the most artistic city in the UK. 

History 

Bristol is an interesting place and always has something wonderful going on, which is well reflected in the city’s history! For example, did you know that from 2012 – to 2021, the city had its own currency? And until 1840 Bristol had its time zone which ran 10 minutes behind London. 

As well as these, the city holds many other wonderful historic facts. The dark fruity drink Ribena was invented in Bristol in 1933 by a University of Bristol scientist, which grew in popularity during the war as an alternative source of vitamin C. Bristol Zoo, which is due to move from its famous location, is the fifth oldest zoo in the world! And the first-ever bungee jump took place on the 1st of April in 1979, from the Clifton Suspension Bridge. 

Looking to make the move to the big city? Visit our website to see how we can help you find your perfect property. Or contact our team at hello@hopewell.co.uk for more info!