Recent content by FieldChart

“Looks sound” and “can be insured on acceptable terms” are separate questions. Before deciding, get a written quote for that exact address and intended rental use, then read the excesses and scope rather than relying only on the premium. If the quote is conditional or unusually limited, the 8.7%...

Are the estimated closing costs firm enough to rely on, or is there still uncertainty in that figure? I would leave a separate completion contingency until every payable amount is confirmed. Otherwise the repair reserve may be reduced before you receive the keys.

I’d use separate pots: untouchable emergencies; bills due around completion; moving; inspection-led repairs; and optional purchases. Don’t allocate the repair pot precisely before the inspection. If there is little work, the unused amount stays in savings rather than migrating automatically into...

I wouldn’t divide it by fixed percentages yet. First ring-fence a household emergency fund and the first mortgage payment, then reserve enough for moving and only inspection items that affect safety, water ingress or essential systems. Furniture can be bought room by room. Also leave a smaller...

Faster sales do not necessarily mean stronger demand. In a thin month, a few attractive units can sell quickly while most inventory goes nowhere. I’d want the count of sales alongside median days, plus how many listings expired, disappeared or were repriced.