Michael Holmes, property expert and spokesperson for The Southern Homebuilding & Renovating Show, shares 10 things to look out for when buying this summer. Cracks and defects If there are any signs of cracks in the walls inside or out get this checked out by a surveyor. They will know the difference between cosmetic defects […]
Michael Holmes, property expert and spokesperson for The Southern Homebuilding & Renovating Show, shares 10 things to look out for when buying this summer.
Cracks and defects
If there are any signs of cracks in the walls inside or out get this checked out by a surveyor. They will know the difference between cosmetic defects that need just filling and structural movement which, if severe, could make the property unsalable.
Legal complications
An experienced solicitor should identify and highlight any legal issues but check for problems apparent only on the ground like incorrectly marked boundaries, or public or private rights of way across the land, shared drives, sewers etc.
Non-standard construction
Properties built using non-standard forms of construction – especially traditional vernacular materials – can prove far costlier to repair than modern homes, especially if they are listed and therefore like for like use is compulsory.
Damp and associated mould and infestation
If the property has a musty smell or there are signs of mould on the walls, and or woodworm, then it has a damp problem that needs fixing fast. You need to solve the cause of the damp first before treating the symptoms and it can prove costly.
Needs a new roof
If your survey or builder says the property will need a new roof, check the structure too, because if its been leaking for some time the timbers will probably need repairing too. The cost of traditional thatch or stone roofing can be a big shock – so get prices before buying.
Needs new windows
Check the condition of the windows and external doors – if they are beyond repair and need replacing this is one of the biggest costs, especially if you want character windows for a period property – and it one that’s hard to avoid.
Collapsing/twisted floors
If the floors are bowing or moving, it’s likely that the joists underneath have become damp and have rotted over time. Wet rot can be treated and any damaged timber replaced, dry rot is much harder to get rid of and can prove a costly nightmare. Avoid.
Non-compliant alterations
Dodgy DIY can knock 5% off the value of a property, so watch out for work such as loft or garage conversions that have been undertaken without building regulations approval and which could consequently prove costly to heat, noisy and possibly even dangerous.
Location/Disturbance
Make sure you view the property at several different times of day – a property can be very different at pub closing time, rush hour, during the school rush or on match day.
Dated services
Get the wiring, heating and plumbing checked out – if it’s out of date make sure you budget accordingly – it’s a top priority but can cost £1,000s to update.
The Southern Homebuilding & Renovating Show is being held on 1-2 July 2017 at Sandown Park in Surrey.
For more information visit the website at http://surrey.homebuildingshow.co.uk/
What Mortgage has teamed up with London & Country to offer you expert advice on the right mortgage deal.
Whether you’re buying a new home, remortgaging to a new deal or buying an investment property, L&C can help – and you’ll pay no fee for their advice. To find out more, click here.
