Tips When Buying or Selling a Property With Dry Rot
Buying or selling a property is an exciting time but the process can be incredibly overwhelming, especially if the property in question has a serious timber condition like dry rot. Dry rot is a wood-attacking fungus that if left untreated can severely impact a building’s structural integrity. Dry rot is arguably the worst thing that can happen to a property so it’s important that homeowners and potential buyers know what causes dry rot, how to identify its different stages and its impact on buying or selling a property.
How Energy Performance Certificates Can Boost Your Property’s Value
According to the official report released by the UK's Ministry of Housing, Communities & Local Government, in Q4 2018 around 363,000 energy performance certificates (EPCs) were registered in England and Wales; a rise of 41% compared to Q4 2017. So, if you're planning to lease or sell your property, you should obtain an EPC before putting it on the market.
Moving home can be an incredibly exciting but overwhelming time, with so much to think about. And, one of the most important things to consider on arrival is the condition and safety of your boiler. Here, Jacqueline Gallazzi-Ritchie from All England Gas shares her top tips for checking the boiler at your new property.
Japanese Knotweed is a quick growing invasive weed which if left untreated can have disastrous consequences for the structural integrity of a property. The plant grows at a phenomenal rate of 10cm per day and it is this relentless growth which makes it capable of growing through into the tiniest cracks in masonry and concrete. As banks and building societies have been known to refuse mortgages on properties with Japanese Knotweed without a treatment programme in place, it is important not to ignore any suspect plants on or anywhere near your property.
Flat owners – are you thinking of extending your lease?
Long leaseholds are typically 99 years, 125 years or 999 years. If you have a 99 year or 125 year lease it may be time to seriously start thinking about a lease extension. A lease provides the right to occupy a flat (or house) for a fixed term as a Leaseholder. The Freeholder retains ownership of the building and typically you’ll pay them an annual ground rent, the amount of which is laid down in your lease. This has a drawback in that the fewer the number of years that remain on the lease the less valuable the flat becomes. The law recognises this fact and gives the leaseholder the right to extend their lease by an additional 90 years once they have owned it for two years.
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