SHOULD I GET WORK DONE?
This is the question we get asked most often, and the answer is…“It depends.”
If, for instance, we have carried out a report prior to you purchasing a property and we have identified issues and specified specialist works which you were able to budget for then the answer is “Yes, Absolutely”. We would also recommend addressing any underlying conditions with the fabric/ structure of your home before moving on to more cosmetic works. You would think this would be taken as read, however, you would be surprised at the number of occasions where homeowners have prioritised decoration, carpets. etc just to ”get in” and then have regretted the upheaval of having to address remedial works at a later date.
If selling your home and remedial work is required there are a number of factors you may wish to consider. Obviously, getting any remedial works attended to removes that “grey area” of uncertainty for buyers when an issue is picked-up in the Home Report, however, there are other factors to consider.
If an issue can be easily dealt with without too much disruption e.g. woodworm treatment to an attic space, then we would certainly recommend that it is attended to before going on the market.
At the other end of the spectrum, however, could be an issue such as wet rot decay under a kitchen floor. To undertake this work it will likely be necessary to remove the kitchen units, appliances, tiling, etc and then reinstate everything on completion prior to viewing. The cost of this ancillary work can often be more than the actual rot repair work themselves. It may very well be the case that a new owner would wish to replace the kitchen anyway and in this instance we would suggest that the seller just includes our report with the Home Report so that the purchaser can factor this in to their budget (and likely offer).
Another scenario which often occurs is a seller preparing their home for sale has just decorated and perhaps carpeted without realising an underlying rising damp problem exists. Addressing rising damp can often require extensive stripping and replastering of walls which is extremely disruptive and will delay viewings. The underlying problem may not, initially, be obvious to the naked eye and it could well be an option to proceed with viewings whilst providing our report to any prospective purchaser and giving anyone who may be making an offer the option of a discount for them undertaking the works after possession or you undertaking the works prior to completion (thus avoiding the upheaval whilst trying to market and sell the house). In some cases, however, extensive dampness can put buyers off and limit your market and it may well be that you have to undertake the remedial works to ensure that you receive reasonable offers.
Something else to consider is perhaps a first time buyer having to secure a deposit and enough to cover any retention which may be applied by a lender for remedial works. In this instance, getting the work done prior to completion may well be the difference to getting a sale or not.
So, to recap the question “Should I get the work done?” – we are happy to discuss options but would also advise sellers to talk this over with their estate agents who are likely to have input with regards to the market, or perhaps already have prospective purchasers where they have an idea of whether doing the work or not would be a factor in their decision to make an offer.
“Should I get the work done?”
SHOULD I GET WORK DONE?