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Structural movement and house value depreciation
polzovatel
Posts: 72 Forumite
Hi,
We want to buy a 1960s house . After having a survey done we found out that the house had a structural movement and was re-pointed in the past - we are sending the structural engineer to check if there is no current movement.
According to the surveyor the house maintenance was below the average and it’s fairly unusual for house of this age to have a structural movement. We need to fully re-point the house and want to re-negotiate the price accordingly (there are quite a few more jobs to be done as well). I also noticed that it’s quite difficult to get a standard insurance if the house had past movements.
Now the question is whether the house value ( if we were to sell the house in the future) depreciates because of the structural movement and re-pointing and difficulty to get the insurance so we can take this into account when renegotiating the price?
Thanks
We want to buy a 1960s house . After having a survey done we found out that the house had a structural movement and was re-pointed in the past - we are sending the structural engineer to check if there is no current movement.
According to the surveyor the house maintenance was below the average and it’s fairly unusual for house of this age to have a structural movement. We need to fully re-point the house and want to re-negotiate the price accordingly (there are quite a few more jobs to be done as well). I also noticed that it’s quite difficult to get a standard insurance if the house had past movements.
Now the question is whether the house value ( if we were to sell the house in the future) depreciates because of the structural movement and re-pointing and difficulty to get the insurance so we can take this into account when renegotiating the price?
Thanks
0
Comments
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So it moved. The made it look ok but failed to address the issue of it moving?
You need to know it's not going to move again. You need proper structural advice.
Even if it's the only house within 50 miles that you want to buy you should really think twice and take LOADS of professional advice.0 -
Best I can suggest is DON'T BUY IT!This is an open forum, anyone can post and I just did !0
This discussion has been closed.
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