underpinned house - buy or not?

Scully38

ruggedtoast wrote: »

There's no right or wrong answer. If you want the house you'll have to stump up for a full structural survey and probably engineers reports as well to get insurance and possibly for your mortgage. You need to be prepared to walk away if these dont say what they should.

Regardless of how peripheral the movement may have been you will never be able to get a normal insurance policy again. The benefit of buying the house may outweigh the cost, or it may not. Only you can decide; all this will put some buyers off when you want to sell.

Agreed, and just think Tulipz, If you do buy this house, when you decide to sell, your buyers are going to be asking themselves exactly the same thing as you're asking now. They'll have the same concerns as you. So, its only a decision you can make.

hazyjo

Would be interesting to do a poll seeing who'd write it off immediately on finding out that info. I certainly would. You have to think long term and about selling it on in the future. It's hard enough selling houses at the mo. You can't presume things will change when you come to sell. Do you want to risk losing a massive percentage of buyers?

Is it a house you'd see yourselves in 'til you're carted out in a box? If not, I'd not touch it with a bargepole. Seeing as it's your first home, I'm guessing it's highly unlikely you'll stay there for more than say 7 years. That's not going to make much of a difference to how people view the underpinning. If you're there for say 50, that might go in your favour.

Tread very carefully. There will be other houses. Don't be blinded by the fact you want to buy and had found something you thought was right.

Jx