Rics or Rpsa

teddyemm

ok so i have had time to thing about the report and i want to go ahead with finding out what is wrong and how much to fix it.
the report has found things like:

front and rear flat roofs need replacing
needs diagonal supports for the purlins
the rear roof has had a repair done from a leak but has major delimitation and nail decay.he advised there will be ongoing slipping to the roof.
he has found damp in both chimney stacks
needs 270mm insulation installed as doesn't have any
he advised in the report to replace the whole roof
he also said the rear chimney stack needs rebuilding as its poor condition
there is no soakaway for gutters it runs to the ground
need to check the front room has had a intel fitted when the stack was removed.
damp in nw corner of bedroom
damp in lower of house he said there may be cause for concern because its been a hot summer this should not be the case.
needs a full rewire
boilers new and ok
pvc soil needs securing and a cap
neighbouring curtilage seems to be blocked and titled and has very little fall?
asbestos testing needs to be done
need to check it doesn't have cavity wall insulation

hes advised:

electrical report
gas safe report
registered roofing report
dampness report

Conclusion:

on the whole the property represents potential, although clearly there are works which need to be budgeted for. The works relate to the age of the property and as such should be expected in a property that has not been maintained.

Please forgive my punctuation and grammar.

Any advice or help would be amazing.

Am i buying a money pit?

im maxed out at there asking price now.

thanks

Ted

YoungBlueEyes

Bl00dy hell, even I can tell you that'll be a bunch of money!

Does the survey give you a notion of prices?

teddyemm

Nope he said to get reports/surveys done for each item.

Am i making a big mistake i feel i am.

Davesnave

teddyemm wrote: »

ok so i have had time to thing about the report and i want to go ahead with finding out what is wrong and how much to fix it.
the report has found things like:

front and rear flat roofs need replacing Difficult to price from here! Might not need doing for a year or two if not leaking.
needs diagonal supports for the purlins Small job
the rear roof has had a repair done from a leak but has major delimitation (de-lamination, I think, meaning the slates are splitting up) and nail decay.he advised there will be ongoing slipping to the roof. So replacement is imminent.
he has found damp in both chimney stacks
needs 270mm insulation installed as doesn't have any You might get this done free through a scheme. I did.
he advised in the report to replace the whole roof
he also said the rear chimney stack needs rebuilding as its poor condition This needs scaffolding, which will be £1k before work starts. Should be done with roof.
there is no soakaway for gutters it runs to the ground You could dig your ownas it's just a physical job. I did.
need to check the front room has had a lintel fitted when the stack was removed. Definitely.
damp in nw corner of bedroom
damp in lower of house he said there may be cause for concern because its been a hot summer this should not be the case.
needs a full rewire £4k+
boilers new and ok
pvc soil needs securing and a cap minor DIY
neighbouring curtilage seems to be blocked and titled and has very little fall?
asbestos testing needs to be done Where? Artex ceilings?
need to check it doesn't have cavity wall insulation If it did, and it was the cause of the damp, it would need removing.

hes advised:

electrical report They always do this
gas safe report They always do this too.
registered roofing report
dampness report

Conclusion:

on the whole the property represents potential, although clearly there are works which need to be budgeted for. The works relate to the age of the property and as such should be expected in a property that has not been maintained.

Please forgive my punctuation and grammar.

Any advice or help would be amazing.

Am i buying a money pit?

im maxed out at there asking price now.

thanks




Ted

The property needs about £15 - £20k spent on it fairly soon from what's here. If that could be spread over 5 years it might not be so bad, but replacing the roof and chimney stack is all one job, as is wiring, which should be done before any decorating.


You didn't say whether the house was valued at the agreed price, which could have a bearing on what the vendor will think if you want a reduction.


If you are maxed out and the vendor won't meet some of this cost with a revised price it might be best to walk, especially if you are not used to organising building work.

teddyemm

thank you for the reply, i haven't had a valuation done the mortgage company just approved it. can i ask them for the valuation?

i have had quotes for the work and it totals 19000 at the moment i didn't think about the scaffolding but i assume the roofers added that in ?

teddyemm

i pulled out the house buy it was to much for me to be able to cope

YoungBlueEyes

Something else will come up teddyemm, don't lose heart. It sounds glib but it's true

Davesnave

I think you 've done right. If you didn't have it the money to do the essential repairs, the house would have become a financial millstone.