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TELLIT01 wrote: »
Downsizing isn't always a practical option. In the case of the leaky roof, it would have a serious effect on the value of the property. Quite probably reducing the sale price by more than the cost of repair. A smaller property won't necessarily leave the vendor with much in their pocket after the costs involved with selling and moving are taken into account.
Our neighbour looked at the possibility of moving from a 3 bed house to a 2 bed bungalow and they would literally have had no equity once essential work had been done on the bungalow to bring it up to modern standards.
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