Searching for a new home can be an exhilarating journey filled with dreams of the future. However, amidst the excitement, it’s crucial to stay vigilant about potential property pitfalls that could turn your new home into a financial nightmare. Home insurance expert Anna Thunstrom from Saga shares essential advice for both renters and buyers to avoid costly surprises that might not only lead to expensive repairs but could also bump up your insurance premiums.
The Importance of Thorough Checks
While professional surveyors play a critical role in identifying major issues during the buying process, there are several additional factors you should consider before making an offer. Being proactive about these issues could save you up to £40,000 in the long run. Let’s explore these potential property pitfalls and how to spot them:
1. Inconsistent Room Temperatures
One of the first things to ask about is the property’s Energy Performance Certificate (EPC) rating, which indicates its energy efficiency. A higher EPC rating usually means lower energy bills. Additionally, inquire about the type of window glazing and whether the walls and roof are insulated.
Anna explains that “poor insulation is one of the most common causes of temperature imbalances.” If you notice that one room feels significantly hotter or colder than others, it could suggest problems with the insulation or the heating and ventilation systems. Poor insulation can increase energy bills by as much as £340 annually, and installing insulation could cost around £15 per square meter.
2. Signs of Mould and Water Damage
Living with mould is not only unsightly but also poses significant health risks, especially for those with respiratory conditions like asthma. Erika Radford from Asthma and Lung UK warns that mould can exacerbate symptoms and lead to severe health episodes. Anna advises checking walls and ceilings for stains, damp patches, and musty odours, which indicate water damage. Removing mould can cost between £200 to £400 per room.
3. Large Cracks Indicating Subsidence
While minor cracks are normal, larger cracks extending from windows, doors, or corners can be a sign of subsidence, meaning the property’s foundations are unstable. Anna suggests checking how doors open and close and whether a small ball rolls in one direction on the floor, which could indicate sinking. Fixing subsidence can range from £6,000 to £14,000.
4. Overgrown Garden with Invasive Species
An unkempt garden might hide invasive species like Japanese knotweed, which are difficult to control and expensive to remove, costing between £1,000 to £12,000. Anna recommends asking about the presence of such plants and checking government resources for more information on managing them.
5. Trickling Taps and Plumbing Issues
A constantly trickling tap can waste up to 175,000 litres of water annually, adding about £300 to your water bill. Look for signs of limescale or delayed hot water flow, which could indicate blockages. The cost for a plumber to address these issues can average £300 to £400 a day.
6. Roof Disrepair
The condition of the roof is crucial. Missing or loose tiles can lead to more significant issues. Depending on the extent of damage, roof repairs can cost between £5,000 and £8,000.
7. Blocked and Sagging Gutters
Lastly, don’t overlook the gutters. Blocked or sagging gutters can lead to leaks and water damage. Replacing gutters can cost around £900. Anna suggests scheduling a viewing on a rainy day to check for blockages and the efficiency of the drainage system.
Be Proactive
In conclusion, when you’re viewing a property, keep these tips in mind to not only save money but also secure a safe and healthy living environment. Asking detailed questions and doing a thorough inspection can help you avoid stepping into a costly investment trap. Remember, the cost of prevention is always lower than the cost of repair.