Buying an older property can be an attractive prospect with properties full of character and period features. However, there are some potential pitfalls to watch out for when purchasing an older home. Here are 5 key things to be aware of.
The Condition of the Property
One of the main things to thoroughly check when buying an older property is the general condition it’s in. While characterful, older properties may not have been maintained to the same standard as modern homes.
Inspect the property carefully yourself and get a professional survey done to identify any issues or signs of serious disrepair. Check for things like cracked walls, sagging floors, rotten window frames, and outdated plumbing. This will give you a good idea of any restoration work required and associated costs.
Be on high alert for asbestos, rising damp, and outdated electrical wiring.
- Asbestos was commonly used in building materials until 1999 and exposure can be very harmful to health. You’ll need an asbestos removal company to get rid of any asbestos. Only hire a company licenced for asbestos removal in Bristol. Do a search for ‘asbestos removal company near me’ to find one.
- Signs of rising damp include crumbling plaster, peeling wallpaper and salt deposits on walls. This can cause rot and decay.
- Old wiring can present fire hazards and may not be sufficient to handle modern electrical demands.
Having these issues professionally assessed and fixed will ensure the property is safe and habitable. The costs involved should be factored into purchase budgets.
Energy Efficiency
Older homes tend to be much less energy efficient than new builds. Solid stone walls, single glazed windows, outdated heating systems and lack of insulation can make them expensive to heat and keep warm.
Ask the seller if they have an Energy Performance Certificate (EPC) for the property. This will give you an idea of the energy efficiency rating and typical energy costs. Consider getting upgrades like double glazing and insulation done to improve efficiency and lower bills.
Planning Permission Needs
If you want to carry out renovations or alterations to an older property, you may need planning permission. Things like extending, converting attics or basements, installing dormer windows or removing internal walls can all require consent.
Check with your local authority to find out if any work you’d like to undertake requires permission. If so, factor in the time, costs and uncertainties of the application process.
Parking & Access
Older properties often come with very limited parking availability. They may be situated on narrow residential streets with no off-street parking.
Carefully view the parking situation in person at different times of day. Having no designated parking can become frustrating very quickly. Check that access to the property for moving in and deliveries is also suitable.
By being aware of these common considerations with older homes, you can make an informed decision and avoid any nasty surprises further down the line. Do your research, have surveys done and ask the right questions to find the perfect period property.
