Here at Wise we are proud to be a Which? Trusted Trader, this status means we have the approval of the UKs leading consumer organisation. It also means we take what Which? have to say about the property industry pretty seriously.
With that in mind, I was shocked to read new research commissioned by Which? that showed 10% of all property purchases in the UK go ahead without any checks for preservation issues such as dry rot, rising damp or penetrating damp ever taking place. Younger people and first-time buyers were identified as being the biggest culprits.
Are you as baffled by this as me? Read on to find out more.
Checking the property
Which? asked people, who had either bought or sold a home in the last five years, about any checks they had carried out before buying a property. They found that one in ten didn’t conduct any during viewings. This could potentially lead to costly repairs further down the line if a severe condition such as dry rot was missed.
Perhaps most worrying were the 5% of those surveyed that had not even viewed the property they purchased at all. What were they thinking?
Checks that had taken place
A glimmer of hope I could take from these findings was that the 90% of people who do check their properties are, generally, looking for the right things. Of those who did check, around 70% did look for signs of damp or black mould in the property.
The opinion from Which?
David Blake from Which? Mortgage Advisers said: "In a highly competitive market, it’s easy to get carried away and not make all the essential checks. However, acting on impulse could mean that you don’t spot maintenance issues that could cost you dearly later on.
When looking for a new home, it’s important not to rush and to carefully consider whether the property is right for you. Having a checklist will also highlight the questions you should be asking yourself or the estate agent."
A full property health check
Of course, having a checklist is sensible idea but there are certain property problems that can remain hidden from plain sight. For this reason I would recommend that any home you intend to buy has a full property health check from a rated and approved preservation expert.
Until next time,