Making money by building value

The Rotter explains all

Share

FREEPHONE :

Hello and welcome to the latest Rotter Blog.

Working in the property preservation industry, I have always paid a lot of attention to the Scottish property market. After all, many of our customers come to us to fix problems that are found in home reports when they are buying or selling a property.

The Scottish property market seems to be doing pretty well lately, with more homes being bought and sold every month. Not only that, property values right across the country are also on the rise.

Could you make money by building value into your home?

Scottish property sales at six-year high

Figures released by Registers of Scotland (RoS) in the last week have shown that in 2014 Scotland recorded the highest number of house sales since 2008.

93,875 sales took place across the country in 2014 - an increase of 11.6% on the previous year.

Of course, a significant number of those homes will have needed some property preservation work done.

A recent article by property site Rightmove showed that fungal decay (dry rot/wet rot) and damp are among the most costly hidden factors that can affect house prices.

So, if you are looking to sell a property, it is vital that you know the condition your property is in.

Are you a property millionaire?

The most significant example of how value can be found in a pristine property is this recent story about the amount of people in the UK who are ‘homillionairs.”

With house prices soaring up and down the country, it is being estimated that an extra 160 people a day are living in properties worth over £1 million.

This would indicate to me that now must be a good time to sell. I can’t imagine these properties will be worth the same as a small lottery jackpot forever.

That said, would these properties still be the goldmines they appear if they were suffering from rot, damp or woodworm?

Building value

Wise Property Care take a lot of pride in our work and we take our commitment to improve the value of properties by performing essential remedial treatments very seriously.

If you want to talk to a property preservation expert about a property you own or look after then find your local branch or call our head office on 0800 65 22 678.

Until next time,
Awrabest,
The Rotter