House hunters warned as these 'hidden' repairs will 'cost you thousands'
Buying a home that needs work is a reality for people getting their foot on the property ladder or those looking to upsize but keep costs as low as possible.
Home repairs you can see when viewing a property mean you can at least estimate a price for the work.
But house hunters are being warned that it's the hidden home repairs that can eat your savings and they have urged people to get to know what to look for when buying.
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Property expert HCB Solicitors said common issues like damp, faulty electrics, and outdated heating could end up setting buyers back thousands and add to the stress of buying a house.
And they urged all homebuyers to take a closer look before committing to the purchase as failing to do so could see you out of pocket.
And they said even if you think it’s minor, it’s worth talking through the survey findings with your solicitor, to figure out whether the property is a worthwhile investment.
David Roberts, Head of Property at HCB Solicitors said: "It’s crucial to know what you’re walking into. A small upfront investment in a survey can save you thousands in the long run."
From damp to outdated heating systems, there are a number of common issues that could lead to pricey repairs. These are some of the most common problems and what they could cost to repair:
Damp proofing: £300 - £5,000
Roof leaks: £100 - £1,000
Faulty drains: £200 - £750
Electrical issues: £80 for small fixes, up to £5,000 for full rewiring
Woodworm removal: £500 - £1,000
Japanese knotweed removal: £950 - £3,750
Asbestos removal: £950 - £3,750
Outdated heating systems: £3,000 - £6,000
