How Damp Can Negatively Affect Property Value
If you are a London homeowner who might wish to one day sell, then you should never neglect any damp problems in your property. Even just a small wet patch must be taken seriously because once dampness takes hold, it can spread throughout the house with ferocious speed! If that happens and it goes untreated, the devaluing of your property will begin. If any signs of dampness appear, no matter how minor, it’s incumbent on you to act before it’s too late by engaging our damp proofing experts to come help!
In prior decades, no one thought that much about the damp, it was just a fact of soggy old London life. But now, people are well aware of the hazards to health and heart that the damp can bring, and home buyers have become much more cautious, as they should be! Before they are going to even think about making a deal with you, they are bound to request a complete damp survey be run on your property, so you must be proactive and prepared if you want to make that sale!
Unchecked damp can negatively affect the property value of the property in a variety of ways, as follows:
It Will Be Very Difficult To Sell – If the house is full of damp and the property is heavily damaged and falling apart, no one is ever going to want to buy it. If it has gotten to that sorry state, your best bet may be to simply raze the structure and start over, or simply sell off the vacant lot.
Expensive Repairs Are A Reality – Even if someone is still interested in buying your damp-filled home, they are going to have to be willing to face extremely expensive repairs. Damp that has been left untreated can exact untold amounts of damage on a home, weakening the foundation, dissolving the brickwork, and rotting the timbers away. It will obviously take a large sum to set things right with the help of extensive damp repair services– how badly do they want to buy, and why?
Damp Will Reduce The Home’s Market Value – No matter how you slice it, the fact is that if you have allowed your home to become damaged by untreated dampness, it’s not going to go unnoticed by potential buyers. The damp will be a massive turn-off and you can bet your asking price is going to have to go way down if you want to have any hopes of making a sale. The more damage there is, the more your property will face depreciation. The extent of devaluation your property has suffered due to the ravages of dampness will depend on how bad its effects really are. A small damp patch might have a minimal impact, but any extensive damp issues can reduce the selling price of a house by over 70%. Don’t let it happen to you!
If you would like to order a free damp survey of your property by one of our damp proofing specialists just give us a call on 0208 226 6330, or email us at [email protected], or submit our online form for general questions about our services. We are here to keep you safe and dry!