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House-buying Deal-breakers! Part 3 – other issues
Part three of this deal-breakers series focusses on the other issues that may put you off buying your dream property. These are:
Bad relations with the neighbours
This is a really tricky area, as what’s considered a nuisance can vary from person to person. Imagine this – you’ve found your dream home, but now you realise that the current owners are desperate to move because of little Jimmy’s incessant guitar and drums until 3 in morning! Do you think this counts as a neighbour dispute? Well, it depends, doesn’t it? If you also have noisy kids who scream at 3am, then it could be perfect for you. But, if you have an elderly mother you care for, who needs peace and quiet, it’s not such a good choice. Still, it’d be nice to know that next-doors' kids can be a bit noisy, then you can decide if you want to put up with it or not.
Legally speaking, issues with neighbours are really more about the bigger issues that could affect how easily you live with your neighbours, like access, maintenance or boundary disputes. These could potentially land you with years’ worth of legal wrangling, as well as huge bills to pay. So there are much more important things to think about when you are thinking of buying.
Is the property on or near a floodplain? It’s possible the present owner doesn’t even know, as according to an article in the Telegraph, there could be at least two million people living on floodplains, with no knowledge right now. And that’s not the only problem, there’s also the issue of a lack of investment in maintaining the flood defences that are in place. And the result seems to be more and more homes being flooded every year. And it’s only going to get worse as more and more houses are built in vulnerable areas.
Again the problems arise when you try to get insurance for the property – you will have to declare the flood risk, so the standard insurers may turn down your request for insurance.
It’s not all doom and gloom though – you still might be able to get insured somewhere, but it’s likely to cost you a packet! However, as more and more flood data becomes available, the insurance companies are being more selective about what they consider to be a risk and how big a risk it is, if there truly is one. If you’d like to check to see if the property you are interested in is located on a floodplain, you can use the Governments map.
So that’s all the major deal-breakers covered. Don’t be put-off though, just make sure you stay vigilant and check thoroughly before you start to fall too in love with that wonderful little cottage you’ve spotted in the agents’ window.