Parents helping their children get onto the
property ladder, a review
Our Independent Building Surveyors can help you
If you have children that are ready to leave home and you are able to help them buy their first property then our friendly, professional Building Surveyors at 1stAssociated.co.uk can offer help and advice to ensure you make the right property decisions.
Over the years our Building Surveyors have carried out all types of surveys on all styles and eras of property. These surveys have included building surveys, structural surveys, home buyers reports, independent valuations, property surveys, engineers reports, structural reports and defects reports so please call 1stAssociated.co.uk on freephone 0800 298 5424 for a friendly chat and to discuss your property requirements.
Free phone 0800 298 5424
Helping your children buy their first property.
Meeting the parents!
The parents were taking an active interest in the property that was being purchased and were keen to meet us while at the survey, which is our normal, preferred practice. We were pleased that they came along as it made it easier for us to understand their concerns with the property.
Building problems in the property
As is often the case we were called in because one of the perspective buyers had noticed a specific problem in the property that they were concerned about.
In this case there were actually two main problems.
1. The cracking in the ceiling at the front of the property.
2. The soft spongy floor that could be felt through the carpet in the hallway
Cracking in the ceilings
From our experience and general knowledge of this type of property we were able to establish that the crack in the ceiling in the lounge, although it looked alarming, was a typical crack that can appear in this Victorian era of property. In this case it was a lath and plaster ceiling that was suffering from a combination of high humidity levels combined with old age.
Spongy Floor, what did this mean?
What does dry rot look like?
How to get rid of dry rot
Other property problems
The property also had a few other problems including peeling paint in the bathroom caused by condensation and a lack of extraction fans. We recommended that large humidity controlled extract fans were added to humidity generating areas if the purchase went ahead.
Parents helping children buy a property
We have often heard this process called the bank of Mum and Dad. However in some areas this is the only way that young people can afford to buy a house and get on the property ladder plus in general property has, over the years, always been a good investment. However, equally, the risk of buying a joint property also has to be taken into consideration.
We have many other surveying articles on our website
If you would like to see more of our Surveying articles please have a look at our 1stAssociated.co.uk website. If you scroll down the homepage you will find a very large selection of articles about all types of property and their associated problems. We go into this much depth and detail within our reports as well.
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