Buying an old house can be a great design decision. Are you thinking about buying a period property? This week, we have put together this handy guide to make sure you know the things to consider before buying an old house.
Things to consider before buying an old house: investment value
If you’re after a project, it’s worth looking at old properties that require this work. It may take more time to restore it, but you will gain more equity from these property types. However, it is important that you go in with a smart head and make sure the work you put in will add to the value of the property.
One thing to remember about old properties is that they tend to provide less heat than new homes. Either external or internal insulation would work here. External insulation is the most practical solution but will likely hide the majority of the property’s external character. Internal insulation will keep the character of your home but isn’t as effective.
Look at the light
However old your property may be, you need to think about how much light gets in. Which way does the garden face? South or west is the best for all-day/evening sun in your living space, which is usually the back of your home. But if your property faces north, you could use an extension or window openings to let in more light.
Decide on the best garden size
If you choose to add an extension to get more from your living space, this could impact the garden. If you have children, you may want a garden with plenty of room for them to run around. If not, you may only need a small area to enjoy alfresco dining.
Many old buildings use clay drains. Over time, the joints of these can open and leak, which will deteriorate the bearing and capacity of the ground. As a result, the building can crack and subside. A professional survey is recommended when viewing old properties to see if they have clay pipes. If so, it is important that you replace them with modern PVC.
Plan for underpinning
Any drain leakage over time could deteriorate the foundations of an old house. If so, underpinning is recommended. Before you buy, however, check to see if this has already been done. If it hasn’t, check with a structural engineer to see if it’s necessary.
Visualise your new design
Older properties were designed for different purposes than today. Think about what the property currently has to offer and whether it meets your needs. Then think about what you plan to add to this and if it is possible.
Determine your budget
Bringing an old property to the 21st century comes with a big budget. It won’t be possible to determine exactly how much you need until you have planned your new design, but a quantity surveyor should be able to advise you on future costs once you have this.
Make buying easier with Betesh Middleton Law
If you’re planning on buying an older property in the Greater Manchester area, let Betesh take care of your conveyancing. Get in touch to learn more about our services.