Should I demolish it?

publication date: Oct 6, 2011
 | 
author/source: Kate Faulkner, Property Expert and Author of Which? Property Books
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Should I demolish it?


Underpinned House


Just about every day we are answering your property questions for free via our Property Forum.

This is just part of one of the many questions we have answered recently:-


Q -
I need to sell the former family home. Unfortunately the detached house was underpinned in 1976, but fortunately, the street is turning into millionaires row as the old properties are knocked down, and mansions built.

Would I be better off demolishing the current house and selling as development land? SEE THE FULL QUESTION HERE

A - There are a couple of things to consider, firstly you may not if you don't want to, sell the family home, so it's worth sending us some more details via our contact us page and we'll see what we can do to help with the situation.

Alternatively, if you are keen to sell, then the fact that the property was underpinned, shouldn't matter. The cost to a developer of taking down a property is minimal compared to the cost of land etc, so we'd leave it as it is.

However there are lots of things you need to be aware of - including monies other people will make if they are going to help you sell your land. As a result, if you can send the details to us of the property, it might be we can help make sure most of the money stays with you rather than goes to other people! READ THE FULL ANSWER

Take a look at some of our related articles:-

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