Sell or repair? At my wits end!
The ongoing saga of my property. Spent a lot on getting doors and windows replaced, redecorated etc, just needed to get debts removed from gas and electric meters (which I had the codes for) and get the BG engineer to rest the meter on this coming Thursday. I even had a tenant interested and being referenced.
I went to property yesterday and found that it had been broken into again and all the pipework and boiler stolen. The neighbour had called police and they had left an undated note through the door saying “Phone 101, nothing to worry about.”
Nothing to worry about – gas and water pipes ripped out, kitchen trashed, bathroom trashed bedroom ceilings down. Jeez! Gas turned off at meter. Stop cock in house leaks (letting agent was supposed go have had that fixed). Stop cock outside seized so can’t be turned off. Emergency plumber did a temp repair. I also discovered that work I’d paid for had hadn’t been done properly (eg old door and windows and carpets just dumped in garden, not removed; kitchen units not repaired – but that’s academic now) Moral: do not trust letting agent to check work.
So what do I do? Do I cut my losses and sell in the state its in or pay for the repairs (would need boarding up to prevent more break ins). I’m going to have to spend savings either way – either to pay off mortgage (it’s in negative equity even in good condition) or to do the repairs. I just want to sit and cry.
KJE
Comments
Have Your Say
Every day, landlords who want to influence policy and share real-world experience add their voice here. Your perspective helps keep the debate balanced.
Not a member yet? Join In Seconds
Login with
Previous Article
One of the best kept secrets? - The SSAS “Loanback”
Member Since February 2011 - Comments: 3453 - Articles: 286
9:29 AM, 28th August 2019, About 7 years ago
Reply to the comment left by Kathy Evans at 27/08/2019 – 22:24
Done Kathy.
Member Since July 2015 - Comments: 393
5:35 PM, 29th August 2019, About 7 years ago
Reply to the comment left by Darlington Landlord at 27/08/2019 – 20:25
Neil said he did the email addresses but I didn’t get yours, so you must have mine, DL. Thanks
Member Since March 2014 - Comments: 195 - Articles: 1
4:22 PM, 30th August 2019, About 7 years ago
Reply to the comment left by Kathy Evans at 29/08/2019 – 17:35
Yes I emailed you on the 28th. Maybe it got caught by your spam filter?
Member Since July 2015 - Comments: 393
5:15 PM, 30th August 2019, About 7 years ago
Reply to the comment left by Darlington Landlord at 30/08/2019 – 16:22
Ah, found it