Fergus Wilson Panorama documentary – now available on iPlayer22:10 PM, 18th March 2019
About 5 days ago 93
I recently posted the ‘Newbie‘ thread so I haven’t been a landlords for very long.
I bought a mid-terrace in December 2014 which, before I bought it, I had a full buildings survey done as I wanted to try, as best I could, to highlight any major things wrong with the property in order to minimise my risk of costly expenses as soon as I’m starting out.
I have today been contacted by my agent, with 3 pictures of damp walls just two weeks after my first tenants moved in. I did not see any damp or wet walls in the period of viewing the property around July right through to before they moved in, so like many of your articles suggest, I’m hoping it is the tenants not ventilating the property properly.
I did take in everything you said about a rainy day fund and I’m currently working on about 9% of debt in terms of liquidity so its not like this is going to ruin me. However, as this is my first property, the prospects of having to spend ‘£1,000’s on damp proofing’ comes to mind, hence I’m worrying a little.
I read your reply to one damp article in regards to asking the surveyor to view the property again. If I ring them up and explain the issue, do they have to go our and recheck or can they so no unless you pay ‘X amount? I’m worried I’ll ring up and they’ll fob me off, and as I’m not 100% on the matter I’ll just take it as red.
Hope you can help.
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