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Property Development: What risks to look for when investing in property

ProAktive www.selfbuildinsure.co.uk Property Development What risks to look for when investing in property Surveys are an important part you a lot of time and money in the long run. Without a survey you buying a new property, they can save could run into problems that could have otherwise been foreseen and either dealt with or avoided. In this guide we look at some of the most common issues that can be found by a building surveyor. Asbestos Asbestos was once a popular building material due to its durability and applicability but in 1999 most asbestos containing materials were banned due to the life-threatening health issues they can cause. Asbestos removal specialists are now required if you find asbestos during a survey as there are specific laws and guidance regarding the material. The cost of removing asbestos can vary depending on the amount, type and what materials it is applied to. Damp Damp can vary in severity but it is a very common issue found on building surveys, especially in older homes. A damp specialist will be able to advise you on the extent of the damp, any repairs that may be required and any precautions you can take to prevent damp in the future. Repair work can range from small local treatment to removal and rebuilding of whole walls. Costs for damp repairs vary and are dependant on the amount of work required. Structural Movement Structural movement can usually be found through apparent cracks or damage to the structure of a building but small cracks can also be completely normal and not a sign of structural movement. In the worst cases, structural movement can lead to walls, ceilings and roofs collapsing. A structural movement expert may recommend: Monitoring Reinforcing Underpinning Rebuilding Severity and costs of repairs vary but it is also important to speak to your insurer if structural movement problems are found in your building survey. Developer Policy £ ProAktive's Developer Policy is designed to cover small to medium new build developments. The policy is suitable for conversion, extension and renovation work on existing properties, including those being converted from commercial to residential use. ProAktive Self Build Developer ProAktive has been providing excellent insurance products for over 30 years. We are backed by Aviva, one of the world's largest insurers. In addition to our specialised self build developer insurance, we are sure you'll appreciate our swift handling of claims, easy-to-read documentation and helpful customer service. To find out more information please visit: www.selfbuildinsure.co.uk/developer-insurance ProAktive Doncaster: 01302 346 831| Follow us O 00 www.selfbuildinsure.co.uk 田

Property Development: What risks to look for when investing in property

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Surveys are an important part of buying a new property, they can save you a lot of time and money in the long run. Without a survey you could run into problems that could have otherwise been foreseen ...

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