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Extending a lease on an ex-council property before selling - Mumsnet 7. nightmare keeping black gladd tv stand dust free! Florence Bourne, 93, died of shame, according to her family, after being unable to pay a 50,000 bill for the refurbishment of her block in Newham, east London, in 2013. ex-council houses to buy - any issues to consider? | Mumsnet This included the actual refurbishment work and builtin joinery. And if youre worried about struggling to sell the house later on, dont think that just because its an ex-council house you wont make any money. Then theres the cost of buying your next house, which includes legal fees, stamp duty, search fees and mortgage costs. At the moment, the kitchen is very narrow but there is lots of space under the stairs and in cupboard that could be opened up. We and our partners use cookies to Store and/or access information on a device. How much does a planning application cost? An above-garage room extension (Image credit: Ikea) House extensions for every budget between 20,000 and 30,000 can include building an extension over a garage that's already there. But his first property investment project was to turn an old dilapidated restaurant into a large 5-bed home, which he purchased for 117,500 and sold for 450,000 (to see an "after" photo of the house before it was sold see here: About). I'll have to double check that now though. Just be sure to commit yourself to keeping that garden looking elegant and neat or hire a professionalgardening service. In theory, local authority leaseholders are protected from massive bills by Florries Law. Some people might think that there is a stigmas attached to owning an ex-council home, but what do they know? However, you would need to choose the paint type and colour carefully to match the existing paintwork. This is even more of a selling point if you are already renting a council house that offers you the opportunity to buy it, as your previous years of rent are usually taken into account and deducted from the value. Under usual circumstances, the affected leasehold owners are entitled to nominate an alternative contractor to carry out the works and the freeholder is obliged to obtain an estimate. I don't know how it works, but I would assume the price you pay (right to buy) reflects the market value of the property so if you improve the house using your own money you would have a double whammy when buying the house. This way you not only gain an extra room or two, but will also impress potential buyers when the day comes that you want to sell and move someplace else. The client wanted to have a full bathroom and a larger master bedroom, which would allow for a walk-in dressing area. For any building work thats done on a property, its about weighing up the cost of building an extension vs the additional value the extra space adds to the enlarged house. Ex council leases are probably cheaper to extend because the groundrent is usually low and councils won't be completely unreasonable like some freeholders can be (so will hopefully agree to a reasonable valuation without rackng up huge fees) However I have seen others put off looking at such leases. Consider treating the roof to new tiles to really make that new look stand out. Leasehold owners can make observations but the local authority has no obligation to act on them. Covenant on an ex council house MoneySavingExpert Forum If I could get planning, Id like to extend from the kitchen and living room. Editor, Marcus Herbert. (modern). Save my name, email, and website in this browser for the next time I comment.