Could a Dispute Affect the Value of Your Home?
BY KATE MCAULIFFE
Could filing a dispute against your neighbour affect the value of your home? Residential property expert John Gorner explains that it may impact the value and even the saleability of your home.
Seeking out mediation early on can deescalate conflict situations and prevent costly court proceedings.
Could filing a dispute against your neighbour affect the value of your home? Residential property expert explains
“If you don’t invest in specialist advice it could impact adversely on the value and even the saleability of your home”
With the housing climate forever ebbing and flowing, and with mortgage rates having recently increased substantially and poised to go even higher , it’s certainly helpful to find out as much as you can about what could affect the value of your current or potential home, as well as knowing who you can turn to when you might need help.
A situation that often gets overlooked as a consideration when selling homes, is whether there are any legal wranglings in place at the time of sale. This can actually adversely affect the saleability of your home, and who wants to be left living next door to someone they disagree with so badly?
During the pandemic, the number of neighbours filing disputes against their neighbours skyrocketed after people were forced to spend a substantial amount of time at home in lockdown. Whilst some embraced ‘over the fence garden parties’, for many, it brought to a head some underlying issues. Common disputes between neighbours could include; boundary and fence disputes, driveway disputes, building within a few meters of somebody else’s property, building on someone else’s land, erecting temporary structures on someone else’s property, water flowing from one property to another, or Party Wall Act disputes.
But did you know that filing such disputes can affect the value of our homes and whether it’s even possible to sell them at all?