House sales can be a lengthy process. Whether you’re waiting for a sale to be able to move into your next property or simply want to focus on other things, nobody likes a delay. Fortunately, there are several things you can do to facilitate a swift transaction.
Let’s start with the obvious. Keep your house clean and your garden tidy, eliminate clutter and make your home feel inviting. Beyond that, you may wish to look at functional aspects like your electricals and wiring, rather than focussing solely on the cosmetic. Whilst a new lick of paint and neutral décor can go a long way to grabbing a buyer’s attention, safety and the knowledge that they would be buying a house that doesn’t require a lot of work is likely to go much further.
Do I need to rewire my house to sell it?
Legally, you are not required to rewire your house in order to sell it. However, faulty electrics can take a considerable toll on your sales price. Rewiring your home is therefore a good idea if you suspect your wiring is old or there may be a problem.
Rewiring your house will make your home more attractive to prospective buyers, who will appreciate the peace of mind that comes with purchasing a property in which the wiring has been recently checked and upgraded. Old wiring can cause a myriad of problems and presents a serious safety hazard, so it is likely to put people off from choosing your property over a similar, better-maintained prospect. Potential buyers willing to make an offer are also less likely to want to negotiate if they know the house won’t need lots of extra work.
Does my house need rewiring?
Even if your house is old, there’s no rule to state that you definitely need to rewire. However, you should get your electrics checked by a qualified electrician approximately once every ten years. Some electricians recommend also rewiring once every twenty to thirty to years to keep any potential problems at bay.
If you notice any subtle flashes of light when you plug in your appliances or get a slight shock when you switch something on, it’s definitely time to get your electrics checked out. If you’re not sure whether your wiring is old or in need of replacement, there are certain signs you can look out for:
• Check for any exposed wiring or wires that have frayed.
• Investigate the cause of flickering lights.
• Older cables tend to be coated in rubber, which may have discoloured over the years. Newer cables, on the other hand, are more likely to be coated in uPVC.
Having an older fuse box is also a sign that rewiring may be a good idea.
What is an EICR test?
An electrical installation condition report, or EICR, is a report issued by qualified electricians to testify that your electrics are safe and don’t present a fire risk. The EICR also serves to ensure potential buyers that they’re safe from electric shocks and won’t have to deal with the electrics tripping.
Can you sell a house that needs rewiring?
Even if you do have old wiring and opt to sell without upgrading, it is still possible to get offers. Perhaps you live in a sought-after area or have a lovely property that potential buyers simply can’t refuse. It’s important to bear in mind, however, that even if you have the most wonderful property on the whole market, without safe wiring, the amount you will be offered will often be much lower. In fact, those that are completely enamoured by your home might see it as a potential money-saving opportunity, as finding fault with a property they love simply means they have an excuse to pay less. The financial loss you would suffer as a result is often greater than the cost of getting your home rewired, so we would recommend getting the work done, despite it not being a legal obligation.
And there you have it! We hope we’ve answered the question “do I need to rewire my house to sell it?”, but if you have any questions about selling your home in and around Birmingham, contact Emma’s Properties today.