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Sell a house with thatched roof

Property Saviour » Non Standard Construction » Sell a house with thatched roof

A thatched roof can be a great addition to a property that can make it more attractive to potential buyers. However, selling this type of home can be tricky since there could be complications.

We’ve compiled some useful information to assist you and the people you’re selling to.

Table of Contents

What is a thatched roof on a house?

Thatch roofs have been around since at least the 1500s. To make them, long-stemmed plants like straw, wheat or others are gathered and woven together to form a durable roof on a stand-alone home, usually with one or more floors.

In the past, this was a cheaper way to build a roof over a small home. However, thatching a roof today is more complex and usually very expensive. It’s also time-consuming, according to British Heritage Travel.

Thatch-roofed homes are often seen as picturesque, as many are cottages situated in the countryside. This guide will later explore the benefits and drawbacks of this type of roof, which may influence your ability to sell it easily.

Why did people stop using thatched roofs?

The potential risks associated with thatched houses make them harder to insure. According to statistics in the UK, 50 to 80 thatched roofs are destroyed yearly in house fires.

Additionally, thatching is labor-intensive, making it more costly than covering the roof with slate or tiles.

Sell house with thatched roof
Thatch-roofed homes are often seen as picturesque, as many are cottages situated in the countryside.

Reasons in favour of having a thatched roof when selling

Having a thatched roof can be a great selling point for your property, as it can attract more buyers and give them an added incentive to make an offer.

Knowing the advantages of a thatched roof is essential for any seller, as it allows them to emphasize the positives.

One of the main benefits of having a thatched roof is the insulation it provides. It helps to keep the property cool in the summer and warm in the winter, reducing the need for extra electricity to heat the home and lower monthly utility bills.

Thatching is a great choice for the environment, as the natural materials used can be regrown.

Buyers who value eco-friendly properties may be more inclined to consider your home, due to its thatched roof. Generally, these roofs can last for over 60 years before repairs or replacements are needed.

If your thatched roof is in great condition, this could be a great incentive for buyers, as they won’t need to worry about large repair bills in the future.

Drawbacks of owning a thatched roof home

Owning a leasehold or freehold house with a thatched roof can have some drawbacks.

Algae and moss can accumulate in the material of thatched roofs, making them an unsightly colour and potentially rotting the roof.

They can also be more of a fire hazard than properties with tiled roofs – a dealbreaker for some buyers. Mice and birds may be more likely to inhabit thatched roofs, increasing the risk of an expensive infestation.

Furthermore, thatched roofs can be more vulnerable to the elements, potentially leaking during heavy rain or being damaged in high winds.

Getting ready to sell your thatched roof property

Making sure your home looks presentable is an important step in the process of selling. It’s all about first impressions, so spend time sprucing up the exterior.

For a thatched roof property, that can include tasks like weeding and mowing the garden, freshening up any chipped paint, fixing any broken glass and more. If the outside of your home looks neglected, buyers may think it’s worth less than the asking price.

Aim to make the house look open, bright and clean, as this can help buyers see it as more valuable. If the thatched roof is damaged, you’ll need to decide whether to repair it before selling. If you’re unable to pay for the work, you can still sell quickly and get a good price.

Contact a quick home buyer like Property Saviour – they offer competitive offers for any freehold or leasehold property, no matter its age, condition, size or type. You’ll likely have the sale completed in a matter of weeks, even with a damaged thatched roof.

What Are Options to find a buyer for your property
An estate agent can do a lot of the heavy lifting when it comes to selling your home, but keep in mind that they will typically charge a commission based on the sale price.

Tax liability when selling a home with a thatched roof

Budgeting for the sale of your thatched home is extremely important, and one factor that you must take into account is Capital Gains Tax.

This is a tax that the UK government may charge on the gain, or profit, that you make from the sale of physical assets such as your home, car, artwork, and more. Note that the tax only applies to the profit, not the sale price of the property.

To lower your tax owed or even avoid paying this tax, you should speak to a financial professional. They will be able to identify ways to help you.

Selling with an estate agent

An estate agent can do a lot of the heavy lifting when it comes to selling your home, but keep in mind that they will typically charge a commission based on the sale price. This will be taken out of the final sale proceeds, meaning it will be an additional expense.

They can prepare a listing featuring photographs of your home’s interior and exterior, advertise it in their office, local media and online, organise viewings, and field offers from buyers.

Selling at an auction

When using an auctioneer to sell your thatched roof home, it’s important to make sure they have experience in selling this type of property.

Ask them about their past success with selling similar homes. If they don’t have the necessary experience, it may be difficult for them to attract interest in your property.

Selling property without any help
If you don't want to use an estate agent or auctioneer, you have the option of selling your home without any assistance.

Selling without any help

If you don’t want to use an estate agent or auctioneer, you have the option of selling your home without any assistance. This means you’ll have to manage each step of the process, from drafting and advertising the listing to organising viewings and hearing offers from buyers.

This is a lot of work, and it can be quite stressful. It also takes a lot of time. Unless you have previous experience with property sales, or a knowledgeable friend or family member willing to help you for free, it’s best to avoid this method.

Selling to Property Saviour

Property Saviour is a great option if you’re looking for a fast, hassle-free sale. We have the funds available to buy almost any type of freehold or leasehold property, so there’s no need to wait weeks or longer for a mortgage.

Typically, the sale process can be completed within just a few weeks, including payment to the owner and the exchange of contracts.

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