Selling House With Spray Foam Insulation
There are many homes across the UK that have spray foam insulation, but you could face additional complications trying to sell this type of property.
Your top questions when selling a house with spray foam insulation
✅ What is spray foam insulation for properties?
Spray insulation is an alternative to conventional insulation at freehold or leasehold properties and is applied as a foam that then sets into hard insulation. It has been in use for about three decades and can be used at many different types of properties. Typically, spray insulation must be applied by a professional and it can be used on roofs, walls, floors and lofts.
✅ Are there any benefits associated with spray foam insulation?
Yes, there a few advantages that you can get with spray foam compared to other types of insulation. One major benefit is that the foam is easy to target in almost any area, which makes spray insulation a good option if you’re trying to add insulation to an area that is hard to reach. In some situations, spray foam may also provide better noise reduction than other insulation.
✅ What are the disadvantages of spray insulation?
There are unfortunately several drawbacks associated with spray insulation, including the fact that poorly installed foam can trap condensation which can eventually lead to the rotting of roof timbers, creating structural integrity problems for a property. If the foam is of poor quality or has been badly installed it can also collapse, with the risk of it falling into a home’s water tank.
✅ How does spray insulation affect being able to get a mortgage?
Many home loan providers are wary of their ability to resell properties with spray insulation, in the event that someone purchases your home and then defaults on the loan, and the lender then moves to sell the property again. For this reason, you should consider approaching buyers that will not need to obtain a mortgage, including quick buyers like LDN Properties.
✅ Should I remove spray foam insulation before selling my property?
You can certainly consider removing spray foam insulation from your home before selling, in order to eliminate this is a potential drawback for buyers. But beware that the cost of this work can be thousands of pounds and it might also take a very long time, so neither of those outcomes will be good if you’re trying to sell your home fast and without extra expenses.
✅ What's the fastest way to sell a property that has spray foam insulation?
Your best choice is likely selling to a quick home buyer such as LDN Properties, because they have the ability to complete the purchase of a property within just a few short weeks. If you instead decide to sell on your own, sell via an auction or sell using an estate agent, these are all methods that can take at least many months before you’re able to exchange contracts.
✅ Which options for selling my home with spray foam insulation will require that I pay fees?
If you decide to sell your home through an estate agent or at a property auction then you will have to pay them commission that will increase your expenses, because the fees would be deducted right away from the eventual sale proceeds. But if you sell your house or flat to a zero-fee quick buyer like LDN Properties, or sell without any assistance, you’ll pay no commission.
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