If you are planning to undertake building works that involve a party wall, it is essential to be aware of the associated costs. A party wall is a wall that separates two properties and is jointly owned by the owners on either side of the wall. Any work that affects the party wall, such as building an extension, requires the owner to serve a notice to their neighbor, and a party wall agreement must be reached. The costs associated with party wall agreements can quickly add up, but there are ways to keep them down.
Reducing the price of the party wall is a common concern for property owners who are undertaking building works that require a party wall agreement. A party wall agreement is a legal requirement to protect the rights of the adjoining property owner and can involve costs such as surveyor fees, legal fees, and repair costs. Here are some tips on how to reduce the price of the party wall:
1. Early Communication:
Effective communication with your neighbors can prevent any misunderstandings or disputes that could increase party wall costs. Start by talking to your neighbors about your building plans and inform them of any party wall notices you will be serving. This communication can help establish a positive relationship with your neighbor and avoid any legal disputes that could increase costs.
2. Hire a Party Wall Surveyor:
It is essential to hire a party wall surveyor to help you with your building project. However, it is important to shop around for a surveyor and compare costs before settling on one. Look for surveyors with experience and good reviews, and ask for quotes before hiring one. You may also consider asking your neighbor to share the cost of the surveyor, especially if the work benefits both properties.
3. Consider a Party Wall Award
A party wall award is a legal document that sets out the rights and responsibilities of the property owners and the surveyors. It is also a record of the condition of the party wall before the building works commence. Although the cost of a party wall award can be high, it can save you money in the long run by avoiding disputes and potential legal issues.
4. Minimize Building Works
If possible, consider minimizing the building works that affect the party wall. This approach can help to reduce party wall costs as there will be fewer elements to consider in the party wall agreement. You can also consider alternative construction methods that do not involve the party wall, such as building a freestanding structure.
5. Plan Ahead
Planning ahead is essential in keeping party wall costs down. Before starting any building work, it is important to consult with your party wall surveyor and your neighbor. Discuss your plans and any potential issues that may arise, such as access to the party wall, potential damage, and noise. Planning ahead can help you identify any potential costs and prevent them from escalating.
In conclusion, keeping party wall costs down requires effective communication with your neighbors, hiring a party wall surveyor, considering a party wall award, minimizing building works, and planning ahead. By following these tips, you can keep party wall costs down and ensure a successful building project without breaking the bank.
For more information you can call us at 020 3875 9279 or e-mail us.
Adam Joseph Chartered Surveyors is a trading name of Sherling & Partners Limited
Website: https://www.sherlingandpartners.co.uk
Registered Address: Balfour House, Suite 206, 741 High Road, North Finchley N12 0BP
Company Number: 10621087
VAT Number: 265816036
We serve clients in East Ham, Putney, North London, Essex, Finchley,
Birmingham, Richmond and Cambridge.
Our services includes Party Wall Surveyor & Level 3 Building Survey