North East Connected

LEVEL UP: top tips for buying a home in a building with a lift

The stamp duty holiday triggered a surge in home purchases, with people aiming to complete deals ahead of the original deadline. Recent HM Revenue and Customs data shows that UK residential transactions increased by 48.5% compared to February 2020, and made a 23% jump from January.

Sheridan Lifts, a family-owned UK-based lift services provider, offers pointers for people looking to purchase a property in a building equipped with a lift. Tony Sheridan, managing director, says, “When it comes to buying a home, we see people having trouble making up their minds because they want to do their due diligence, but don’t necessarily have all the knowledge to evaluate certain features, such as the state of a lift, as this is often a cause for concern. As a company that’s equally adept in installing, maintaining and repairing lifts, we think they just need more information to make the right decision before the 30 June deadline.”

What to be aware of when reviewing the state of a lift

Tony adds, “While the average buyer might avoid purchasing a flat on a higher floor, we advise them to think twice. Top floors bring the benefit of true peace, as there are no upstairs neighbours, but also less foot traffic as very few people will have a need to pass by. Aside from having more privacy, there’s also the plus of being high above street-level, away from traffic noises, offering advantages such as dust pollution and fewer pests. Another perk is having a great view and natural light for most of the day, but possibly also lower heating costs and electricity bills. Thefts are also less likely, as top floors can mainly be reached via card-only access lifts.”

Exit mobile version