Although agents in areas of the UK severely hit by the winter storms are reporting that interest from prospective buyers has not been affected, chartered surveyors claim that existing owners whose homes suffered may be in for a nasty bill of £30,000 to £45,000.
RICS says the average cost of restoring a flood-hit three bedroom house to its former condition could be on average £30,000 with flood proofing costing an additional £15,000.
The £30,000 cost includes repairs or replacements for timber floors, plasterboard, kitchen units and cavity wall insulation; it warns that home owners without comprehensive cover could have to foot the entire cost themselves.
RICS says additional flood prevention measures including adding non-return valves to drains, raising power points and laying tiled floors, would cvost an additional £15,000.
While clearly a substantial extra cost, those who have fallen victim to the recent floods should seriously consider flood proofing as a means of both protecting their home and ensuring that they don't have their lives turned upside down to the same extent in the future says a RICS report.
The surveyors' findings may make uneasy reading for agents in areas of the country which are still drying out, and who say they are keen to allay the fears of prospective buyers considering homes in coastal and flood-prone locations.
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