When you are looking to buy a home, there are many different factors that you need to take into account before you purchase it. The most common points that stop the decision to buy a place are the location, price and size of a potential home. However, underneath the apparent things, there may be a set of covenants that genuinely put you off the purchase.
Covenants usually only come out during the conveyancing phase of the purchase. The Home Buyers Survey is done and returned with no issues; however, it might throw up a covenant you disagree with when the legal work is done. It’s not too late to leave it, and there may be a solution to the problem. It’s where a good conveyancer like Sam Conveyancing can help.
A covenant is a restriction placed on the property from when it was first built. If it is an older property, there will be much more in place than a new one. Most covenants excluded you from owing livestock or running a retail business like a shop from the home. However, they can take on more restrictive measures. Whilst it may not have been your dream to own and raise chickens at some point, if a covenant stops you from building an extension or changing a part of the property you don’t like, then you might have to think again before you go and buy it.