-
Remember you aren't negotiating against the potential cost of the works - it's the uncertainty that you are trying to factor in to the price
i.e. the cost of putting away £10k in preparation of it, only to find out it costs £25k
or
you put away £25k to pay for it, it costs £7k
or
they say fuck it, and regenerate
and
You need to sell later on, before the works, potential buyers are put off by the uncertainty
So you know, at our place (50s low rise) communal decoration, abs removal, pointing, window repairs, new roof, estimate £17k, had been talking about it since we moved in 2011.
Do they know when they are going to bill us? Do they fuck!
Remember: few people want to buy LA property, even fewer with the potential for works hanging over their heads.
That sounds a lot like it's to get their housing up to the level to meet the Decent Homes standard (2006). The deadline for this was supposed to (I think 2010) but lots of Councils applied for extensions to this, I know Lambeth did as we had major works completed last year along with a huge amount of other estates in the borough.
For reference the works on our block included asbestos removal, concrete repair, roofing, double glazing for every property (approx 25). Our 1 bed flat estimate (still not finally billed) was almost £25k.