Information for property developers
An infestation of Japanese Knotweed can be an extremely costly issue if it isn’t dealt with quickly and effectively, so it is important to know how to identify Japanese Knotweed, and what you should do if you suspect you have it on your site.
Continuing with works on a site which you know contains Japanese Knotweed is nothing short of foolish. Japanese Knotweed can devalue property by up to 50%, meaning all your investment will be in vain. Additionally, mortgage lenders will not give funds for properties with Japanese Knotweed, so you may find yourself unable to sell the development prior to completion.
If you are developing with the intention of keeping the property in your portfolio then you may be setting yourself up for further repair costs in the future, as Japanese Knotweed will seek out any weaknesses in foundations and exploit them, potentially causing serious structural damage.
In addition to all of this, there are legal implications to having Japanese Knotweed on your site. In allowing the infestation to spread onto neighbouring properties, you are breaking the law. Neighbours are able to initiate legal proceedings against you, meaning you could be liable for claims running into thousands of pounds, and even prosecution in some extreme cases.
If you suspect you have Japanese Knotweed on your site the don’t take the risk, contact us today for further advice.