It’s the done thing, but you may be asking yourself why exactly you actually need a property survey? Especially as it may seem as an unneeded extra cost at a point where money really matters. For most people purchasing a new property is the biggest investment your ever likely to make, so choosing the right survey is crucial to help make your investment as safe as possible for the future. Below we will outline the various different types of survey and make it as simple as possible for you to choose the right one for you.
A property survey is carried out by highly professional chartered surveyors to examine the condition of your property. Unfortunately, only 20% of people go through with a property survey assuming it will be too expensive and delay the home buying process. This isn’t the case, however, as the survey will highlight any structural damage or serious altercations which you might not have spotted yourself, ending up saving you money in the long-run.
When it comes to surveys there are three main types that can be undertaken;
As already mentioned, property valuations are usually required as part of your mortgage application process and look at the very high-level condition of the property in order to give a valuation. A Homebuyers report, on the other hand, gives a deeper survey of the building and looks at the key areas that often have issues in modern homes. Full structural surveys go much deeper into the fabric of the building, look at specific areas and are particularly useful for older or unusual builds.
Although getting a survey may seem like an unnecessary cost, there are a number of benefits that should be considered before writing it off. Surveys are here to help you take the risk out of buying a property. As the most expensive commitment you’re ever likely to make its condition is important as it could leave you out of pocket in the future. Imagine you buy a house and suddenly realise it’s riddled with problems like damp, and subsistence that would cost thousands to fix. You probably wouldn’t buy it right? This is exactly why you get a survey done. It protects you against unnecessary risk and
Different types of survey look more or less into the overall condition the home you are buying. This is also linked to the cost of the survey, with the least expensive only looking at the top-level condition and the more expensive looking deeper into the condition of the property. There are a range of common issues highlighted by surveys, but below we highlight what each of the three main types of survey will pick up on.
To get the best possible Survey you should stick to a provider with the following:
Edward Mellor’s Survey Team are members of the Royal Institution of Chartered Surveyors (RICS) – ensuring every inspection is completed to the highest possible standards. Get in touch with a member of our Survey team today on 0161 443 4580, or click here to fill out our enquiry form.
