When buying a property there are many procedures you have to follow to determine the true value of your purchase and more importantly, the structure of your property. Chartered surveyor’s offer a plethora of structural and building surveys, however, do you know which one your home needs?
When you buy a new home and take out a mortgage, your mortgage broker will conduct a valuation of the property which you will be charged for. This is not the same as a survey, as they just determine how much the property is worth with a note about any major works that may be necessary and would affect the value of the property later on.
What survey do I need?
Not all homes require the same type of surveys as you don’t necessarily need the same information. Here’s a list of the different types of surveys you can choose from:
- HomeBuyers Report
- Home Condition Survey
- Building Survey
- Asbestos Surveys
- Structural Engineering Surveys
- Subsidence Investigation Surveys
- Party Wall Surveyor
- Roof Survey
Why do I need a survey?
Survey’s give a detailed inspection of the condition of a property and show you what’s lying beneath the surface which is crucial to determining the value of a property. A surveyor will outline the structural problems like the condition of the walls, frames and ceilings as well as any major repairs or rewiring that need to be conducted quickly.
The only benefit you need to know about conducting a survey on your property is that they avoid you experiencing any nasty and expensive surprises in the future that could make the value of your property plummet or causing worse, longlasting issues. They are also extremely reassuring especially in circumstances where the buyer is new to the property game, the building is listed or you have bought a property from an auction that is old or unusual.
How do I choose the right surveyor?
The best way to determine which surveyor to work with is by making sure they have knowledge of the local area as well as experience in working with the type of property or building you are purchasing.
We cannot emphasise enough how important it is to ensure the surveyor you are using is qualified, we recommend using RICS qualified surveyors.
How do I get the most out of my survey?
We tend to hear a lot of complaints that people never really understand what they are getting out of their survey or don’t know how to respond to them so we came up with these few considerations that you should take into account when conducting your survey:
- Using a professional RICS qualified surveyor means you will get the most for your money as they will know the ins and outs of every aspect of your property and will have the capacity to determine other issues that may occur later.
- Ask friends and family if they have ever had a survey or report conducted on their properties to see what value they gained from there’s and at least you know what to expect when you come to do yours.
- Follow your surveyor around the house and make sure they investigate every room and crevice.
- Ask your surveyor questions that worry, no matter how silly or small they may be. It’s your house so you should understand everything they are looking at.