They work for you
Getting an independent building survey means the surveyor you choose will work exclusively on your behalf. It will be their job to identify and inform you of any building defects and damage they find. They will compile a report with all the necessary information. Once a report is complete, the building surveyor will be able to assist in the follow up steps and should contact you to inform you of anything serious that was picked out.
Buyers end up paying more without a building survey
On average buyers who have purchased a home that has had improvements and work carried out to the property face a cost of £5,500 to £6,000 in repair costs. By arranging a building survey for the property before purchasing, it will highlight any visible and hidden defects. This could include structural damage, dampness from wet rotting or any problems to the roof, interior or exterior. These defects will continue to get worse if they’re not attended to, resulting in big pay outs in the future. From the latest research we can see that just over 15 percent of new homeowners that don’t get a survey will end up paying a large amount of money, ranging from £12,000- £15,000 on average. This will be to ensure their homes are safe and habitable.
It’s probably the most expensive purchase you’ll ever make
When we think about the purchase of a house, it will most likely be the most expensive purchase you will ever make. This will give you an even better excuse to arrange a building survey before purchasing the property as so much money will be at risk. If you look at the price of a property and the price of a survey, it’s a fraction of the cost. For a minimal fee, you will be able to find out if there is any damage or any issues that will cause future problems and further cost.
Its puts you in a good position for negotiation
By having a survey there is a higher chance of possible renegotiation of the original price. Whilst the survey is being carried out and a defect is found, or damage to the property is located, you have every right to point them out to the seller. You should use this to your advantage as you may be able to decrease the price asked for on the basis that you will carry out the work required.
Hughes Surveyors carry out all commercial and residential buildings surveys, including listed and historic buildings. To find out more about our services contact us on 01202 879 551 or email us on survey@hughes-surveyors.co.uk