So you’re buying a new home. Well, don’t you want to know how well built it is. You wouldn’t buy a car without a once over from a mechanic to see how good of condition it was in.
Home’s like cars, have a lot going on you can’t see and a home buyer’s survey turns you from being a tyre kicker into something a lot more. Older home’s and homes with specific additions such as timber homes, or thatched homes are often more likely to have major structural defects with them.
In turn this means that if you purchase one of these houses without performing a survey you are at a far higher risk of buying a home that has a severe problem. Home buyer’s surveys reduce the likelihood of this happening immensely by checking the home for faults.
Unlike home buyer’s reports, which are essentially a once over, the home buyer’s survey is an in-depth report that takes absolutely everything you can think of into account. Home buyer’s surveys are performed by the Royal Institute of Chartered Surveyors and look in depth into the problems a home may face. So, what’s involved in these surveys?
- All major indoor features from ceilings, walls, woodwork to floors and floors are checked for problems.
- All of the outdoor area is also checked profusely for problems, from the gutters, to the rood to the windows and doors.
- The report goes through all the central and important areas of the home. It rates them from 1-3 in order of how they are with 1 meaning no repair is needed and 3 meaning the area is in need of urgent attention.
- These surveys also perform a check of all the heating areas, as well as the electric, gas and water services running to, from and inside the home.
- It will also let you know should you need to consult a legal advisor and includes a valuation of the home.
The homebuyer’s survey something that can really shed light on the purchase of a home and is especially useful for homes which are older, or have unique features that may not be tried or tested in their current climates. The home buyer’s survey can save you a lot of money and though it may cost a lot, it is often worth it and can help to sell property fast. People regularly uncover issues that cost ten times the price of the survey to put right, saving them a lot of hassle and cash in the long run.
Insurance companies often request these surveys; this is to ensure a home they may consider a risk for certain reasons is okay to insure and is not likely to have a fault. They will be suspicious as they won’t have to pay a large sum should something go wrong. The results of these surveys are long and detailed and though they may seem intimidating at first, usually tend to be the worst case scenario. This means that unless stated by the surveyor, problems are usually fixable for little money, or may not come about at all.
However, understanding what a building survey is and when it is required can save a lot of time, worry and money.
YouSellQuick is a UK home selling business that will sell your home at up to 100 per cent of the market value quickly.