In every investment/ buying process, as a customer, you need to be informed so when buying a home you might need to get a home survey to have the right information about the assets that you are investing in.
But there are different types and levels of home surveys, coming with different costs and you might be confused about how to choose the right home survey.
A house survey is a detailed property condition inspection done by a specialized surveyor, which identifies problems for a prospective buyer/investor.
Before commissioning a survey, you should check that the surveyor is a member of RICS - Royal Institution of Chartered Surveyors. RICS surveyors provide three 'levels' of the survey:
Most property purchases are coming with spending a lot of money on buying the actual asset, and a survey might look like an unnecessary expense.
But it’s far better to be aware of any problems before you buy a property, so you can make an informed decision about how much you’re willing to pay for it and, if necessary, budget for any repair work that needs doing. Also, this can help you push necessary things to repair at the owner's expense, or the findings can help you in further value negotiations.
It’s advisable to make sure the information for your home is up to date and the house is safe to live in and maintained to decent standards. Most of the time the surveys are used to confirm if the improvement projects/plans are accurate and make sure you’re getting value for money from your investments.
It depends on the level of survey contracted and, the size of the property. For instant:
When we are discussing a full structural survey the time might vary considerably depending on the type of property you're buying, and might take as long as a full day.
After the survey is done, our surveyors will inform you how long the report will take to provide the report, but it shouldn't be longer than five days (level one or two) or 10 days (level three).
When contracting a specialist to run a survey, make sure you do the following:
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