Why is a House Survey Important?

Purchasing a property is a significant milestone for anyone. However, one aspect that is often overlooked is the importance of a survey. So, what is a house survey and why is it important?

What is House Surveying?

House surveying involves a professional surveyor examining the property to identify any problems. This process is essential to understand the true condition of the house you are planning to buy. Surveyors assess various elements, including the roof, walls, floors, windows, and any other structural aspects that might not be immediately visible.

A thorough home survey is an indispensable step that can save you from future headaches and unexpected expenses. Whether you opt for a Homebuyer Report or a more detailed Building Survey, the benefits of gaining a comprehensive understanding of your prospective property can be significant.

Uncovering Flaws

A home survey can reveal issues that aren’t apparent during initial viewings. Structural problems, dampness, faulty wiring, or plumbing issues might lurk underneath, which could risk costly repairs down the line. You can gain valuable insights into the property’s true condition, enabling you to make informed decisions about your purchase.

Financial Shield

Investing in a home survey is a smart financial move. It provides an accurate understanding of the property’s condition, which can help you plan for necessary repairs, negotiate a fair price, or even reconsider the purchase if significant issues are found.

Long-term clarity

Knowing the condition of your new home helps you anticipate and plan for maintenance and repairs, minimising the chance of unexpected and costly surprises. Ensuring your new home remains a source of stability for years to come.

Head of Countrywide Home Surveys, Helen Stead says:

"For most people, buying a property is a big financial decision and there is a significant knowledge gap around the difference between a survey and a mortgage valuation. Buyers who didn’t commission a survey typically faced unexpected costs in the region of £6000.

A survey can highlight any serious problems allowing you to renegotiate and go into the purchase without unexpected costs further down the road.”

For more information and to ensure you receive the survey that’s right for you, get in contact today.

If you’d like to discuss the options available to you, contact your adviser today.