Benefits of Home Condition Surveys
We hope you will take a moment to look at the many benefits of taking a Home condition Survey
Peace of Mind
• Identify major problems with the home you are buying
• Highlight any hidden areas of possible concern that need further investigation
• Help you plan for future expenditure
• Carried out by accredited and comprehensively trained and insured surveyors
Home Condition Surveys are vital as Your home is likely to be the biggest investment of your life, yet many buyers do not commission an independent survey on its condition.
Did you know? Although your lender will usually require you to pay for a valuation report, it only answers the lender’s questions about the appropriate security of your loan. Although it is often called a ‘survey’ this is incorrect. You cannot rely on it to highlight any defects or provide you with a detailed report on the condition of the property.
Both Which? and the Council of Mortgage Lenders advise that all buyers should commission an independent survey and report on the condition of a property before buying.(Home Condition Surveys)
Which? found that for those people who did not get a survey, on average one in four had to spend over £2,500 to put serious defects right which would have been identified in a condition report. For one in ten people it was over £10,000. By contrast, those that did get a proper Home Condition Surveys were able to negotiate a reduction in the asking price of the property that averaged £2,000.
Home Condition Surveys
A fast and comprehensive service to inspect your new home to identify repairs that are likely to affect your decision to purchase. Carried out by a fully qualified and accredited residential surveyor it gives you a plain English, professional report on the condition of the property using a simple 1,2,3 rating guide. You will understand any risks or unforeseen expenditure that could crop up when you are settled in.
The Benefits of Home Condition Surveys
are considerable and the investment low.