You probably don’t need me to tell you this, but buying a home is a big investment. So, my answer to ‘Should you get a property survey?’ is always a quick one. Yes – every single time! Read on for my top reasons why.
No matter how picture-perfect something looks from the outside, you don’t know what could be lurking beneath the surface. The only way to find out? A house survey. If you’re still on the fence – perhaps I can change your mind on that.
Your mortgage lender hasn’t done it for you.
Don’t fall into the trap many other homeowners have. A mortgage valuation isn’t the same as a property survey. This process is all about looking after your lender’s interests, ie if their loan is safe. It won’t inform you of the structural stability of your potential new home.
Not all issues are visible.
You could be standing inside the most stunning property in the world. It doesn’t mean it’s without its problems. From subsidence to damp, some issues can’t be seen – or they can be easily covered up. I’d recommend finding out before you part with your cash!
Could haggle on the asking price.
If a property survey reveals a few inconvenient truths for the seller, this could give you a bit of wiggle room on the asking price. You could use the findings to help you negotiate the house price down. Remember, though, you’ll still have to pay for the cost of repairs.
Can save you money in the long term.
If don’t want to pay for the cost of a survey, do you really want to pay for the cost of potential repairs later on down the line? Spending now could save you tomorrow.
Modern doesn’t mean problem-free.
Don’t be fooled into thinking surveys are reserved for old properties only. Some structural issues don’t discriminate!
It’s a house not a home.
It’s important not to let emotion cloud your judgement. A surveyor won’t be wondering which bedroom will belong to who, they’ll be looking for issues that would affect you living there. They’ll look at things in a way you can’t! If you’re already describing it as your ‘dream home’, a survey can help you know for sure if it’s just that.
Move iQ is supporting the RICS (Royal Institution of Chartered Surveyors) in an effort to bring fairer standards to all hopeful homeowners. This is a topic I feel very strongly about!
Seller’s might not know the answer.
By law, estate agents and sellers are required to answer a question about the property if asked directly. But, what if they’re unaware of the issues?Here’s a tip from yours truly: find out before it’s too late!
Connect with a surveyor today.
Hopefully I’ve managed to convince you that getting a survey is a good idea. This is one of my most important tips for all home buyers. The only thing to do now is find a surveyor. Luckily, I might just be able to help you there.
My property advice site Move iQ is here to help you on your journey, from start to finish. We can connect you with an experienced, licensed, local surveyor should you need one. Everyone we work with offers a price promise as well as peace of mind. Get your property survey quote for free here.
Whether you’re buying, renting or moving, Phil shares his property advice all in one place over on www.moveiq.co.uk