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Our Top 3 Reasons to Get a Home Survey

Whether you're a cash purchaser or getting a mortgage, a first time buyer or a seasoned investor, there's always a good reason to get your own Home Survey.

You might be a first time buyer, an investor, a downsizer or moving up the property ladder. Everyone has different knowledge, experience and expectations of property but, regardless of your background, you’re spending an awful lot of money on your new house.

 

A survey such as an RICS Homebuyer Report will give you the information you need to decide whether or not this is the house for you. A Homebuyer Report provides vastly more information about the property’s condition than the mortgage valuation carried out by your bank. This means it should be an essential step in the buying process for both purchasers who are getting a mortgage as well as those who are paying cash.

 

We've put together our top three reasons for getting a Homebuyer Report before you commit to purchase.

 

1. Uncertainty

If you’ve never bought a house before or if you’re buying a different type of property to the type you’re used to there is a lot to learn. Do you know the difference between solid brick and cavity walls? Could you spot the signs of cavity wall tie corrosion? Are the services likely to need upgrading in the near future? How do you tell if it’s damp or condensation? Do you know which elements of the property could contain asbestos? When you commission a Homebuyer Report you’re paying for our knowledge and experience to guide you on issues such as these so that you can make an informed decision.

 

2. Reassurance

Maybe you’ve bought a few similar houses in your time and feel you’re aware of the likely issues with this one. Perhaps you’ve viewed your potential new home a few times and haven’t seen anything that concerns you. Or maybe you have noticed something but don't think its serious. A Homebuyer Report by an experienced and qualified professional will allow you to proceed with your purchase free from any nagging doubts.

 

3. Further information

It’s an older house and it’s clear it needs work. Just a new kitchen and bathroom and a lick of paint, right? If you’re not used to renovation projects a Homebuyer Report will let you know the extent of upgrading that’s required so that you can form a detailed plan and budget prior to committing to purchase. Maybe you’ve spotted an older property that’s been recently renovated. Homebuyer Reports are particularly useful in this instance to let you know to whether the renovation has been carried out to a good standard or if corners have been cut.

 

With prices starting from around £300+VAT, a Homebuyer Report will give you the information you need to proceed with confidence.

29 March 2017

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