If you are in the process of buying a new house, then you might have heard about homebuyer’s surveys and are wondering whether or not it is going to be worth you paying for one. A homebuyer’s survey is a type of survey that is conducted on the property to find any issues that you may need to know about before you complete the sale. In general, the survey will set you back around a few hundred pounds and is certainly worth getting for your peace of mind and future cost savings. Keep reading to find out more about the main reasons why getting a homebuyer’s survey done is worth it.
Peace of Mind
Have you ever heard stories of somebody buying a house only to find that once they owned the place, things weren’t as they seemed? Don’t let that be you – the point of the homebuyer’s survey is to check for any issues that you might not notice straight away like hidden damp, subsidence, wet and dry rot, and even pest infestations. Once you have the property surveyors look over the property and get your home buyers survey report back, you’ll be much more informed as to what you are getting yourself into. Find a house surveyor in Norwich here.
On average, buyers who pay for a surveyor from RICS to conduct a building survey such as a home buyers survey before buying will save thousands of pounds in the future. This is because when you are aware of any issues that the property has thanks to the chartered surveying, you know what you need to work on as a matter of priority. Since issues like damp can often go undetected for a long time if you are not a professional and don’t know what to look out for, not having a survey carried out could mean that by the time you’re aware of the issues that are present, they’ve gotten worse, and will be much more expensive to repair.
A homebuyer’s survey will not only provide you with further information on what issues the property has but will also give you an estimate to work with when it comes to how much you can expect to spend on fixing the problems. With this information, you may be able to negotiate with the seller to sell the property to you at a lower price so that you can free up money to make the necessary repairs, or even have them make the repairs before you buy the property from them.
Finally, if you are going to buy a property and want to do some work on it, a homebuyer’s survey can help you stay safe. By uncovering any issues, you will know what might pose a hazard once you start working on the house, even if it’s not immediately obvious.
If you are buying a house, a homebuyer’s survey isn’t legally required, but it is definitely worth paying for and is recommended by experts for all buyers to get for peace of mind and cost savings.