If you need a homebuyers survey, here are the Frequently Asked Questions to give you a better understanding on what is involved. Read our FAQ: What’s Involved In A Homebuyer Survey
Do I need a homebuyers survey?
Getting a homebuyers survey carried out on a property will inevitably highlight any structural and cosmetic defects that could affect the price, or your decision to continue with the purchase.
Although its not a legal requirement, some mortgage lenders will insist on having a homebuyer survey carried out, before lending you the money.
What defects might be found?
A homebuyers survey may detect a number of defects with the property, some of which, could run into thousands of pounds to repair. A Homebuyer Survey could save you money if the survey detects, rot, damp, deterioration, subsidence and more.
How long does a Homebuyer Survey take?
The survey can take approximately 2 – 6 hours depending on the size of the property.
How much does a Homebuyer Survey cost?
A homebuyers survey varies in price depending on location and the size of the property. Generally, the price of a homebuyers survey starts at around £350 for an independent homebuyers survey.
Are FREE homebuyer surveys worth it?
A free homebuyers survey is often carried out by a firm who will also carry out any remedial works that are required. Often, this produces biased reporting and isn’t recommended. It is far better to instruct a professional independent surveying company.
What advice is given after the survey?
Once the survey is completed, a surveyor will send you a detailed report of all defects found. This should include all structural and deterioration issues. You can then use this information to gain a cost estimate of the works needed to make good. This information could also be used to negotiate on price, assuming you still want to purchase the house.