What kinds of house surveys are there?

Purchasing a new home is always an exciting time, making sure you have the right survey to protect yourself and your investment should not be taken lightly.

The Royal Institute of Chartered Surveyors (RICS) prescribes rigorous standards for their members, so you can trust that a qualified surveyor will appraise the property accurately. An accurate assessment gives buyers peace-of-mind and buying power - both invaluable when looking to purchase a home.

A thorough analysis could be your saving grace if it reveals any existing issues not previously known. Use this knowledge as leverage in negotiations with potential sellers; give yourself an edge right from the start by opting for a quality survey report.

There are three main types of survey:

A Condition Report

This will give an overview of the property’s condition and highlight any major issues – and will not go into great detail.

The condition report uses traffic light ratings for the condition of different parts of the property.

Homebuyer’s Report

Investing in a Home Buyer’s report is an important step for prospective homeowners, as it provides invaluable information on the condition of their potential property.

Combining both market valuation and rebuild cost estimates along with advice on needed repairs or adaptations to meet current building regulations, this non-invasive survey offers peace-of-mind when selecting your new home without disrupting any furniture or fixtures.

Building Survey

Get a comprehensive assessment of your property with the most in-depth survey type. With this option, an experienced eye will spot any issues and provide exhaustive repair advice; plus project estimates for work completion times and costs if requested. Take into consideration that it may take up to a day depending on the size of your real estate endeavour.

It is important to remember that a Mortgage Valuation does not provide an in-depth analysis of the condition and value of your potential new home. This assessment, carried out on behalf of the lender by qualified professionals, serves as merely an indicator for establishing whether their loan will be secure from loss.

Contact us to speak to us in more detail about surveys.