Are property surveys worth the cost? How do you know which type of property survey to choose? Never fear, as Phil Spencer is here to guide you and help you understand the different types of property surveys and what you need to know about each one! Property surveys are something that homebuyers cannot afford to ignore. A property survey can reveal anything from hidden damp and subsidence problems to the broadband speed available in the property you want to buy.
Survey costs can vary greatly as well as the level of detail provided in the different property survey reports.
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WHAT YOU NEED TO KNOW ABOUT PROPERTY SURVEYS
To start, there are two things you have to know about property surveys:
1 - you don’t have to have a survey
2 - a mortgage valuation is not the same as a survey
Watch Phil's video in full to understand:
- the difference between a mortgage valuation and a property survey
- the choice of different types of property surveys, ranging from the RICS Condition report, to an RICS Homebuyer report to a Home Condition report.
- understand how a building survey, also known as a structural survey, differs from a property survey
- the potential cost of the different types of property surveys
- what to do if your property survey highlights some major problems
- why even new build homes need a snagging list and a survey
HAS A SURVEY SAVED YOU A WORLD OF TROUBLE?
Let us know in the comments below what problems your survey has highlighted in the past, and what you did as a result? We'd love to hear your experiences.
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