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There are different surveys that property buyers can take before committing to buy a house. While it may seem as though choosing a survey is confusing, it really isn’t. The different surveys available are distinct in what they look for and therefore a buyer can easily choose one depending on what they want. Where there is increased doubt or suspicion about a property, a buyer should take more precaution and vice versa. One has to also factor the reason for the survey in the first place.

In order to accurately choose a survey, a home buyer should be aware of the different surveys available and what each one of them entails. A valuation is not a survey per se even though it’s taken by most to be one. This is always carried out by a mortgage lender and focuses on pricing while lightly noting the repairs needed. A homebuyers report is more detailed and notes the condition of the property, what has been done and what still needs some work while giving a valuation. A condition report is slightly thorough than a valuation but offers no pricing for the house. The building survey is the most detailed inspection and looks at the structure of the house noting its stability, foundation, walls and roofing.

If your house is relatively new or has a warranty from NHBC, you are certain that the house is compliant with the building guidelines. A homebuyers survey will therefore be sufficient to just go over the status of the property and verify that there are no overlooked details. If you’re the first owner in, a condition survey might suffice unless you have concerns.

If your house is old, has had a lot of wear or is exposed to dangerous elements such as wind and high water levels then you might want to think about a building survey. This is because the property could have been damaged internally over time and may either need a lot more work than you might deduce or has very short lifespan.

A building survey is also advisable where the buyer feels that the house has had too many repairs or is not safe. In such a scenario, it’s best not to cut corners but to seek a detailed report which can only be obtained from a building survey. The same applies when a house has suffered an accident either from a car or a fallen tree. If the damage is not very extensive, a homebuyer’s survey or condition survey will be enough.

If you plan on making changes to the house you’re buying or undertake drastic repairs, a building survey is once again the best choice.

When not sure what to do, it’s best to go for a home buyers survey. Should the survey point to more grave issues, one can then proceed to get a building survey which is more thorough.

 

Posted Aug 22, 2014 at 3:59am

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  • General: What Kind of Survey Should I Get?

    There are different surveys that property buyers can take before committing to buy a house. While it may seem as though choosing a survey is confusing, it really isn’t.…

    Aug 22, 2014

     
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