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Homebuyer's Reports and SurveysMany buyers have a structural survey or homebuyer's report carried out before buying a home. You don't have to have one done, but it is a more detailed inspection than a valuation, which gives information about the condition of the property and any structural problems. If expensive repairs are needed, you may be able to get the seller to get the work done or pay less and use the money you save to get the work done after you buy. Information from the sellerSellers and estate agents don't have to point out any problems in the property to potential buyers. But if you ask direct questions (such as asking whether the roof leaks, or whether there have been problems with dampness or condensation) they have to answer your questions truthfully. If you go on to buy the property and discover that you were given false or misleading information, you might be able to take action. Get advice from a solicitor if you are in this situation.
The purpose of a structural survey/homebuyer's reportThis type of inspection assesses the condition of the property. Both are more detailed (and more expensive) than a valuation, but can save you a lot of money in the long run. They give you information about any structural or other defects in the property, such as dampness and condensation, subsidence or woodworm.
Homebuyer's reports are more detailed than a valuation, but less detailed than a full survey. They detect visible structural problems and give an indication of the general condition of the property.
The surveyor will also give a professional opinion about the particular features of the property which affect its present value and may affect its future re-sale.
The inspection reportWhichever type of inspection you go for we will assess the condition of the property you intend to buy, and produce a written report. The report should say exactly what areas have been inspected. The report may recommend that a specialist is hired to look at specific things such as heating and insulation. This will involve extra fees but may be worthwhile if there are potentially serious problems. Problems with the reportMost surveys and homebuyer's reports will indicate that some repairs are needed. We try to point out the worst possible outcome of any problems we find, particularly if you are buying an older property. However, some repairs are relatively simple and inexpensive, so this doesn't necessarily mean that the property isn't worth buying. Read the report carefully.
Our FeesFees for surveys and homebuyer's reports are not refundable. How much you have to pay usually depends on the size, age and price of the property, and how detailed the inspection is. It may be possible to combine the lender's valuation with the survey or homebuyer's report. That way you only pay one set of fees. Email or phone us to get a quotation.
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