SMITTEN WITH A PROPERTY? GET THE FACTS FIRST

A SURVEY IS A SAFEGUARD THAT COULD SAVE YOU FROM POTENTIAL DISTRESS

What appears to be a dream home on the surface could be concealing potential issues like damp and mould, or electrical hazards that could cost thousands to fix after you’ve moved in.

Without a proper survey, you are essentially buying blind.

KNOW THE RISKS

Buyers are generally willing to spend between £300 – £750* on a comprehensive home survey. Choosing to forgo a professional survey is a gamble that rarely pays off, with many potential consequences:

Unexpected repair costs that could run into tens of thousands of pounds.
Structural issues that might make the property unsafe to live in.
Legal complications if undisclosed problems emerge after purchase.
Difficulty selling the property in future if issues become apparent.
Added stress and disruption of living in a property requiring major remedial work.

A survey could save you from all of these scenarios, as well as provide valuable negotiating leverage if issues are discovered.

Many buyers have successfully renegotiated the purchase price based on survey findings, sometimes saving far more than the cost of the survey itself.

But don’t just take our word for it:

92% of people who had a survey said it gave them peace of mind.
88% said they would get one again for their next purchase.
Only 2% of buyers decided not to proceed after receiving their survey report.*

YOUR SURVEY OPTIONS

Not all surveys are the same, and choosing the right one depends on the property's age, condition, and your own peace of mind. Here are the main types available:

RICS Home Survey Level 1 (Condition Report)

The most basic option, providing a snapshot of the property's condition and highlight urgent defects.
Suitable for newer, conventional properties in good condition.
Describes the construction and condition of the property on the date of inspection.
Suitable for a wider range of properties, regardless of age, up to and including 5 bedrooms.
Highlights any defects that need urgent attention or that are serious.
Highlights matters that need further investigation to prevent serious damage.
An objective survey report on the condition of the property at an economic price.

RICS Home Survey Level 2 (Homebuyer Report)

A more comprehensive assessment that identifies structural issues, dampness problems, and other significant concerns.
Appropriate for properties in reasonable condition.
Highlights common defects and areas of concern.
For modern, conventional properties made from traditional materials.
For houses in good condition with no obvious defects or significant alterations.
An easy-to-read report with clear traffic-light condition ratings of all accessible areas.

RICS Home Survey Level 3 (Building Survey)

The most thorough examination, providing an in-depth analysis of the property's structure and condition.
Essential for older properties, unusual buildings, or those requiring renovation.
A detailed inspection and assessment of the property, more extensive than Level 1 and 2.
Ideal for older, more complex buildings, listed properties, houses with obvious defects, and unconventional homes.
Describes visible defects and highlights the risk of potential or hidden defects.
Outlines the likely scope of any appropriate remedial work and explains the likely consequences of non-repair.

FIND OUT MORE

MAKE AN INFORMED DECISION

With 22%* of buyers relying on mortgage brokers or lenders for survey advice, it’s important to ask questions and seek the right guidance.

When you commission a survey, you are not just ticking a box in the buying process; you are investing in your future security and peace of mind.

A thorough survey allows you to buy with confidence, knowing exactly what you are purchasing and what maintenance might be required in the coming years.

Our experienced team can guide you through selecting the most appropriate survey for your circumstances and connect you with qualified professionals who will provide a detailed, impartial assessment of the property.

Remember, while it is natural to be excited about a property that seems perfect, taking this crucial step back to assess its true condition is the mark of a prudent buyer.

Don’t rush to buy the house. Get the facts first, then make your decision with complete confidence.

VIEW YOUR OPTIONS

Sources:
*https://countrywidehomesurveys.co.uk/why-home-condition-surveys-matter-more-than-you-think/

MKT/CG/UKON/241125