Why do i need a survey?

Why should i have a survey done?

Buying a home is one of the biggest decision you will ever make and yet many buyers are doing so blind. The consequences of not carrying out a property survey can be disastrous. Your new home could have hidden flaws which might mean a lot of expense, hassle and stress in the long run. Research conducted by the Royal Institution of Chartered Surveyors (RICS), showed that “on average home buyers spend £5,750 on repair bills once they have moved into their new home. A home survey will provide the buyer with much more information on the state of the property and any work that will need to be carried out” (RICS, 2015). If major defects are uncovered in your survey you might even think again about your purchase, or you could be in a position to renegotiate the price.

To be an intelligent homebuyer it is imperative to have a survey conducted to advise you of significant defects and associated expenses to allow you to make an informed decision on your perspective property. When choosing MyLocalSurveyor you can be assured that the surveyor completing your survey will be a member of the RICS, This is just as important as having a boiler installed by a member of the Gas Safe organization formally known as (Corgi Registered). Our surveyors deliver the most trusted property reports within the industry, providing you with peace of mind by eliminating a minefield of complications and insecurities.

What is the difference between the Mortgage Valuation and a Survey?

When buying a home you should never rely solely on a mortgage valuation. It is extremely common for people to confuse the valuation report undertaken by the lender’s Surveyor with a survey. It is important to remember the mortgage valuation report is prepared for your lender and not for you. At most it will give you a few lines of general advice of your biggest investment. The main purpose of a mortgage valuation is to confirm the mortgage offer of the lender and briefly mention defects that affect the property as security for the mortgage loan. On many occasions, lenders do not provide you with a copy of the mortgage valuation report, ultimately, leaving you with no information about the value or condition of your prospective property.

Conclusively, as the buyer it is vital that you don’t rely exclusively on a mortgage valuation to aid your decision of whether to proceed with the property purchase. MyLocalSurveyor will always work wholly on your behalf for your best interest ensuring you receive independent and experienced advice on your prospective property.

What Survey should I choose?

The main Surveys we have to offer are RICS Home Buyer Report, RICS Building Survey and RICS Condition Report. The type of Survey that will be most appropriate for your prospective property will depend on a number of factors, such as age, construction type and structural condition of the property. To find out more about the Surveys we offer click on the links below:

RICS Home Buyer Report
RICS Building Survey
RICS Condition Report
RICS Valuation Reports
Compare Surveys
Download Example Reports

We also offer extensive range of specialist reports including:

– Specific Defects
– Boundary Dispute
– Expect Witness
– Retrospective Valuations
– Account Valuations
– Charities Act Valuations
– Damp Reports
– Party Walls Reports
– Schedule of Conditions
– Dilapidations
– Energy Performance Certificates