When considering a home purchase, you may be wondering whether you need to have the house surveyed or if you can move in once your offer is accepted and contracts have been exchanged. Additionally, you may be wondering which types of survey you should commission. We are going to look at different types of surveys, so you can decide which would be best for the home you would like to buy.
Condition Survey and Report
A condition report is a basic survey and it is the cheapest option too. The report from this survey does not go into too much detail and is mainly used to confirm the state of various parts of the house. The report also details any defects with the property and any risks that might spring from not having the defects looked into.
Although the report itself does not give a valuation, it can be used to support a mortgage valuation.
Homebuyer’s Survey and Report
This survey is more detailed than the last and is the option most homebuyers choose. After the survey, you can choose to have the property evaluated and the valuation added to the final report.
A homebuyer’s survey will tell you if there are any extensive problems with the property such as dry rot or rising damp. However, the report does not go into too much detail like looking under the floorboards, so it is still limited in some ways.
Home Condition Survey
This survey is conducted by specialists who then produce a report for the home buyer. The survey looks at practical aspects of the home such as a damp assessment, boundary issues, or internet speeds.
Although building surveys can be expensive, they are worth the cost. The building survey is very extensive and it looks at every aspect of the house, both inside and outside. This type of survey is the best option for older homes that might have extensive issues or homes that have had a lot of work done to them.
A building survey includes checks all areas of the home that are accessible such as the roof or loft. Additionally, the report will detail any issues that might compromise the structural integrity of the house. The report also details the severity of any issues found.
The good news is that you can complement a building survey with another type of inspection if there are extensive problems with a specific area of the house. For example, if there are problems with the electrical system, you can commission an electrical inspection. After the inspection, you will get an electrical safety certificate that details everything wrong with the electrical system. A report from a company like Trade Facilities Services, which will inspect the house and issue an electrical safety certificate, can tell you if the property will be worth investing in. If it is, Trade Facilities limited can provide the electricians you need to overhaul your electrical installation and ensure the home is safe for occupation.
Doing a home survey is an important step in the home buying process. You want to know the condition of the house before you pay for it and a survey is a great way of doing exactly that. The survey you choose will depend on how thoroughly you want to check the house, as well as how old the house is since older houses tend to have more issues than newer ones.