Nobody wants to pay too much for their home. During the home buying process, there are many causes of stress. Making sure you don’t overpay doesn’t need to be one. That’s because getting the right survey can give you peace of mind that you are paying a fair price.
What is a survey?
A survey is a detailed report which helps make potential buyers aware of any present issues or problems which may occur in the future.
This can help with budgeting for any works required and help you renegotiate if there are any major concerns. Remember: a survey is not a valuation; it is a tool to help homebuyers make informed decisions.
Surveys crucial in turbulent times
House prices have been unpredictable in the last year. In times of economic uncertainty, surveys become even more important. When house prices have fallen, a survey can help clarify what represents real value.
Value means something different to different people. For example, over two fifths would pay more for a property with a high EPC rating, research reveals1. This shows that getting the price right is
personal. A survey is designed to help you do just that.
More than simply one more cost
Buying a home can feel like an accumulation of costs – a survey can feel like one more among many. That’s why it is important to factor in the survey as early in the buying process as possible.
1Uswitch, 2023
As a mortgage is secured against your home or property, it could be repossessed if you do not keep up mortgage repayments
