Find out about surveys, the differences between a HomeBuyer’s report, building survey and condition report, and what the best type of survey might be for the property you’re buying.
A good survey will help you find out about the condition of the building and, if there are problems, give you a powerful bargaining chip for negotiating the buying price down or asking the seller to fix the problems. On the left there are some types of surveys we can offer and some detail about them.
House survey costs
The cost of your survey will vary significantly depending on the location, size and type of property. Different surveyors will also charge varying amounts, so make sure you get a few quotes before choosing who to use. Mortgage valuation costs tend to vary the most, with some lenders even including them for free.
Do I really need a survey?
At a time when you’re already spending a lot of money, a survey can seem like a big expense. However, it’s far better to be aware of any issues before you buy a house so that you can make an informed decision about how much you’re willing to pay for it and, if necessary, budget for any repair work that will need doing.
You may also be able to use the information in the survey to negotiate with the vendor. For example, if your survey finds that you will need to undertake repairs costing £10,000 you could ask for a £10,000 reduction in price, or alternatively ask the seller to make the necessary repairs before you exchange contracts.
Understanding your house survey
House surveys are often complicated, and it can be difficult to get your head around some of the jargon.
The diagram below from Rics shows the names of different parts of a building to help you decode your survey report.