If you’re buying a property, one of the most important things to have done during the process is a survey. There are different types of survey available depending on the type of property you want to buy or the problems you might have noticed.
But what does a property surveyor actually do? We’ve outlined some of the main duties of a surveyor below, and what they don’t do.
A property surveyor doesn’t provide a valuation
Lots of people think that a survey is the same as a valuation. Mortgage companies will do a basic valuation of the property to decide whether the building is worth the money you are paying, but this won’t tell you about any problems they found with the structure of the building.
That’s why it’s really important that you get a surveyor to carry out a thorough inspection, as they will be able to highlight any problems that should be rectified.
They provide Homebuyer’s Reports
If you’re buying a standard property that seems in good condition and is less than 30 years old, your surveyor can carry out a Homebuyer’s Report. They will make an informed judgement on whether or not your should proceed with the purchase of the building.
They will assess the general condition of the property and look for signs of damp, mould, woodworm and any faults in the building that might affect the value. They will also tell you of any urgent problems that need inspecting by a specialist before you sign a contract.
They can provide a full building survey
A full building survey is a more thorough assessment of the property’s condition, and is more suitable for properties that are older than 30 years or look like they could have structural issues. You might consider a full survey if you’re planning on renovating or extending the property, so you don’t have any nasty surprises when you’ve got the builders in.
Your property surveyor will provide a report which will explain the detail and construction of the property, the materials used to built it and any minor or major structural problems of the building. They will also tell you how much you should expect to pay for any repairs. They’ll also share the results of damp testing and the condition of damp proofing, insulation and drainage with you.
How much will a survey cost?
You can expect to pay varying amounts for a survey depending on whether you choose to have a Homebuyer’s Report or a full building survey. If your property is worth between £101k and £200k, you could pay about £560 for a full building survey, or £350 for a homebuyer’s report. If the property is worth between £201k and £300k, expect to pay £610 for a building survey and £440 for a homebuyer’s report.
You can find a table outlining the costs for different properties on the Primelocation website.
If you need a surveyor to carry out a survey on your dream property, use our service to get up to 4 no-obligation quotes.
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