What is a house survey?
A house survey is an expert inspection of a property's condition, and identifies any problems to a prospective buyer. It's completed by a surveyor who visits the property, carries out an inspection and prepares a report outlining any problems they've found. There are mainly three types of house survey, including condition survey, homebuyer report and building survey. Each of type covers different range of inspection and costs differently.
It aims to tell you about the construction and condition of the property; any defects that need urgent attention or are serious; things that need further investigation to prevent serious damage to the fabric of the building; and defects or issues which may be hazardous to safety and maybe where further enquiries are needed
In this type of survey, the surveyor conduct an inspection of the property and offer you a report based on the inspection and a valuation to help you to make an informed decision on whether to go ahead with buying the property; make an informed decision on what is a reasonable price to pay for the property; take account of any repairs or replacements the property needs; and consider what further advice you should take before committing to purchase the property.
This survey will be a more detail inspection and report compared to the other two types. It will help you make a reasoned and informed decision when purchasing the property, or when planning for repairs, maintenance or upgrading of the property; and make recommendations as to any further actions or advice which need to be obtained before committing to purchase.
How much does a house survey cost?
Let’s take one of the accrediting institution of house surveyor, RICS, as an example. Home condition survey roughly costs £500-£950; homebuyer report costs about £500-£1,000; surveyors for building survey roughly charge £700-£1500. Of course, the price differs according to size and type of the house to be surveyed and what specific services the surveyor provides.
Common house survey problems
After knowing these common problems, you may be clearer about house survey. If you are still nervous about it and afraid that you may fail a incoming survey. You can check your house in advance and look for some repairs. Moreover, house survey needs to be entrusted to professional institutions. You should check the qualifications of the surveyor before the inspection.