Homebuyers survey and costs
Purchasing a homebuyers survey is a good way to avoid the stress and additional costs of making repairs further down the line. Approximately one in five homebuyers rely solely on a mortgage valuation report, so it’s no surprise that many are hit with repair bills once they move in.
Choose a survey based on the condition of the property itself, not the cost of the survey. Money spent on a decent survey can save you a fortune in the future.
A HomeBuyers Survey is suitable for conventional properties in reasonable condition.
This will help you find out if there are any structural problems, such as subsidence or damp, as well as any other unwelcome hidden issues inside and outside.
The HomeBuyers Survey doesn’t look beyond the floorboards or behind the walls.
Some home-buyers’ reports include a property valuation, so you might be able to revise your offer if the survey reveals a lower price than the mortgage lender’s valuation.
If there’s no valuation included, you could use the report’s suggestions for repairs to renegotiate the price.
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