Residential Property Surveys
Buying a home is one of the biggest decision you will ever make and yet many buyers are doing so blind. The consequences of not carrying out a property survey can be disastrous. Your new home could have hidden flaws which might mean a lot of expense, hassle and stress in the long run. Research conducted by the Royal Institution of Chartered Surveyors (RICS), showed that “on average home buyers spend £5,750 on repair bills once they have moved into their new home. A home survey will provide the buyer with much more information on the state of the property and any work that will need to be carried out” (RICS, 2015). If major defects are uncovered in your survey you might even think again about your purchase, or you could be in a position to renegotiate the price.
To be an intelligent homebuyer it is imperative to have a survey conducted to advise you of significant defects and associated expenses to allow you to make an informed decision on your prospective property.