How Much Does a Property Survey Cost on Average?

How much does a property survey cost on average?

Buying a house is one of the biggest decisions someone will make in their life, so it’s essential to know what you're getting into. A survey of your potential home is often mandatory when purchasing. In this article, we will discuss how much a property survey costs on average.

Survey costs depend on the type of survey you choose. A Home Condition Survey will typically cost between £400 and £800, depending on the value and size of the property. On the other hand, a full Building Survey can range from £700 to £1,500 but may cost more for larger or more complex properties. It’s also worth bearing in mind that some mortgage companies offer a free basic survey as part of their loan agreement.

What affects the cost of a house survey?

The size, age and location of the property are all factors that affect the cost of a house survey. Older properties are more likely to require a more detailed survey, and the surveyor may need more time to inspect them. The size of the property is also important; larger properties will take longer to survey, thus increasing the fee. Additionally, surveyors may charge more if the property is located in an area with complex architecture or is in a difficult place to access.

Which type of survey is right for me?

The type of survey you should get depends on the condition and age of the property, as well as your budget. If you are buying an older property or one requiring extensive work, opting for a full Building Survey is best. This is more expensive but more comprehensive and detailed. For newer homes, a Home Condition Survey will typically suffice. This is less expensive but still gives you a good overview of any issues.

How long does it take to conduct a house survey?

How long the survey takes to conduct depends on the type you’ve chosen. Typically, a Home Condition Survey will take around two to three hours, while a full Building Survey can take up to five hours. This includes the surveyor’s inspection of the property and completing the report. Bear in mind that these times will vary depending on the property size and condition.

Where to find a surveyor?

When looking for a surveyor for your house, it’s important to find someone experienced and qualified. The Royal Institute of Chartered Surveyors (RICS) is the UK’s largest professional body for chartered surveyors. You can use their website to find a local RICS-accredited surveyor in your area. You should also check customer reviews, ask for quotes and check for any extra fees before settling on a surveyor. 

In conclusion, the cost of a property survey heavily depends on the type of survey, the size and age of the property, and the location. For older homes, a full Building Survey may be necessary, while a Home Condition Survey is better suited to newer homes. It’s important to research surveyors carefully before committing and make sure they are qualified and experienced.