Top Reasons to Have A Property Surveyed

A Mortgage Valuation Does Not Benefit the Homebuyer

When buying a property, it is important to have a survey carried out in order to fully understand and assess the condition of the home. Many potential buyers assume that a mortgage valuation is sufficient when they are buying a property, however, this is not always the case. A mortgage valuation is very basic in its assessment, it is only done to ensure that the property is worth what the lender is providing the mortgage for. This means that a mortgage valuation will not actually benefit the homebuyer as it does not provide an in-depth assessment of the property which can reveal flaws and problems. If these are not addressed then they could lead to expensive repairs further down the line.

Surveys Can Help You to Renegotiate the Price of the Property

Having a survey carried out can be extremely beneficial for homebuyers as it can provide valuable information about the condition of the property that can enable the buyer to renegotiate the price of the property. A survey will flag up any major defects such as dampness, woodworm or asbestos that may not have been known prior to the survey and can therefore provide useful information to help the buyer to negotiate a better deal on the price of the property. The buyer can also use evidence from the survey to make the seller repair any defects before the sale is completed which will save money for the buyer in the long run.

Boundary Line Disputes

Boundary disputes can be an issue during a property purchase, particularly if neighbours are arguing over where the boundaries of the property should be. A surveyor can be called in to take precise measurements of a property in order to help draw up an accurate boundary line. These accurate measurements can help to avoid disputes between neighbours and provide a definitive answer to where property begins and ends. This is something that a mortgage valuation would not pick up on and so having a survey done can be beneficial in this situation.

Roofing Issues

Damage to roofs can be one of the most costly repairs that a homeowner faces, so it is important to make sure that the roof of a property is in good condition before purchasing it. A survey can help to flag up any issues with the roof structure and any necessary repairs that need to be made. This could save the buyer a considerable amount of money in the long run and so having a survey done should be considered a necessity when purchasing a property.

Dry Rot

Dry rot is a fungal infection that can cause serious structural damage to a property if it is not treated quickly. Dry rot can be difficult to spot with the naked eye and so it is important to have a survey done in order to detect any underlying issues. The surveyor will also be able to recommend different treatments and measure the extent of the problem in order to ensure that it can be resolved quickly and effectively. Having a survey done is essential if you want to ensure that your property is safe and structurally sound.

In conclusion, there are many benefits to having a property surveyed before purchasing it. From helping to avoid boundary disputes to picking up on structural issues such as dry rot, a survey can provide invaluable information that a mortgage valuation simply cannot. Although it is an extra cost, it can end up saving buyers a considerable amount of money in the long run, so it is certainly worth considering for any potential homebuyer.