Buying a home is the biggest single investment, and most important decision, most of us will ever make. Buying property is such a huge decision, which can be quite stressful and it is always wise to take every step necessary to make sure the purchase is runs smooth. and, but most importantly, that the home you are buying is fit for purpose and in good condition.
The condition of the property, both structurally and internally, should be fully understood prior to making the commitment to buy a house or flat. Surprisingly though, some buyers are not as thorough as they should be when it comes to determining the establishing the condition of their new property. This has been recently highlighted by the RICS and reported by the BBC.
Individuals who wouldn't dream of buying a new car without a test drive and mechanical inspection will buy a property without an in-depth building inspection. Everyone understands that they should get a house surveyed before they commit to buying the property, but not all get a survey undertaken and of those, many don't realize that all surveys are not the same.
Opting for a low cost cursory survey can become hugely expensive in the long run as a basic building survey may not flag up structural issues which will affect the value and condition of the house in the near future. The average cost for missed defects in a property is £5,750, it was reported recently, with 17% of those surveyed paid up to £12,000 to make their new property habitable. When you compare this to the cost of undertaking a survey, at a fraction of this figure, it reflects the value of the guidance provided from the report.
When considering whether or not to buy a property a full and comprehensive residential survey by qualified Chartered Surveyors will protect the buyer from a potential bad investment. Chartered Surveyors are regulated as a profession and the buyer is protected should they not be provided with the guidance expected. This will again afford considerable peace of mind during property buying process that can become quite stressful.
A residential survey by the Delaney Marling Partnership will provide vital information to the home buyer.
What Is Included In A Residential Survey?
The main difference between a survey conducted by ourselves and other more basic reports is that we inspect all areas of the property including those that are not easily accessible such as roof spaces.
We will comment on the gas, water and electrical services to the property and, very crucially, we will also assess the structurally condition of the property including walls, the roof and identify any issues that are present or that could potentially arise in the future leading to high and unexpected repair costs. We often spend time after the surveys sat with client either on the phone or over a coffee discussing the key issues, risks and how to move forward.
We recognise that buying a property in Hull can be a complicated process but we are here to help. Contact us either through the website or by calling us on 01482 623955 and we will be happy to help you with any questions you may have.