Buying a property is likely to be one of the biggest investments you’ll make in your lifetime, making it vital that you’re aware of its condition and any potential issues before committing to the purchase. One way to do this is by having a comprehensive property survey carried out. There are several types of surveys available, ranging from basic valuations to more detailed inspections. Read on to find out which type of property survey best suits your needs and circumstances.
Valuation survey
A valuation survey is the most basic type of survey available to you. Typically used to assess the property’s value, these surveys are regularly conducted by estate agents in Gravesend. Whilst this survey provides an estimation of the property’s worth, it doesn’t delve too far into its condition. Valuation surveys aren’t usually sufficient for identifying potential issues within a property.
Homebuyer’s report
If you’re looking for a more comprehensive survey, a homebuyer’s report might be more appropriate. This survey provides a detailed overview of the property’s condition, helping to identify any visible defects, dampness, subsidence, or structural problems. A homebuyer’s report is conducted by a qualified surveyor who will examine the property thoroughly, focusing on both the interior and exterior of the building.
Building survey
A building survey is the most comprehensive property survey available. Typically recommended for older properties, listed buildings, or those in poor condition, this survey provides detailed information on a property’s structure and condition. As well as identifying any defects or potential issues, the building survey will offer advice on necessary repairs and maintenance, helping you make an informed decision on whether or not to buy a property.
Specific defects survey
A specific defects survey may be suitable if you have specific concerns about a property but don’t need a detailed assessment of its overall condition. For example, you may be worried about dampness, subsidence, or roof problems and need information on these issues as well as advice on how to address them. This type of survey can offer a cost-effective solution since it is targeted towards addressing only the specific issues you’re concerned about.
New build snagging survey
If you’re purchasing a new build, a snagging survey is essential to identify any issues with the construction. Whilst it’s true that it’s your house builder’s responsibility to check and fix any defects before you complete the sale, it’s unlikely they’re going to pick up everything. This makes a snagging survey an important step in protecting your investment and ensuring your home meets the necessary standards.
With so many property surveys available, it’s essential to choose the right one for your needs. Discuss your requirements with one of the experienced estate agents at Balgores today.
