Conveyancing Langport

It is always recommended to have a property survey carried out. Why? This is because a property survey helps identify any existing or potential issues with the property. This can include issues such structural problems, dampness, subsidence, faulty wiring, plumbing issues or any other hidden defects along with any immediate or future repair requirements. By uncovering these issues, the survey will allow you to make an informed decision about the property and negotiate repairs or a price reduction, if necessary.

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There are several types of property surveys, but the most common ones are:-​

 

 - Homebuyer's Report

 

This type of survey provides a detailed assessment of the property's condition. It includes information on major issues such as structural defects, dampness, and problems with drainage or roofing. It may also include a valuation. Homebuyer's reports are suitable for properties in reasonable condition and are not suitable for older or complex properties.

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 - Building Survey (also known as a Full Structural Survey)

 

 This is the most thorough and detailed type of survey. It provides an in-depth examination of the property's structure, construction, and condition. It covers all accessible parts of the property and includes detailed information on defects, repairs needed, and advice on maintenance. Building surveys are recommended for older properties, those in poor condition, or properties with unique characteristics.

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Please note that a Mortgage Valuation which will be carried out by your lender (if applicable), is technically not a survey. It is a specific type of assessment carried out by the lender to assist them confirm the property's value and to see if the property is a suitable security for the loan amount. 

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When to have a survey carried out? 

 

It is generally best to have a property survey carried out as early as possible to avoid any delays but in any event, prior to exchange of contracts. 

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Which type of survey to go for? 

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The decision regarding which type of property survey to undertake is entirely yours. It is important to consider your specific needs, budget, and the condition of the property before making a decision. You are recommended to discuss this matter with a qualified surveyor who can provide expert guidance tailored to your situation.