Even though most buyers are advised to obtain a property survey when buying a home, a recent study suggests that close to 20% of property buyers decide to obtain a private survey. This seems like a significant risk because the vital provided by a property survey is hugely important when it comes to buying a home.
Many buyers find themselves paying more in repairs when they don’t have a survey
A survey is of excellent value because it provides you with information about issues and problems with a home. If you don’t carry out a survey of a home and you buy the property as is, you have to manage any problems yourself, and this becomes very costly for some buyers.
A RICS study suggests that 17% of new property buyers who didn’t arrange for a survey of their home ended up having to pay, on average, £12,000 more to carry out repairs on the house. Buying a home is very expensive at the best of times but having to find more than £10,000 to make the home habitable is a huge concern for most buyers, and it is a cost that can be avoided or at least mitigated when it comes to buying a home.
Survey information helps you renegotiate a price
If there are issues that must be resolved at the home you want to buy, this can be turned to your advantage. If the problems appear to be insurmountable, you should give up on the deal and look elsewhere, but if you feel you can repair the problems, you should do so.
This is viewed as a fair activity by most people and if the vendor accepts that there are issues, and they are keen to sell the home, they may be willing to negotiate the price to a lower one, allowing you to undertake repairs without being out of pocket.
Be confident when buying a home
Never forget that buying a home is likely to be one of the biggest decisions you will ever make in life. Therefore, it is only fair that you feel confident about the process, and to feel confident, you need information and guidance.
Hiring a surveyor to assess the house and provide you with insight about the standard of the home will allow you to move forward with confidence, a state that is essential for all homebuyers.
The surveyor works on your behalf
There are many different parties involved with a property deal. This means that sometimes work or information is carried out for other people’s benefit, not for yours. This isn’t great news for you, because you want information that is tailored to your needs and requirements.
When you call on a professional to report on your home, you receive information that is tailored to your needs. This provides you with confidence and it should allow you to make a decision that is right for you.
At H.I.C.H. LTD, we know people are looking for value, and our services offer confidence and peace of mind when buying property.