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Do not get Spooked by Snags: Tips to house Property Surveys
Buying a house is an exciting step, but it's crucial to be well-informed before diving headfirst. A house property survey, house property survey called a homebuyer's survey, acts as your eyes on the prize, uncovering potential problems and giving you valuable information into the healthiness of your prospective property.
Understanding Survey Types:
There are three main house property survey types, each offering varying numbers of detail:
Survey Type Description Suitable For
RICS Condition Report (Level 1) Basic report mentioning readily visible flaws and risks Newer properties in good condition
RICS Homebuyer Report (Level 2) More comprehensive report including roof, domestic plumbing, electrics, and drainage Most standard properties
Building Survey (Level 3) In-depth survey for older properties, listed buildings, or people that have major renovations Older properties (over 50 years old), listed buildings, or people that have major restorations
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Choosing the right Survey:
The best survey type depends on the property's age, condition, and your risk ceiling. Here's a quick guide:
For newer properties (less than 10 years old) in good condition: Think about a Level 1 or Level 2 survey.
For most standard properties: A straight 2 RICS Homebuyer Report is a good choice.
For older properties (over 50 years old), listed buildings, or people that have major restorations: Decide on a Level 3 Building Survey.
Beyond the Report:
A house property survey is just one part of the challenge. Don't hesitate to ask the surveyor questions to understand the report fully. Additionally, consider getting quotes from qualified contractors to treat any identified issues.
By choosing a house property survey, you receive valuable knowledge and peace of mind throughout the property process. It encourages you to make informed decisions avoiding costly surprises down the line.