RICS Surveys
Your home is likely to be one of the most expensive purchases you ever make – so you need to know as much as you can about the property before you buy it, live in it and when you sell it.
Which?, UK Finance, and the Building Societies Association advise you to get a survey before you buy a home, and not just rely on a valuation. Be aware that a valuation is not a survey.
Having a survey is the best decision you could make, potentially saving you thousands of pounds and giving you peace of mind
Surveys are a kind of ‘health check’ for buildings. If you’re buying a home, you should have a survey done before you enter into a contract. A survey can actually save you money. If there are problems, you can often renegotiate the sale price of the home to reflect the cost of necessary repairs – or you may even decide you don’t want to buy it at all.
A lender’s valuation is usually required when you are buying a home through a mortgage. It isn’t a survey. It’s a limited check on the home, carried out by your mortgage lender to ensure it’s worth the money they’re lending you.
Need help deciding which one best suits your needs? We have got your back! You can simply download the guide to help you choose and what they survey will include.