Buying a property isn’t always a dream process – and can sometimes turn into a nightmare! Our Chartered Surveyors aren’t spirits and we can’t travel through time or space. We can, however, use our years of experience to investigate a property and use evidence to inform our clients.
Here we look at how to account for the past, present and future when buying a property.
Past
The history of a property can provide a valuable insight into its current condition. A Chartered Surveyor will be able to spot any tell tale signs of damage or disrepair that could otherwise be easily missed. Whilst these are not always indicative of ongoing problems, it can be worth asking the vendor for more information as to what repair works have been undertaken. Any renovations that may have taken place – such as electric work, new heating systems, new windows etc, may still be under warranty so it is a good idea to request paperwork or guarantees.
Present
Buying a property in this country is a case of buyer beware – ie. a property is ‘sold as seen’ and there is no opportunity for comeback or negotiation after the monies have been transferred and the sale has been legally completed. Having a professional survey is the best way for buyers to be sure they know what they’re getting – avoiding any nasty surprises at a later date. A survey by a Chartered Surveyor will look at the current condition of a property – with any defects being described and accompanied by photographs in a subsequent report. As the prospective buyer, you can then be fully informed and make decisions on how you will proceed with the purchase and any works that need to be addressed.
Future
If you’re buying a property that you intend to live in for some years, you may want to know what the potential timeline of repairs might be – especially for larger jobs. A survey may identify, for example, that the roof of a property may need to be replaced in the years to come, with a guideline timeframe usually provided.
If you have any specific renovations in mind, a Chartered Surveyor can point out any aspects of the building that may pose a potential problem or highlight any other matters for consideration.
For more information on any of the services we provide, include RICS Home Survey Reports, Building Survey Reports and Valuation Reports, please get in touch.
