A recent article has highlighted that around 35% of homebuyers who commission a property survey go on to negotiate a price reduction. This statistic shows the value of instructing a Chartered Surveyor before committing to a purchase. Whether it’s a Level 2 Home Survey Report or a more detailed Building Survey Report, a professional survey can save you thousands upfront and offer invaluable peace of mind.
Renegotiation Power
One of the key benefits of having a survey carried out is the ability to uncover defects that may not be visible during a property viewing. From structural issues and damp to roof problems and woodwork decay, a survey can reveal the true condition of a property.
Armed with this information, buyers are in a much stronger position to negotiate. If significant issues are identified, it may be possible to reduce the offer to buy the property to reflect the cost of necessary repairs.
A survey isn’t just about saving money, it’s also about avoiding unexpected costs down the line.
Peace of Mind
Buying a property is one of the biggest financial commitments most people make. Many buyers who skip a professional report end up regretting it once problems arise post-purchase.
A survey offers reassurance that the property has been thoroughly assessed by a qualified professional. It also provides a clear report outlining any issues, helping buyers to make an informed decision about whether to proceed with the purchase, renegotiate the price, or walk away altogether.
Choosing the Right Survey for Your Property
- Level 2 Home Survey Report: Best suited to modern properties in reasonable condition. It highlights urgent issues in a concise, easy-to-understand format.
- Building Survey Report: Ideal for older, larger, or more complex properties. This is the most comprehensive type of survey, offering a detailed analysis of the building’s condition.
Both types of surveys help protect your investment and give you the confidence to move forward with your purchase.
As a long-established firm of RICS-accredited Chartered Surveyors, Lea Hough offers professional, tailored advice from highly experienced surveyors.
Our reports are clear and jargon-free and highlight key issues and estimated repair costs.
Make a Smart, Informed Choice
A property survey is a small cost compared to the value of the asset you’re purchasing. In many cases, it can pay for itself several times over. More importantly, it ensures you’re making your decision with all the facts in hand.
Whether you’re buying your first home or adding to your property portfolio, commissioning a Level 2 Survey or Building Survey Report from Lea Hough is one of the wisest steps you can take.
Contact our team today to discuss which survey is most appropriate for your property purchase.
