Survey tips for first time buyers

Buying your first property is a huge commitment and a big step in adult life. It’slikely to be the most involved and expensive purchase you’ll ever make andthat’s why it’s important that you get a house survey, as it will give you insightinto your investment and stop you purchasing a money pit.If you’re making the purchase by getting a mortgage then you’ll be requested toget a mortgage valuation through your lender’s preferred firm of charteredsurveyors. This is the base level of house valuation and is not technically asurvey. It is ultimately to give the lender the reassurance that a property withworth lending on.If you’re buying it outright as a cash buyer then it’s strongly suggested that youget a survey by finding a firm that can cater for your needs. They will generallyoffer 3 types of house survey- RICS Condition Report- RICS HomeBuyers Report- RICS Building SurveyIt’s dependent on the type and age of the property as to which survey you choosebut it’s generally recommended that you get a homebuyer survey as it providesyou with a house valuation. A building survey will also provide one but thisreport is only needed if your purchase is of a grade I or II listed building before1850 or newer building that’s had extensive work to alter it. An RICS ConditionReport is quite a basic inspection and does not include a house valuation.Like a lot of first time buyers, you may have opted for purchasing a new buildproperty in the hope of acquiring a hassle free home that’s free of any problemsbut new builds can be troublesome. When buying a new build you generally havea 2 year warranty with the developer so before this expires you can have a newbuild snagging report carried out by a Chartered Surveyor who will highlight anyproblems and forward them onto your developer to ensure your property is upto scratch.Visit E.Surv Chartered Surveyors for a detailed understanding of the services onoffer.