Simply surveys

It’s estimated that 80 per cent of homebuyers don't bother to get a professional survey carried out on properties before buying them. Many people rely on the valuation report mortgage lenders insist on. But this is carried out to confirm the property is basically sound and suitable security for lending - these reports contain minimal detail and should not be relied upon as proof that the building is in good order.

For extra peace of mind, there are two options available to homebuyers when considering the purchase of a property – The ‘Homebuyer’s Report’ and the ‘Building Survey’.

Homebuyer's survey: This is a standard survey drawn up by the Royal Institution of Chartered Surveyors and is likely to the best choice if the property is in reasonable condition and is conventional in type and construction.

The nine-page form covers each major section of the property but is based purely on what is visible to the surveyor. It won’t reveal faulty wiring or hidden damp, but should identify areas which need further tests or investigation. This survey will be cheaper than a building survey but is probably unsuitable for unusual buildings or those more than 100 years old. The exact cost will depend on various conditions. Expect to pay anything from £200 for a Homebuyer Survey and Valuation (HSV).

Building or structural survey: This type of survey is comprehensive and detailed and provides a full picture of the property’s construction and condition. Each visible element of the property is inspected and any necessary repairs should be identified along with anticipated major expenditure - for instance roof replacement or rewiring. This is the recommended choice for older properties but is the most expensive option.
The cost of this survey is from £400 upwards and will usually take one to two days to complete.

Choosing a surveyor:
Surveyors' fees vary and are negotiable. Fees will depend on the area in which the property is located and the level of detail you require from your survey. You should always get several quotations and compare prices before making a final choice. When getting quotes, ask the surveyor to detail exactly what will and will not be covered in the survey, so that you know what you are paying for.

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