Home condition survey
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When you are looking for your next property, a home condition survey can help you to avoid hidden traps. It can be difficult to spot certain issues when viewing a home as a potential buyer, and if the property owner has no obligation to inform you about them then the cost of fixing everything will fall to you. A ‘home condition survey’ is a simple survey that will highlight potential defects and help you to understand how much it will cost to fix up a property if you choose to buy it.
Home condition surveys are designed to inform you about all of the current and potential problems with a property. A surveyor that misses something out could end up costing you thousands, and so you will want to be sure that your candidate is a top performer! Luckily, you can find this Pro easily through Plentific. Once you post a job with the Plentific website, some of the best surveyors in your local area will be in touch to offer their custom quotes. With no pressure to accept, you can take all the time you need to compare your candidates. Best of all, each and every job booked via Plentific will be covered by the Plentific Guarantee.
What do you need to know about home condition surveys?
A ‘home condition survey’ is an assessment of a property that will let you know the condition of several important aspects. These include the building’s conditions, any structural movement, the presence of damp, rot or woodworm and any environmental issues. The assessment will also cover the property’s utilities, including heating, drains and electricals. Importantly, it will also include an estimate of the necessary costs to bring the property up to standard, which you can then use to negotiate with the seller.
Following the assessment, you will receive a comprehensive report that will rate these aspects from one to three, with a score of one indicating that everything is fine and only basic ongoing maintenance is needed. A score of three will indicate a serious defect that requires urgent an repair or replacement. Along with the report, you will also receive an action list for any defects that require your attention.
A flawed or incomplete home condition survey could end up missing something that ends up costing you thousands down the line. Because of this, you will need to screen your candidates carefully: a surveyor will have completed a course accredited by the Royal Institution of Chartered Surveyors (RICS) or an industry-approved option, such as a company training scheme. Your ideal candidate will have several years of experience and will also be able to show you positive reviews from their past clients. Look over these carefully: does your candidate arrive and complete work on time? Are they punctual? Will they be happy to answer questions? Your surveyor should also have an active professional indemnity insurance policy to cover their work.
The cost of a home condition survey will almost always depend on the asking price of the property involved. However, it is important to keep in mind just how expensive it can be to not book a home condition survey. Every year homeowners spend thousands bringing their new homes up to scratch because of unforeseen problems. Many rely on their banks organising a ‘home valuation report’, which is simply not the same thing. A valuation report only revolves around the needs of the lender; it will make no difference to them if you have to pay for unforeseen repairs after you move in!