Homebuyers surveys are designed as concise and economical surveys for modern houses that were built after the year 1970. Even if you have a home that’s brand new, there can be a series of smaller issues that can add up and lead to larger expenses down the road. For homes worth less than £1 million and built after 1970, this type of detailed report will help you secure your investment and understand any priority repairs that you may need to make to secure your investment and keep your home a safer place.
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What is the difference between a mortgage valuation and an independent survey?
Buying a property is a considerable investment and often a huge milestone in someone’s life. These decisions can be emotionally charged, but we know all too well that often the heart doesn’t see what it doesn’t want to. This is why getting a property survey before you part with any money is essential.
But what survey should you choose? Is a mortgage valuation enough to protect your investment? Here we discuss what a mortgage valuation is and why we believe an independent survey is a must-have for any prospective buyers.
Why should you consider an independent home survey?
When you are buying a property, a survey is essential to ensure you have all the key facts needed to make an informed decision on your purchase. However, some mortgage surveys are very basic and are aimed at financial value rather than giving an in-depth investigation into the property.
What are the differences between an independent and bank home survey?