What is a Property Survey?

A house, building, or property survey is an official investigation into a property’s condition. They are commonly used by potential buyers as a means to evaluate the state of the property they’re looking to buy. Potential buyers are often required to do a survey on a new home once they have had their bid, and the actual conveyancing process is starting. It’s important to know what a survey is all about so that you can avoid problems during this crucial time in the buying process. For advice about a Building Survey Reading, go to Sam Conveyancing

Image credit

First, it helps you understand what the house survey is not. In the most basic terms, they aren’t buyer’s guides that give you tips on where to go, what to look for, or what to expect from a specific property. They are more like inspections, giving you insights into the state of the house in general. This makes them particularly useful for buyers considering buying an older property perhaps.

What is a house survey? The main purpose of the surveys is to provide buyers with insight into how the property is generally, both in terms of condition and location. This kind of information is invaluable to anyone who’s looking to make a purchase because it allows them to choose a location that meets their needs and budgets. However, that said, it isn’t solely a tool for buying purposes; it can also be used for other things.

For example, some homeowners will use a residential surveyor to find out whether there are structural concerns or other kinds of problems. A residential survey can uncover such matters as subsidence, which is caused by a building settling too much. Such occurrences can potentially lead to damage or even the loss of your home. If you suspect there might be such a problem, you can use a professional residential survey to find out. On top of that, they can provide a host of other services. In other words, you can get a whole range of benefits from a single survey, which saves you time and money in the long run.

See also  Six more questions to ask potential property managers

Image credit

When you receive a basic type of survey, you’ll see just how extensive a search has been done. You’ll need to look at different details, including floor plans, lots, and boundaries. A detailed condition report will tell you about such aspects as roofing materials, landscaping, and any visible damage. A more comprehensive survey, which costs a bit more, will go into more structural detail as well as get the basic type of inspection done. All of this should give you an idea of the current condition of a property, allowing you to make an informed decision on how to proceed.

A few surveyors specialize in different expertise. Regardless of what type of property survey you need to complete, you can rest assured knowing that your chosen surveyor has the right qualifications to offer you the best service possible.