|Surveys - Which type is best for you?|
There are several types of house survey available. Which one you should get will depend on the type of property and what you choose to spend.
Generally speaking a very old building will be more risky than a new build and may require a more in depth survey to identify any defects. Whilst some surveys can be costly it will be money well spent and save a lot of future expense and heartache if it does show up some major issues.
It should give advice on ongoing maintenance isses and things which don't comply with building regulations. It is not suitable for properties requiring renovation.
It usually include a valuation and rebuild costs(which you may use to ensure you insure the property for the correct amount). If you go for the Homebuyers report you may be able to save money on the mortgage providers valuation survey if they are happy to accept the valuation as supplied in the Homebuyers report(ask your mortgage supplier) Costs around £400 (depends on the house size/value)
It is the most expensive survey but should provide the most peace on mind. Whilst it would be preferable to have this type of survey on all properties budgets are often tight and dictate a cheaper option. It is hghly recommended for old properties in poor condition. Costs around £1000 (depends on the house size/value)