Buying a new home, and certainly buying you first home is usually the most exciting, daunting and expensive purchase of your life!
Because of the expense associated with buying the house; deposit, furnishings, the list is endless, home buyers survey sometimes take the cheapest survey. Just the one that the bank needs. Whilst is adequate, it really is worth investing in a more comprehensive survey.
In the UK the RICS home surveys are
RICS Condition Survey
RICS Homebuyer Reports
RICS Building Survey.
The building survey is THE most comprehensive. If there is a problem, this survey will reveal it. When problems are discovered the buyers usually gets a quote to rectify the problem and asks the seller to reduce the sale price accordingly. This does not always work- if there are several potential buyers for example, it the sellers market.
Because of the expense associated with buying the house; deposit, furnishings, the list is endless, home buyers survey sometimes take the cheapest survey. Just the one that the bank needs. Whilst is adequate, it really is worth investing in a more comprehensive survey.
In the UK the RICS home surveys are
RICS Condition Survey
RICS Homebuyer Reports
RICS Building Survey.
The building survey is THE most comprehensive. If there is a problem, this survey will reveal it. When problems are discovered the buyers usually gets a quote to rectify the problem and asks the seller to reduce the sale price accordingly. This does not always work- if there are several potential buyers for example, it the sellers market.
