Should I Get a Survey When Buying a Home?

When you’re buying a home, one big question often comes up: should you get a survey? The home-buying process can feel overwhelming, there’s a lot to think about and even more to decide. But choosing to have a survey done could save you from future headaches, unexpected repairs, and costly surprises.

In this guide, we’ll look at why surveys matter, the different types available, and what could happen if you skip this important step.

Why a Survey Matters

A property survey is more than just a box to tick; it’s a vital safety net for your investment. It gives you a clear picture of your potential new home’s condition, highlighting any hidden issues you might not spot during a viewing.

In fact, the Royal Institution of Chartered Surveyors (RICS) reports that most surveys uncover problems that need attention. These can range from minor cosmetic fixes to serious structural issues.

A RICS study revealed that buyers who did not get a home survey faced an average of £5,750 in unexpected repair work after moving in, with some paying significantly more. A survey helps you catch these problems early, saving you money and stress in the long run.

The Main Types of Surveys

There isn’t just one type of survey, different properties need different levels of detail. Here’s a quick breakdown:

1. Home Condition Survey

This is the most basic option, offering a general overview of the property’s condition. It’s ideal for newer homes or properties that seem to be in good shape. It’s also the most affordable choice if you just want reassurance that nothing major is wrong.

2. Homebuyer Report

A step up in detail, this report is suited to homes that are 20 years old or more. It covers the property’s condition, highlights potential risks, and includes advice on repairs or maintenance. It might flag things like old wiring, damp, or signs of structural wear.

3. Building Survey

If you’re buying an older, unusual, or renovated home, a Building Survey is the most comprehensive option. It’s a full structural review of the property, examining everything from the roof to the foundations. This is especially useful for period homes or fixer-uppers, where hidden issues can be costly if missed.

The Risks of Skipping a Survey

Skipping a survey might seem like a way to save money upfront, but it can easily backfire. Without one, you could end up with unexpected repairs or serious structural problems after moving in. Structural repairs alone can exceed £40,000, while issues like damp or mold can affect both your comfort and your health.

Without a survey, it’s harder to negotiate on price. You may end up overpaying for a home that needs more work than you thought.

How a Survey Can Save You Money

It might feel like an extra expense, but a survey often pays for itself. If issues are found, you can use the report to negotiate a lower price or ask the seller to make repairs before the sale goes through.

Surveys also make budgeting easier. Knowing what to expect helps you plan for future maintenance costs instead of being caught off guard.

And remember, some mortgage lenders require a survey before final approval, particularly for older or unusual properties.

Choosing the Right Survey for You

The right type of survey depends on your situation:

• Newer homes: A Home Condition Survey is usually enough. Some surveys report that a whopping 93.7% of new build buyers reported problems such as snags and defects and over a quarter (26.2%) reported more than 15 snags.

• Older homes or properties with visible issues: Go for a Homebuyer Report or Building Survey for a more in-depth review.

Think of it as insurance for your purchase - spending a few hundred pounds now can save you thousands later.

Final Thoughts

Getting a survey might not be the most exciting part of buying a home, but it’s one of the smartest moves you can make. It protects your investment, helps you plan for future costs, and ensures you know exactly what you’re buying.

Before you complete your purchase, take the time to arrange a survey. It could be the difference between moving into your dream home with confidence or discovering expensive surprises after the keys are in your hand.