Whether you’re selling a house, a first-time homeowner, or even a developer looking to work on a new construction or renovation project, purchasing a property can be an exciting yet daunting prospect. After all, this will be one of the biggest lifetime investments you’ll make.
Now with the stamp duty holiday extension for homebuyers and investors, the opportunity to get on the property ladder has increased and it’s likely that new buyers will seek out surveyor services.
So, what are the benefits of hiring a chartered surveyor when purchasing a property? Here are the top reasons.
It goes without saying that chartered surveyors are experts in their field of work. Many have completed the relevant qualifications needed to become a registered surveyor, with experience in a number of specialisms, such as rural, machinery, construction and of course, building.
A chartered surveyor can help assess the value and condition of a property or site, including professional advice on planning permissions, potential structural or environmental issues and costs.
With their vast knowledge and experience, this means they can conduct a thorough investigation on all fronts of a property, giving you peace of mind knowing that you be receiving the best advice possible.
Saves you time & money
Research conducted by the Royal Institution of Chartered Surveyors (RICS), highlighted that one in five of buyers who did not have a survey uncovered faults at a later date, which cost on average £5,750 to fix.
Buying a property is an expensive undertaking and one which requires careful consideration when choosing the right one for your needs and requirements, as well as identifying future maintenance repairs or hazards.
If you’re inexperienced as a first-time buyer, a professional like Torus Chartered Surveyors in Altrincham can provide fully detailed RICS Condition and HomeBuyer reports. These start from £400 – £1,000 (depending on the price of the property), outlining any major problems or concerns to ensure the price is right. This gives you the freedom to go ahead with or deny the sale – saving you money in the long-run.
The right home valuation
Furthermore, another reason to hire a chartered surveyor when purchasing property is advice on home valuations. Most will have an ideal budget in mind when it comes to viewing properties that fall either slightly above, below or within that budget.
Chartered surveyors have plenty of experience with local authorities to accurately determine if the valuation is fair or not, allowing you to make the most out of your budget and leave out any guesswork.
A surveyor for everyone
In short, hiring a chartered surveyor to inspect a property before you buy is a great way to invest your money wisely, with the added benefits of a professional examination and easy-to-follow report to help guide you on your journey in finding the ideal house.