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Why you have to have a building survey when buying a home

February 11, 2021 12:59 pm

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Cost and considerable ones are the lot of someone looking to buy a home. There are ways to reduce the costs but one that you cannot avoid is that of the Home buyers survey. However, do not feel too aggrieved, without the building survey you cannot purchase the property and you will need to know all about it before you do.

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In home buying there is a saying; Caveat Emperator which means “Let the buyer beware”. It is used quite a bit in Solicitor speak when purchasing a home and it is very true. The purchase of a home is not to be taken lightly as it is a huge financial commitment. It’s very different to say, a washing machine, and you can’t take it back and change your mind. If you have a New build then you usually have a 2 to 5 year warranty and a 10 year New build certificate but once these end you are on your own. For older properties as a resale this does not apply at all. Get a Building Survey Birmingham way company like https://www.samconveyancing.co.uk/Homebuyers-Survey/Home-Buyers-Survey-Birmingham to do it.

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The building survey will tell you all that you need to know about the place. Imagine that a damp problem is unearthed or that the roof is in need of repair. This cost will fall to you, eventually and if you have just secured a huge loan and used much of your coin in a deposit and fees why should you then pay again? Also the mortgage provider will have severe doubts about whether they want to lend on such a place as well.

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