5 Benefits of Measured Surveys for Property Buyers
posted 18th December 2024
It's not uncommon for property buyers to think that having a measured survey is an unnecessary expense. We know that buying a property is a huge investment, but with the right survey in place, you can feel confident with your purchase. The MB Survey Solutions team have put together five benefits of measured surveys for property owners.
Mortgage Valuations Do Not Provide The Benefits You Need
Many property buyers are under the impression that a mortgage valuation is the same as a measured survey. Valuations confirm the value of the property against the mortgage requested. It confirms if the property is worth what you are paying. These valuations usually include defects that impact the value of the property, but it doesn't provide other common issues that home buyers face, such as rot, damp, and other issues that could be expensive in the long run.
Surveyors Have Unbiased Opinions
Our surveys are impartial when inspecting a property. This backed with their extensive knowledge and experience, make it highly likely they will spot problems you may not notice. The average property buyer will spend around thirty five minutes viewing a property to purchase. Surveyors on the other hand can spend two hours inspecting the property, based on size. They cover all areas including basements and attics.
Saves You Money
When you choose to have a measured survey carried out for your next property purchase, you will find you could save money in the long run. Surveys are inexpensive compared to costly repairs you may have to make in a month or a years time. By knowing what repairs are needed, you have more negotiation room, saving yourself money down the line.
Finding Issues and Addressing Them Before Committing
In the event our surveyors find any defects that result in expensive repairs, it doesn't mean you shouldn't go ahead with the purchase, especially if it ticks all your boxes. You can ask the seller to address the issues before you take occupation, or use the survey as a renegotiation tool.
Surveys Have an Understanding Of Issues in Your Area, Along with Local Risks
Knowledge does matter when it comes to a property purchase. Surveyors know your local area, the types of properties in the area, along with what to look for. Some areas are prone to flooding, others may be on a site where underground mining used to take place. These are all potential risks that need to be addressed.
Conclusion
Overall, a measured survey is a highly valuable tool for property buyers. It provides you with a detailed assessments of the property, enabling you to make your purchase with confidence. It helps you know what you are buying, while saving you money on expensive repairs in the long run. Get hold of MB Survey Solutions today if you need a measured survey before committing to purchase your next property.