Paying for Building Surveys can Be A Great Way to Get an Accurate Value for a Property
It may be that you’re looking for a new property or trying to sell an existing one, but if you lack a survey on whether it is structurally sound, or whether the roof leaks or not, it may undermine the price to a degree as questions about these issues will persist.
For home owners, it can be a risk to pay for a survey, as, on one hand, you want to create confidence in the value of the property, while on the other getting a bad report back can mean expensive repairs or a significant cut in the value of the property. It is important to remember that any information on defects that building has need to be divulged to the party buying the property, so it can’t just be swept under the rug.
If you’re looking for a property to purchase, then having surveys of the building is always a good thing. A number of surveys and studies are required by law for any (such as an energy performance certificate), but any additional ones may need you to pay for it yourself before you make the purchase, which will also require the approval of the property owner.