If you’re in the property business, you’ve likely heard of the dreaded “structural survey”; but what exactly is a structural survey? A structural survey is a general home inspection to determine the condition of the property and whether any work needs to be done to it at all.
This includes any problems with the property such as foundation cracks, eroded or loose tiling's, etc. But it also includes general notes and points of interest regarding the house, such as hardwood floors, or double-glazed windows.
While expensive, these surveys are essential for marketing your property. A clean survey will make a property more attractive to a perspective buyer, and it shows honesty on your behalf when it comes to disclosing any potential faults with the home.
Let’s dive a little deeper into the process if a structural survey...
All structural surveys will be carried out by qualified surveyors, pertaining to the RICS (Royal Institute of Charted Surveys). All RICS members have professional indemnity insurance, making them the best people for the job.
All structural surveys include:
While they’re not an absolute necessity it's highly advised that you have one done before putting your house up on the market; this way you avoid complaints from tenants about any nasty surprises you weren't aware of, after already completing a sale. This could also lead to legal trouble, which is completely avoidable; you would be distraught if you had to spend thousands on legal fines because you didn't do a single building survey.
Unfortunately there isn't a real catch or answer to this question. It's all dependent on the property itself; most survey companies will charge their fees based on location, size, and the type of house. Surveys could start as low as a couple hundred pounds, but slowly creep up into the thousands if your property is significant in size or in an area of prime real estate. There are three main categories of structural surveys that you can purchase:
If you are ever interested in selling quickly, feel free to contact Quick Property Buyer. We pay for all fees including for the survey.