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House purchase is the largest single investment most of us
make in our lifetime and to consider such a purchase without
the benefit of professional advice from an independent
company such as DowlingDodd Chartered Surveyors would
seem, to say the least, imprudent.
Yet that is exactly what the majority of home buyers tend to
do. Most house purchasers still rely on the Valuation Report
prepared by their mortgage lender, although that report is
primarily for the lenders own purposes and is based purely
on financial grounds and not on any structural basis.
A detailed survey such as the HomeBuyers Survey and
Valuation should be considered as a bare minimum,
irrespective of the age or condition of the property and
in some cases the more in-depth Building Survey will be
required.
These surveys are aimed at identifying defects which require
repair in order to prevent further deterioration and possible
associated damage.
The survey will also draw attention to defects which can
have a significant affect on value and can form the basis for
further negotiation on the purchase price. Often, the cost
of the survey is only a fraction of the saving made through
renegotiation.
The Royal Institution of Chartered Surveyors HomeBuyers
Survey and Valuation is suited to most residential properties.
Obviously the cost of a survey will vary depending on the
purchase price and type of property, as well as the type of
survey required.
Such a small price to pay for peace of mind