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Once you've found a property, and wish to see if its worth going for
you're best to get a survey carried out, however there are 3 types of
these, all at different costs according to the surveyor.
This is the most basic type of survery, which is a basic inspection
of the property and allows the lender to consider the property for a
mortgage. This survey will come back with a valuation for the property,
and may tell you about some essential work that may need to be carried
out. This costs around £100 - £150 usually.
This is a more detailed inspection which highlights both the exterior
and interior of the property. The surveyor will often go to the effort
of looking in the loft, under carpets, in basements etc for this, whereas
in the Valuation Report they wouldn't. For these extras, the survey
is often around three times the price, around £300 - £350,
however, any majors defects found can be used to haggle on the price.
This is a more detailed technical report on the structure, detailing
any structural defects for example cracks in the walls, guttering, chimneys,
tiles, the roofing and wall stucturing etc. It will also detail the
age of the building and the type of the structure, including the type
of design of the walls, floors, ceilings and roofing.
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