We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Importance of a survey

13»

Comments

  • wksd
    wksd Posts: 98 Forumite
    Second Anniversary 10 Posts Name Dropper
    Thrugelmir wrote: »
    Around 12 years ago. Was potentially considering purchasing a stunningly restored 1890's property. Was shown pictures of the work undertaken by the owners through the entire refurbishment stage. Perhaps it was gut instinct that told us to have a full structural survey though the cost would be in the region of £800. When the report came back. The property had been devalued by £45k. There were 8 pages of "faults". Given the time surveyors can do a very thorough job. Explained why the downstairs walls were freshly painted (damp) and there was bread in the oven when we viewed. Ultimately we recovered the full cost of the survery from the EA's .
    Thank you - this is interesting. It's only £500 which in the grand scheme no money at all.
  • dimbo61
    dimbo61 Posts: 13,727 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    With a 100 year old property I would get a survey which may well be required by your lender
    I would also consider a builder you know and trust, an electrician to check the whole property.
    Timeber/Damp specialist
    Maybe a Gas Safe person to check the central heating
  • Smodlet
    Smodlet Posts: 6,976 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 27 November 2019 at 3:59PM
    dimbo61 wrote: »
    With a 100 year old property I would get a survey which may well be required by your lender
    I would also consider a builder you know and trust, an electrician to check the whole property.
    Timeber/Damp specialist
    Maybe a Gas Safe person to check the central heating

    What dimbo61 says, with bells on. If you can afford it, having every specialist tradesman there is go over this property with a fine toothed comb is the best way. It is also quite a deal of money up front for a property you might decide not to buy unless you already have a raft of professionals you trust and who trust you: If this is the case, they might take a look for a fraction of their fees since they can trust you to commission them for any works required.

    If you do buy it and there are problems to find, sooner or later you will be paying guys (or gals) to do precisely this; the only difference will be whether you do it all at the beginning or, as is more usual, do it piecemeal once you are stuck with it and cannot just walk away. Sorry if that sounds harsh; the truth often is.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.4K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.3K Work, Benefits & Business
  • 604.1K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.