We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
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.
Survey for a 10 year old house
Lucysauntie
Posts: 52 Forumite
Hello. I’m in the process of buying a property that is approximately 10 years old. Any point having a survey? Seems a lot of money in an already costly process!
0
Comments
-
Yes. Just because it's fairly new doesn't mean there could be nothing wrong with it. If you are getting a mortgage that might be a condition of the loan
2 -
Do it. We didn't, and wish we had
1 -
An owner can do a lot of damage to a house in 10 years. Mum and dad's first house was only 3 years old when they bought in the 60s and my dad still reckons the first owner could only use a hammer!
You are also buying knowledge. If a surveyor is local they may have surveyed many properties on the development and are aware of inherent defects they can make you aware of.
1 -
A level 2 survey will be sufficient ( cheaper than a level 3) unless it has had significant alterations.2
-
We had one, a level 2. To me, it was worth it for the peace of mind. It was reassuring to read that all the issues were just normal maintenance, nothing serious.
1 -
Agree with everyone else, get a level 2 survey, often called a homebuyers survey. It will tell you all you need to know about the property and it's not all bad news, but it will give you an idea of any future maintenance issues that will need looking at, but hopefully no major issues that need fixing now. Presumably it's a few hundred £k purchase, so worth spending £600 ish to me.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.2K Banking & Borrowing
- 252.8K Reduce Debt & Boost Income
- 453.2K Spending & Discounts
- 243.2K Work, Benefits & Business
- 597.6K Mortgages, Homes & Bills
- 176.5K Life & Family
- 256.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards