When you buy a house, it’s usually a very good idea to book a survey. The survey will reveal any problems with the property so you know exactly what you are buying. You might then change your offer or pull out completely. But there are many myths surrounding the survey, and here are some of the most common.
When you are buying a home, you might be confused about the difference between a survey and a valuation. While these may sound similar, they are actually completely different and it’s important not to confuse them.
Here’s a guide looking at what both of these are so you are better informed when you buy your home.
When buying a new home, it’s always a good idea to get a survey carried out. A survey will highlight any problems with the property that you may not have been aware of. These could be relatively minor problems like damp or more serious problems like subsidence.
Buying a home is a big decision. It’s a huge financial commitment and in many cases, you’re searching for a property you plan on living in for a good few years, if not forever. That means that even though there is time in the future to make changes and add space or up-to-date elements, what most home-buyers want is a property that contains as many of their preferred features as possible, from day one.
When it comes to property investing, the best way to make money quickly is identifying an up-and-coming market, before its ‘up’. Getting this right can mean capital gains to get excited about along with a healthy buy-to-let yield, if you’re in it for the long haul. But, if it was that easy we’d all be rich – which means it isn’t easy.