What is a residential property survey? (And other questions)...

We know that the process of buying a property can be daunting, and it’s completely normal to have lots of questions. We are the experts on the subject of residential property surveys and have listed some of the most commonly asked questions to help you. If you have anything specific you’d like to ask, please don’t hesitate to get in touch.

What is a house survey?

A house survey is an expert inspection of a property’s condition, identifying potential problems for a prospective buyer. Conducted by a surveyor, the inspection results in a report detailing their findings. Surveys are typically done after the seller accepts the buyer’s offer, although the process differs in Scotland.

Do I need a survey?

When purchasing a house or flat, the additional cost of a survey might seem unnecessary. However, being aware of potential problems before finalizing your purchase allows you to make an informed decision about the price you’re willing to pay and budget for any required repairs. If significant issues are identified, you could use the survey report to negotiate with the seller. For instance, if the survey reveals repairs costing £10,000, you might request a £10,000 reduction in the property price or ask the seller to complete the repairs before exchanging contracts.

House surveys vs. mortgage valuations

When applying for a mortgage, the lender will conduct a valuation to ensure the property is worth the amount you’re borrowing. This valuation, often called a ‘survey,’ can be misleading as it is not comprehensive. It might not involve a physical inspection of the property. Therefore, arranging your independent survey after your offer is accepted is recommended to avoid overpaying or purchasing a property with significant issues.

How to find a surveyor

Surveyors range from local independents to large companies. Regardless of whom you choose, ensure they are registered with RICS or RPSA:

To find a RICS-accredited surveyor, visit www.ricsfirms.com.

For an RPSA surveyor, email info@rpsa.org.uk or visit www.rpsa.org.uk/surveys.

Some homebuyers find surveyors through local listings, personal recommendations, or comparison websites. Estate agents or mortgage lenders may also recommend local surveyors knowledgeable about the area.

When booking a survey:

Read the Terms of Engagement to understand what the surveyor will and will not do.

Know the inspection date and report delivery timeline.

Ensure you have direct contact with the surveyor to ask questions if needed.

Do I need a survey on a new-build?

For new-build homes, a full house survey isn’t necessary, but a snagging survey can be beneficial. It identifies cosmetic issues like uneven plaster or sticking windows, and some surveyors provide detailed reports on structural problems, which can be more expensive. A snagging survey, costing around £300-£600, helps ensure issues are resolved before you move in.

How long does a survey take?

The duration of a house survey depends on the survey level and property size:

  • A basic survey might take an hour.
  • A mid-range survey could take up to three hours.
  • A full structural survey varies significantly, sometimes taking a full day.