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Why Do Surveys Matter?

Published: 25/08/2022

Once a buyer has found their dream property, it is only natural they want to ensure their new home is structurally sound and a wise investment.

Gary Fountain, a chartered building engineer, surveyor, building control surveyor and construction manager, explains that for complete confidence, a Level 3 building survey is the best option. This survey provides an exhaustive assessment of a property’s construction and potential problems – often costing less than £500.

“There are three types of assessment,” explains Gary.

“A condition survey, or Level 1, also called a valuation survey, is carried out on behalf of a bank or building society and is a simple evaluation of how much an applicant is borrowing against the value of the property.”

“A home buyer’s report or Level 2 home survey can be undertaken by any surveyor and scratches the surface of assessing a property, but will often point buyers towards a chartered surveyor if there are areas of concern.”

“A Level 3 building survey will identify a property’s construction and any defects, along with suggested solutions to those problems. This type of survey is comprehensive and, at first sight, can appear damning if there are issues arising. A good, chartered surveyor will discuss these with a client to enable them to make an informed decision. In some instances, we can advise on the potential cost of rectifying defects.”

“If you are buying a new home, the property will come with a warranty or architect’s certificate, but it’s important to ensure you obtain a copy of this and know what is covered.”

Despite increased pressure on conveyancing in recent years, Gary says his company aims to undertake a survey within a week of appointment and provide a full report within ten days.

“My daughter, who is also a surveyor, works alongside me so our clients benefit from two sets of eyes on their prospective purchase. We know how stressful house-buying can be and aim to ensure everything goes as smoothly as possible.”

North Norfolk Surveyors is a Chartered Building Consultancy with bases in Snettisham and Sheringham.