Why Skipping a Survey is Like Playing Property Roulette (and Nobody Wants to Lose)

When it comes to purchasing a new build property, it's easy to get caught up in the excitement of finding your dream home. However, one crucial step that should never be overlooked is commissioning a survey of the property. While the idea of spending more money on top of the already expensive purchase may seem unappealing, the potential risks of not conducting a survey could end up being much more costly in the long run.

Firstly, without a survey, there is a chance that hidden defects or issues could go unnoticed. These could range from minor problems that are easily fixed to major structural issues that could lead to expensive repairs down the line. In some cases, it may even lead to needing to completely rebuild or demolish parts of the property.

Not only does this come with a significant financial burden, but it can also be incredibly stressful and time-consuming.

In fact, research conducted by the Royal Institution of Chartered Surveyors found that nearly one in five UK homeowners discovered a problem with their property after moving in that they were not aware of at the time of purchase. This highlights just how important it is to conduct a survey to identify any potential issues before committing to the purchase.

Additionally, a survey can also provide buyers with peace of mind knowing that they are fully aware of the condition of the property they are purchasing. It can help to avoid any nasty surprises down the line and ensure that buyers are fully informed before they make a significant investment.

It's essential to ensure that the survey is conducted by a qualified surveyor who is trained to identify any potential issues or defects. There are several types of surveys available, from a basic condition report to a full building survey, which can provide varying levels of detail about the property's condition.

In conclusion, commissioning a survey before purchasing a new build property is a crucial step that should never be overlooked. The potential risks of not conducting a survey far outweigh the initial cost, and it can provide buyers with the peace of mind they need before committing to a significant investment. Remember, never underestimate the importance of conducting a survey before purchasing a property.