In the rush to get a house, it is something which often gets overlooked, but it is vitally important to pay for a building survey before you sign the contract. Even if there are no visible problems with the property, any number of things could be lying just under the surface, including:
- Termites eating away at the flooring and structure.
- Water damage from leaks in a roof and guttering, or ground water damaging the foundations of the building.
- Damage to weight bearing walls.
- Poor electricity circuiting which needs to be replaced.
- Damaged plumbing system.
Whether your potential home’s structure is made of wood or brick, problems with that structure can be very costly. Having such a cost appear out of nowhere is something nobody wants when they’ve just signed up for a mortgage, and to avoid this, paying for a building survey is definitely worth the figure of at most £1000 for a basic study.