4 Reasons to Hire a Surveyor When Buying a House

It can cost a lot of money to buy a house and that is just the purchasing process, never mind the repayments on the mortgage once you have moved in. You will need to pay a solicitor to take care of the legal process, a mortgage advisor to make sure you are getting the best deal on financing, removal people, taxes, and possibly an estate agent too. With all this money to lay out, it might seem wise to cut back on a few things. However, hiring a surveyor should not be one of them. Here are four reasons why you should hire a surveyor when buying a house. 

Your Mortgage May Depend on It

Most mortgage providers will need you to get at least the basic survey done on the property before they will agree to lend you money against it. This is to assess the risk they are taking when lending against the property. They need to know that the house exists and isn’t about to fall down. However, although you must pay for it, it is carried out for the lender’s purposes rather than yours. This means that if you find a problem after you move in, you wouldn’t be able to hold the surveyor accountable. 

It Will Give You More Information About the Property

A house is probably the most expensive thing you will ever buy. Therefore, it makes sense to have as much information as possible about it before you make your purchase. Many people use local surveyors who know the area and can tell them about any problems that are likely to come up due to the type of build, the land it is built on, or any other local issues. Local surveyors are easy to find so google House Surveyor in Norwich, or whichever town you are buying in to make sure you get enough information about the property to make a sound decision. 

Surveys Can Be Used as a Negotiating Tool

If any issues are uncovered in the survey you can use this as a negotiating tool to lower the price of the property. This means that you should have enough money to put the issue right once you move in and you won’t be out of pocket. This doesn’t always work as it depends on your vendor as to whether they will sell you the property at a lower price but it is certainly worth asking the question if you still want to buy the property. 

They Can Prevent You from Making a Costly Mistake

It may be that a surveyor uncovers some serious issues with the property that will cost you a lot of money to rectify. However, until you exchange contracts you are not legally obligated to buy the house and you can still change your mind.  This could save you a fortune and a lot of headaches if the property is in a poor state. 

A surveyor is a must-have if you are buying a property and the more in-depth the survey the more information you will obtain before you go ahead.