This is one of the most common questions that we are asked by property buyers here at Berry Lodge Surveyors.
If you are purchasing a property that is older than 10 years, quite simply, there will be no form of warranty in place, therefore you are effectively going to be the person liable for making good any defects or damage should they arise the property.
Therefore, in order to make a fully-informed decision on a property you are purchasing it is key to have a Pre-purchase Survey undertaken to ensure that you are fully aware of the property, its condition, any defects and most importantly the cost of making good those defects.
In our experience here at Berry Lodge, most properties will usually hold anywhere from 10-50 defects that at any one time could likely result in costs ranging from hundreds to tens of thousands of pounds.
Therefore, it is very important for a homebuyer to be fully aware of these defects, so that they can either take them into account when making their property purchase decisions, or alternatively can speak to the seller to see if they are willing to undertake repairs themselves, or if there is some type of renegotiation to be had on the agreed sale price.
Property purchases can be a stressful time as you are often going to find yourself caught in the middle of a property chain, therefore knowing the facts is key to ensuring that the purchase you make is not only well-considered, but also a good proposition that will avoid an ongoing maintenance cost attributed to it.
Here at Berry Lodge Surveyors we recommend a Pre-purchase Survey for any property that is more than 10 years old, therefore if you are planning on purchasing a property and you believe a Pre-purchase Survey may be of value to you, give our team of experienced surveyors a call now and we will be happy to discuss the property with you as well as the services we can provide.