Purchasing a second hand property can be a daunting experience, but there can be some big advantages over new builds. If you are buying a second hand property, it is important to protect yourself and your investment - even if you never plan to sell on. One way to do this is by getting a pre purchase survey, also known as a structural survey report or building survey.
A pre purchase survey is a comprehensive visual inspection of the property you are interested in buying. It is conducted by a qualified surveyor or engineer and provides a detailed report on the condition of the property, highlighting any issues or defects that may need to be addressed and it helps to identify any potential legal issues for your solicitor.
There are several reasons why it is important to get a pre purchase survey before you buy a second hand property:
1: To identify any potential issues: A pre purchase survey can help you identify any issues or defects with the property that you may not have noticed during a casual viewing. These issues could include structural problems, damp, or problems with the roof or other external features. By identifying these issues early on, you can decide if you still want to proceed with the purchase or not without finding out any nasty surprises after you move in!
If the survey reveals significant issues or defects, you may decide to look for a different property, or negotiate a lower price to reflect the cost of repairs. This can help you protect your investment and avoid buying a property that could turn into a money pit.
2: To save money in the long run: Even if the property you are interested in appears to be in good condition, a pre purchase survey can still reveal hidden issues that may not be immediately apparent. By identifying these issues early on, you can avoid costly repairs down the line. This is particularly useful if there are a lot of smaller "non-urgent" issues identified and buyers sometimes use these as a to-do list of work after they move in.
3: Possibly most importantly, is to provide peace of mind. A pre purchase survey can give you confidence in your decision to buy a second hand property. You will have a better understanding of the condition of the property and can make an informed decision about whether it is the right fit for you.
Getting a pre purchase survey before buying a second hand property is an important step in protecting your investment and ensuring that you are fully informed about the condition of the property. While it may involve an additional cost upfront, it can save you money or help to avoid some costly mistakes!
At GetHouseSurvey.ie we offer the most comprehensive surveys in Ireland with the best customer service and fastest turnaround time.
To book a survey, just go to GetHouseSurvey.ie and click on "Get Survey Now".
