The straightforward guide to the benefits of hiring a professional to survey a property you are considering buying.
Buying a house in Ireland is hard! The process is long and complex and packed with words and phrases you have never heard before (and hopefully never will have to again!).
Surveys can sometimes catch people off guard. They have just gone sale agreed and then advised by either their solicitor or bank to have a structural survey complete.
But what even is the purpose of a survey and how can it benefit you? Here are just 3 reasons why you should get a survey complete before signing contracts and commuting to the purchase.
Protect your investment
What is the purpose of a survey?
When you go Sale Agreed, it is your chance to do your due diligence before you sign contracts. The two most important items here are to 1: make sure that the property is legally sound by hiring a solicitor to complete the conveyancing process and make sure the title of the property is in order and 2: make sure the property is in good condition, or at least that you know any conditional issues you are taking on. To achieve this you hire a surveyor to conduct a pre-purchase survey.
The survey will include a list of any structural issues identified by the surveyor along with any conditions caused by poor maintenance of the property or just general wear and tear. The survey will also help advise your solicitor on some elements where necessary.
The main purpose of a pre-purchase survey is to give you a professional opinion on the condition of the property and it's suitability for purchase. This will help you make an informed decision on whether or not to sign contracts.
When you get your written report after the survey, you should be armed with enough information on the condition of the property to make one of four decisions:
Sign contracts and continue with purchase
Ask the vendor to fix some issues
Attempt to renegotiate the sale agreed price
Pull of out of the sale
Buyer Beware!
When you buy a second-hand property in Ireland, you are buying the property in its current condition, including all known and unknown issues.
This means that if the week after you move in you discover the property needs a new roof, you will have no legal comeback to the vendor.
A vendor (person selling the property) does not have to divulge any known issues to a buyer.
Because of this, it is vital to do all the due diligence you can to ensure you
Protecting your Investment!
It can be strange to think of your family home as an investment, but at the end of the day, it's going to be the place you live, the place you raise your family and potentially, the inheritance you leave to your family.
All properties will need work and upgrades over time, but you don't want to be hit with an unexpected bill shortly after buying.
You need to be fully aware of what you are buying, the condition it is in, work which may be required in the short/medium term and any other issues you may need to address.
A survey, conducted by a professional is the best way to achieve this!
Sale Agreed? Book your survey now!
If you are Sale Agreed, Get House Survey is Ireland's leading surveyor for second hand properties. We have upfront pricing along with an average turnaround time of just under 1 week.
To book your survey, just go to GetHouseSurvey.ie and click on "Get Survey Now".
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