What is the purpose of a property survey?
For many of us, purchasing a property is one of the largest investments we will make in our lives. So things like property surveys can seem like an unnecessary expense at an already uncertain and costly time. In fact, only around 20% of people obtain a property survey assuming it will be too expensive and delay the home buying process. Amongst those people that do, often they choose the cheapest and most basic survey possible, for the sole purpose of securing a mortgage on a property (often a survey is required for this). In this post, we explain exactly why we need property surveys, how to get them and how much they cost.