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buying property to rent in stockport / cheshire
Survey Types
A typical pre-purchase survey includes a home's electrical,
plumbing and heating systems as well as its interior
and exterior construction from roof to foundation. But
it does not include the soil around the house, ponds,
septic systems, building code violations or environmental
hazards, which can require a specialized surveyor and
can cost more.
Make certain that the survey contingency in your purchase
contract gives you ample time to conduct a general survey
and perform any specialized surveys that may be required.
Remember, repairs or remedies are negotiable and can
reduce the final price you pay for the house.
The most common surveys include:
Standard Pre-Purchase
This covers a home’s interior and exterior construction
and condition and includes electrical, plumbing and
heating systems. It can cost from £200 to £500
and is usually paid for by the buyer.
Wood Damage
Is required by many lenders and includes all interior
and exterior wood structures of the home. It costs
from £75 to £200 and payment is negotiable
between the buyer and seller.
Lead
All homes built before 1978 must disclose the presence
of any lead. The survey looks for the presence of
lead in paint, plumbing or other areas. It costs about
£400.
Radon
If the seller is aware of elevated radon levels in
the house, they are required to tell the buyer. The
inspection looks for the presence of this naturally
occurring radioactive gas above certain levels. It
costs approximately £150 and is negotiable between
the buyer and seller.
Environmental Hazards
The surveyor looks for the presence of any substance
(such as: asbestos, formaldehyde, petroleum, toxic
chemicals) in building materials, soil, water or air
that is a health risk. The price varies with the exact
type of inspection and is negotiable between the buyer
and seller.
Soil
The inspector examines the condition of soil under
and around foundation and retaining walls of the house
looking for problems like excessive moisture. It costs
anywhere from £300 to £2,000 and is negotiable
between the buyer and seller.
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