When you’re buying a house, poor survey feedback can seem like the end of the world.
Once the dust settles, though, you might want to ask yourself whether those ‘survey red lights’ are really enough to stop your sale altogether.
Undeniably, things like structural issues should raise questions, but most other things might not be the disaster you’re thinking. In fact, once you’ve taken the plunge and bought a fixer-upper with endless renovation work, you soon realise that critical survey ‘no-gos’ aren’t actually too big a deal.
To prove the point, we’re going to look at a few essential survey suggestions that have many homeowners running for the hills with no good reason.
# 1 – Anything aesthetic
Unless you invest in a specialist survey, your report will only ever look at what’s visible in your new property. As such, most of your feedback will regard aesthetics, and pulling out of a purchase for anything visual is foolish. Given that you’ve already spent money on a survey and probably solicitors, you’re only set to lose money this way. Even if your surveyor reports that the whole property needs ‘updating,’ you’ll still be quids in.
# 2 – Damp
Damp is a common home buyer fear and, in old properties especially, it tends to make itself known at the survey stage. Astoundingly, though, 38% of homeowners would withdraw their offer if this was the case. But, is there really any need for such drastic action? We don’t think so. In fact, with quality damp proofing companies offering services that would stop you ever noticing this issue, saying goodbye because of damp seems downright foolish. Okay, you need to use your brain here, but if there’s limited visible damp of note, then a relatively affordable treatment should be all it takes to keep on top.
# 3 – Electricity
As mentioned, surveyors consider purely visible issue. Most won’t test electrics, but they will make recommendations. And, one such recommendation no one wants to hear is that of rewiring. The idea of massive chases and extensive work is just too much for many of us to bear. But, again, rewiring recommendations might not be the colossal setback you’re expecting. Ultimately, recommendations are to rewire every ten years anyway, so this is a pretty standard survey addition. If in doubt, get an electrician in just to make sure everything’s safe. If even they come back with a negative, consider that rewiring might not be the setback you expect. For the sake of holding off moving in for two weeks and spending a few grand, you could certainly say that there’s a strong argument for going ahead regardless.
Survey negativity is never good, no matter what form it comes in, but EVERY property has at least some issues. Often, homeowners are too hasty in pulling out, and it leaves them out of pocket, as well as ruining entire chains. So, step back, and really ask yourself whether the news is bad enough for all that.
Disclosure: This is a partnered post