How to Choose the Right Building Survey?

This article will help you understand why it's worth paying for an independent survey, what you can expect for your money, and how the type of property you're buying should determine which survey you choose. The term "building survey" is additionally used in a context that is similar to, yet most certainly different from, the focus of this article. A Building Survey, earlier known as a Structural Survey which is carried out independent to the lenders. It is a recommended for all residential and commercial properties.

Because categorizing residential properties involves a number of different kinds of buildings, it is crucial that the extent of the survey should be decided amongst the surveyor and the client. In general a building survey will show the structure, finishing's, fabrics, external look and surroundings of the building.

It is important to note that a "Building Survey" should not be mixed up with a Valuation Survey or a Home Buyers Survey. Because, a Building Survey is done based on the Surveyor's own format or client's style, and it is usually a comprehensive and more technical than the homebuyer survey. Hence, it is important that the buyer knows the difference of many types of surveys available.

The types of survey that are offered can generally be set out under the following four headings:

1.       Full' Building Survey

2.       Main Elements or Major Defects' Survey

3.       Homebuyer Report

4.       Specific Survey

It is also important to note that building survey usually does not include a valuation, you can request this additional information from the surveyor at an additional fee. It is essential and prudent to use either reliable and experienced building surveyor or a building surveying firm. The most important thing to note is that the building surveyor is accountable and legally bound on the accuracy of the information. If you come across a problem which the surveyor has not included, you can ask for compensation later on.

Before you initiate the buying process for a new property in London, you should get a Building surveyor to survey it. This will bring to your attention several factors that an untrained eye would find difficult or impossible to detect. The main benefit of doing a building survey is it gives a broader picture of the building in hand which you would like to buy.