When buying a property, the number of surveys involved can often seem confusing and unnecessary. It is important to know your homebuyer survey from the surveys carried out by your mortgage company – and to understand the part they play in your purchase. A homebuyer survey tells you whether there are any hidden defects in the property and this can be used as a negotiating tool when it comes to settling the price.
Commercial Building Surveys
As with buying a home, you need to get a full commercial building survey for commercial premises that you are considering buying or leasing. If you are leasing premises, the information provided by this type of building survey could be significant; many leases state that you maintain the premises in good repair and possibly correct any defects. This could be an expensive process if you are unaware of the potential faults the building may have at the start of your lease.