"I've had a mortgage valuation. Why should I get a private survey too?"

"I've had a mortgage valuation. Why should I get a private survey too?" Many home buyers confuse a mortgage valuation with a private property survey. While a mortgage valuation provides an assessment of the property's value for the lender's benefit, it falls short in uncovering the full scope of defects and issues that could impact you as the buyer.

When a lender checks a home's value for a mortgage, the surveyor focuses on how much the property is worth. This inspection is usually fast, often taking less than an hour. It focuses on finding any issues that could affect the value of the property. These defects are limited to those directly impacting the property's overall worth.

Choosing a private survey, such as a RICS Level 2 or Level 3 survey, provides a comprehensive inspection for buyers. This type of survey offers numerous benefits to the buyer. A private surveyor works for you and spends more time carefully examining the property compared to a lender's survey. Private surveys aim to uncover defects that could have significant cost implications for you in the future.

A RICS Level 2 or Level 3 survey goes beyond the surface-level assessment provided by a mortgage valuation. It delves deep into the property's condition, highlighting potential issues that might not be immediately apparent but could impact your investment down the line. By investing in a private survey, you equip yourself with valuable insights that can inform your decision-making process and potentially save you from unforeseen expenses post-purchase.

A mortgage valuation helps the lender, while a private survey protects your investment. Don't solely rely on a brief, lender-driven assessment when making one of the most significant financial decisions of your life. Prioritiae a detailed private survey conducted by a professional who has your best interests at heart.

By choosing to go the extra mile with a private survey, you empower yourself with a deeper understanding of the property's condition, ensuring that your investment is well-informed and protected. When it comes to securing your future home, opting for a private survey is not just a choice—it's a smart investment in your peace of mind and financial well-being.