When purchasing a home, especially an older or more complex property, ensuring that the building is structurally sound is a crucial step. This is where a structural survey comes in. A structural survey, also known as a building survey, is a detailed inspection that assesses the condition of a property, identifying any potential structural issues or defects. One question that often arises during this process is who is responsible for organising the structural survey when buying a house? In this article, we’ll delve into the responsibilities, processes, and key considerations involved in organising a structural survey.
What Is a Structural Survey?
A structural survey is a comprehensive examination of a property’s structure, including its foundation, walls, roof, and other structural elements. It is carried out by a qualified chartered surveyor or structural engineer and is designed to highlight any potential defects, damage, or risks that could impact the stability of the property. The survey provides a detailed report, helping buyers understand the property’s condition before making a purchase.
Structural surveys are particularly recommended for older properties, buildings with unusual structures, or properties that have undergone significant renovations. They can reveal hidden issues that could lead to costly repairs if not addressed before purchase.
Why Is a Structural Survey Important When Buying a House?
A structural survey is an essential step for buyers because it provides a clear picture of the property’s condition. Here are some key reasons why a structural survey is so important:
1. Identifying Hidden Issues:
Structural surveys can uncover hidden problems such as subsidence, damp, roof damage, or foundation issues. These issues might not be visible during a casual viewing but could lead to significant expense if discovered after purchase.
2. Informed Decision-Making:
The information from the survey allows buyers to make an informed decision about whether to proceed with the purchase. It helps in understanding the true value of the property and whether any repairs or renovations will be required.
3. Negotiating Power:
If the survey reveals defects or necessary repairs, buyers can use the report to negotiate a lower purchase price or ask the seller to address the issues before the sale is completed. This can save buyers a substantial amount of money.
4. Peace of Mind:
For many buyers, especially first-time homeowners, a structural survey offers peace of mind. It reassures them that they are making a sound investment and that there are no unexpected surprises lurking in the structure of their new home.
Who Is Responsible for Organising the Structural Survey?
The responsibility for organising a structural survey typically falls on the buyer. However, the process involves collaboration between the buyer, their lender, and their estate agent. Here’s a breakdown of the roles and responsibilities of each party:
- The Buyer:
- Initiating the Survey: The buyer is the primary party responsible for arranging the structural survey. They choose a qualified surveyor, schedule the inspection, and cover the cost of the survey. It is in the buyer’s best interest to ensure that the survey is completed before finalising the purchase in order to avoid unexpected issues later.
- Choosing the Right Surveyor: Buyers can select their own surveyor, or choose from a list recommended by their estate agent or mortgage lender. It’s important to select a surveyor who is qualified, experienced, and registered with a recognised professional body.
- Reviewing the Report: Once the survey is completed, the surveyor will provide a detailed report. The buyer should review the findings and, if necessary, discuss any significant issues with their surveyor to understand the potential costs or risks associated with the property.
- The Mortgage Lender:
- Valuation Surveys: Mortgage lenders often require a valuation survey as part of the mortgage approval process. It’s important, however, to note that this valuation is not the same as a structural survey. A valuation survey is designed to assess the property’s value rather than its condition.
- Recommending a Surveyor: While mortgage lenders may recommend surveyors who can conduct a structural survey, the buyer is not obligated to use them. They have the freedom to select their own surveyor.
- The Estate Agent:
- Guidance and Recommendations: The estate agent can play an advisory role, guiding the buyer through the process and recommending reliable surveyors. While they do not directly organise the survey, their local knowledge and networks can be helpful in finding a reputable professional.
The Process of Organising a Structural Survey
Organising a structural survey involves several key steps to ensure that the inspection is thorough and provides the necessary insights into the property’s condition. Here is a step-by-step guide for buyers:
1. Research and Select a Qualified Surveyor:
Buyers should start by researching qualified surveyors or structural engineers in their area. Look for professionals who are registered with a reputable organisation, and have good reviews or recommendations from previous clients.
2. Get Quotes and Compare Services:
It’s a good idea to obtain quotes from multiple surveyors to compare prices and the scope of their services. The cost of a structural survey can vary depending on the size and complexity of the property. Comparing quotes ensures that buyers get the best value for their money.
3. Schedule the Survey:
Once a surveyor is chosen, the buyer will need to schedule a date for the survey. The surveyor will coordinate with the seller or estate agent to gain access to the property on the agreed date.
4. Review the Survey Report:
After the survey is conducted, the surveyor will provide a detailed report outlining any defects, potential issues, and recommendations for repairs or further investigations. Buyers should review this report carefully and consult with their surveyor if they need clarification on any of the findings.
5. Decide on Next Steps:
Based on the results of the survey, buyers may choose to proceed with the purchase, negotiate with the seller for repairs or a price reduction, or reconsider their offer if significant issues are found. It’s also wise to discuss the survey findings with their mortgage lender to understand how any issues might impact the mortgage process.
What Happens If the Seller Has Already Conducted a Survey?
In some cases, a seller may have already conducted a structural survey before putting their property on the market. While this can be helpful, buyers should still consider commissioning their own independent survey for several reasons:
- Potential Bias: A seller-commissioned survey may be more likely to highlight the positive aspects of the property while downplaying potential issues. An independent survey ensures that buyers receive an unbiased and comprehensive assessment.
- Up-to-Date Information: The seller’s survey might be outdated, especially if it was conducted several months before the buyer’s offer. A new survey ensures that any recent changes or issues are identified.
- Negotiation Leverage: A buyer’s independent survey can provide them with stronger leverage during negotiations, particularly if it identifies issues not previously disclosed by the seller’s survey.
Take Control of the Process for a Confident Purchase
Organising a structural survey is a crucial part of the home-buying process, and the responsibility generally falls on the buyer. By taking charge of this process, buyers can ensure that they receive an accurate understanding of the property’s condition, giving them the confidence to make a well-informed decision. While it involves an additional expense and some coordination, the insights gained from a thorough structural survey can save buyers from unexpected repair costs and stress in the long run.
Whether you are a first-time homebuyer or an experienced investor, investing in a structural survey is a smart move that ensures you know exactly what you are purchasing. With the right approach, you can navigate the survey process smoothly and secure a home that meets your expectations without hidden surprises.
