Buying a property is a significant investment, and a property survey is an essential step in ensuring that you’re making a completely informed financial decision. In this article, our estate agents Chelmsford give the low down on some of the common problems found in a property survey, so you’re better equipped to understand and address them.
What is A Property Survey?
When you are in the process of purchasing a home, Balgores strongly advise you to have a property survey conducted. A property survey is an examination of the status and condition of a property. These surveys are a smart method to minimise unexpected repair expenses in the future, and they will give you an estimate of how much time and money you will need to invest in the property to bring it up to code. The results of these property surveys can range from serious structural damage to modest repairs.
Asbestos gained popularity in the late 1800s, but despite its popularity, it is now banned due to associated health risks. Before 1990, asbestos was extensively used in various building components, including insulation, roofing, and flooring and it is still found in many homes to this day. If your property survey finds asbestos is not an immediate cause for alarm—undisturbed asbestos is generally considered safe—it can become a concern if disturbed, as this could release hazardous fibres into the air. Thus, the existence of undisturbed asbestos isn’t something to automatically pull out of purchasing the house. Should your assessment uncover asbestos, seeking advice from a certified asbestos specialist for thorough evaluation and proper management is recommended. The costs linked to addressing asbestos can vary, contingent upon the extent of contamination and the affected location.
Dampness is a common issue found in property surveys, particularly in older homes. It can affect the structural integrity of a building and lead to an abundance of further problems such as further rotting of the house or even respiratory problems for those living in the house if left untreated. Signs of dampness include water stains, musty odours, and peeling paint. While minor dampness might be manageable, widespread, and severe dampness can be concerning. If your survey indicates the presence of dampness, consider seeking a specialist’s opinion to provide insights into the extent of damage and recommend appropriate solutions.
Although Japanese knotweed appears to be harmless, it is a very invasive plant that can wreak havoc on properties and gardens if found. Its aggressive growth targets weak places in buildings, such as masonry cracks, and attempts to grow through them, damaging building foundations, pavements, and drainage systems. Japanese knotweed should be avoided by both sellers and buyers, as its removal can be difficult and costly for such a timid-looking plant.
A property survey is a crucial tool that provides insight into the condition of a property you’re considering buying. Remember, being proactive in addressing these issues can save you time, money, and potential headaches down the road, ensuring that you make a well-informed financial decision about your future home. If you want to find out more about property surveys or buying a property, talk to a member of our team at Balgores today.