Money for old rope or a vital investment?

Considering the majority of us spend rather longer than that deciding who to marry – and frequently get that wrong – it makes sense to check out a potential new home before making a commitment to avoid any costly remedial work further down the line.

That’s the advice of Coventry and Warwickshire estate agent Brian Holt who explains that while a survey is an extra cost in an already expensive transaction – not paying for one could prove to be potentially far more pricey. Brian says if buying a new build which is covered by an NHBC certificate then just a mortgage valuation survey will suffice.

This is required by the lender to protect its own investment and to advise if the property is reasonably priced. It doesn’t tell the buyer anything about the condition of the property.

For the majority of people a homebuyer’s report is the best option, falling between valuation and the full monty described below.

This can also include the valuation report to avoid paying for these separately – as long as the mortgage provider is happy with your choice of surveyor.

This is an ideal choice when buying a property built since 1900 and is based on a detailed visual examination of the property.

It looks at the general condition of the homes, such as roofs, walls and joinery and provides a valuation and a rebuilding cost for insurance.

Anyone buying a house built before 1900 or a property which needs a considerable amount of structural work or conversion is advised to book the most comprehensive option - a full structural survey, which involves a detailed examination of all accessible parts of the property.

Inspections can take anything from three hours to a day to complete, depending on the size of the home.

As long as they are accessible, the surveyor will examine the roof space, under floor voids and cellars. Walls are tested for dampness and all accessible floors are examined for evidence of rot and beetle infestation.

He or she will also be looking for evidence of structural movement, including subsidence and settlement.

The report contains a summary and a list of any faults discovered, photos of key points and an approximate cost of remedial work.

Pictured: Brian Holt says although it is an extra expense, having a structural survey is a vital piece of the moving jigsaw.