Son buying older property. Is a structural survey best?
Discussion
Hi all
Son buying his first property. It’s an old mid terrace house in the north east of England. The couple he is buying it from have not spent anything on it in the four years they have lived there. The house looks tired and at the very least needs decoration throughout.
As this is an older property is it worth him paying for a full survey that in my limited understanding would spot things like damp issues?
This is a new area to me as I have only ever owned modern well looked after houses.
The estate agent has said a structural survey on a house costing 120,000 will cost around £4,000. This seems excessive and I’m wondering if they are trying to avoid him finding any major problems.
I have googled and can’t see clearly what type of survey covers what information.
Any insight and guidance appreciated.
Son buying his first property. It’s an old mid terrace house in the north east of England. The couple he is buying it from have not spent anything on it in the four years they have lived there. The house looks tired and at the very least needs decoration throughout.
As this is an older property is it worth him paying for a full survey that in my limited understanding would spot things like damp issues?
This is a new area to me as I have only ever owned modern well looked after houses.
The estate agent has said a structural survey on a house costing 120,000 will cost around £4,000. This seems excessive and I’m wondering if they are trying to avoid him finding any major problems.
I have googled and can’t see clearly what type of survey covers what information.
Any insight and guidance appreciated.
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