Whether you’re a first-time buyer, moving up the property ladder or expanding your portfolio, there’s lots to consider when you’re searching for a new home. As well as evaluating locations, budgets and sizes, you’ll need to do your due diligence to ensure that any potential properties are up to scratch.
Most people have a house survey carried out by a professional surveyor before purchasing a home, but this isn’t always enough. While a standard survey can uncover some issues, such as subsidence, it won’t include a detailed assessment of the property’s drainage system.
Fortunately, a dedicated homebuyer’s drain survey can tell you everything you need to know about a property’s drains. With expert analysis, you can determine whether any subsequent work will be needed. As this could have a major impact on whether or not you decide to buy a particular property, it’s well worth having a homebuyer’s drain survey carried out before you make a firm offer.
What is a Homebuyer’s Drain Survey?
A homebuyer’s drain survey is an in-depth assessment of a property’s drains. At FS Drainage, we use advanced CCTV equipment to enable us to view areas that would otherwise remain hidden. Using specialist equipment, we access parts of the system that are most likely to present problems.
Once complete, our homebuyer’s CCTV drain survey gives you critical information regarding the status of the property’s drains. Furthermore, our technicians are on hand to advise you whether repairs are needed urgently or whether they’re likely to be needed in the future.
If the property’s drains do require work, we can also provide detailed information regarding the solutions available to you and the likely costs involved.
A homebuyer’s drain survey is becoming increasingly important prior to purchasing a property. If you’re unsure whether you really need to assess the drainage system before buying a new home, take a look at some of the reasons why a homebuyer’s drain survey really is essential:
1. Negotiating power
When purchasing a property, it’s not uncommon for buyers to make an offer that’s lower than the asking price. In fact, this practice is so typical that most sellers expect to negotiate. If your homebuyer’s drain survey indicates that work is required, you can use this information when negotiating a final sale price.
If the repair work that’s needed is likely to cost around £3,000, for example, you could reduce your offer by this amount to reflect the cost of the work. While there’s no guarantee the seller will accept an offer that’s lower than their asking price, having verifiable information provided by a professional does increase your negotiating power.
2. Reduce your costs
Sadly, homeowners often get a shock when they discover their new home needs a significant amount of work. If you opt for a basic property survey, for example, there are numerous areas which aren’t covered. This means you run the risk of purchasing a new home, only to find out that it needs thousands of pounds worth of repairs.
Of course, most people don’t have access to additional funds straight after buying a property. If the necessary repairs are urgent, however, you may find yourself applying for loans or credit in order to finance the property repairs you were unaware of.
3. Secure your mortgage
Virtually all mortgage companies will insist that buyers have a property survey carried out before they will agree to lend you funds. However, mortgage firms are becoming more cautious, which means the criteria for obtaining a mortgage is getting stricter. As a result, many companies are now requiring buyers to have a CCTV drain survey carried out too.
Similarly, insurance companies are upping their requirements when it comes to building and contents insurance policies. If you haven’t had a homebuyer’s drain survey carried out, you might find it difficult to obtain insurance. Alternatively, you may be forced to pay higher premiums to insure your new home and your belongings.
4. Avoid leaks and flooding
Moving into a new home is stressful enough, without the thought of leaks and flooding. If you don’t have a homebuyer’s drain survey, however, you increase the risk of drainage problems occurring. When you’re unfamiliar with a property’s drainage system, it’s easy for things to go wrong. If pipes are damaged, cracked or structurally impaired, the likelihood of something going wrong increases even more.
Rather than dealing with sudden emergencies, property damage and costly repairs, why not arrange a homebuyer’s drain survey in advance? This will give you an idea of whether anything is likely to go wrong in the near future. If it is, you’ll have the chance to take preventative action.
5. Schedule repairs
If your homebuyer’s drain survey indicates that repairs or drain replacements are required, you may want to have this work carried out before you move into the property. Without a CCTV drain survey, you would be unaware that work needs to be done until something goes wrong. In reality, this is usually once you’ve moved into the property and set up home.
However, a survey gives you a head-start and allows you to schedule the work at a time that suits you. You may choose to have the work completed while the property is empty, for example. This means you can move in once you know the drains are fully operational.
Contact FS Drainage Now
At FS Drainage, we understand that buying or selling a property can be a stressful process. That’s why we’re on hand to undertake homebuyer’s drain surveys as and when you need them. To find out more or to book a CCTV drain survey today, contact FS Drainage now on 0800 689 3497.