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Steve Holmes (FRICS)  recently spoke to Patrick Gardner about the long term financial benefits of building surveys, particularly when considering alterations and extensions to your new home.

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According to RICS research around 1 in 5 home-buyers rely on just a basic mortgage valuation and get caught out with expensive repair bills once they move in, something we highlighted in this recent post

Steve uses his first home as a prime example of some, if not most of the the pitfalls that can catch out unprepared home buyers. He goes on to explain how having sound knowledge of a properties condition and what sort of budget is required to rectify any issues, is a great negotiation tool when it comes to agreeing the final purchase price.

The golden rule is don’t save a £1,000 on a survey when potential repair bills can run into £10,000+