FREQUENTLY ASKED QUESTIONS

 

housequestion0002-1

How much does a house survey cost ?

 

 

 

Hi Right Survey,  the estate agent says that getting a survey costs “well over £500”. Is that right? How much would I have to pay for proper survey?

Asked by:  Michelle

             

k12175420     ANSWER

 

Hi Michelle,

Thank you for your question.

Most of us use price comparison sites before spending money on things like insurance. But it’s just as important to get value-for-money when it comes to arranging a survey. Don’t let your bank fob you off with a pricey survey from a corporate firm.

As a rough guide you’d typically expect to pay at least £350 to £400 for a Homebuyer Survey, although basic Home Condition Reports can be a cheaper option. The good news is prices tend to be lower via Rightsurvey because our members are local chartered surveyors, some of whom turnover below the annual VAT threshold so quite legitimately can charge 20% less. They also don’t have expensive corporate overheads.

It only takes a minute on Rightsurvey to view a full range of prices before you go ahead – which makes a lot more sense than just getting one quote and hoping it’s OK.  This way you can see how much it will cost before deciding how best to proceed – all in your own time.

Generally, the cost of your survey will depend on a number of factors:-

– The type of survey:  e.g.  a RICS Homebuyer report costs less than a more expensive Building Survey.

– Price of the property.

– Size:   Smaller homes usually take less time (although not always) and hence surveys usually cost less.

– Age of the property:   surveys on older properties generally take longer and are more complex.

– Location:  Property prices tend to be higher in posher postcode areas, and of course survey fees are geared to the amount someone is paying for their house or flat.

 

 

 

Save money by cutting out the banks

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By arranging your home survey directly online - rather than via a mortgage lender - you can save the large chunk of the survey fee that the banks normally keep. They may still want to instruct a valuer to carry out their mortgage valuation, but don’t let them try to sell you an expensive Homebuyer or Building Survey from one of the large, target-driven, corporate firms on their 'panel'.

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