Residential Property

letting agents in Yeovil

Surveys: The Home Buying TimeBomb!

Quality Property Agents Yeovil

According to a recent RICS survey of home buying consumers, many homeowners who did not take out a home survey are left with a property they regret buying and face an average of £5,750 in repair bills. The survey of over 1,000 across the UK found that consumers are clearly aware of the need for independent advice with 94% agreeing that it is important to commission a survey. However, nearly a third fail to do so! This means buyers are left exposed to issues with the property such as structural defects, subsidence and dry and wet rot which can become serious. By this stage the new homeowner may not be able to afford to fix the fault or may not want to. There is, however, often nothing seriously wrong with the property so why should you commission a survey? Seventy three per cent of people in the survey said it provided them with peace of mind and more than 50% felt that it was value for money. When you consider that buying a home is one of the biggest decisions most people will ever make and yet buyers are doing this blind suggests that there is a risk of a potential home buying time bomb, causing extreme stress and financial strain on homeowners. Clients should speak to a surveyor at an early date and arrange for a thorough inspection.

Read more...
 

yoursomersettown.co.uk serves Yeovil, Frome, Street, Taunton, Wells and Exmoor

Head Office: 163 Seabourne Road, Bournemouth. BH5 2HH
Contact details Yeovil office: 07900 99648607900 996486 e-mail: deborah@yoursomersettown.co.uk