When preparing to sell a home, homeowners usually focus on aesthetics – a fresh coat of paint, some landscaping, maybe a quick renovation. What often goes unnoticed though, is the strategic advantage that comes when you hire a licensed and chartered surveyor before listing the property. This article will explore four must-know reasons why enlisting a professional surveyor is crucial for a smooth and successful house sale.
Proactively Finding Problems (Before They Become Your Problem!)
One of the most significant benefits of having a surveyor inspect your property is the ability to identify problems before they become deal-breakers.
A surveyor conducts a thorough examination of the property, assessing everything from the foundation to the roof. This examination often uncovers issues that might not be visible to the untrained eye but could significantly impact negotiations later on.
For example, structural weaknesses or issues with the property’s boundaries can lead to complicated disputes or legal issues, potentially derailing the sale. By identifying these issues early, you can address them proactively, thus avoiding last-minute hitches that could affect the property’s value or scare off potential buyers.
It Is All About Enhancing Buyer Confidence
A detailed survey report does more than just uncover problems, it also serves as a powerful tool for enhancing buyer confidence.
When potential buyers see that a professional survey has been conducted, they gain assurance about the quality and condition of the property. This transparency can make your property more appealing compared to others in the market that might not have undergone such thorough scrutiny.
There are different types of surveys, such as the homebuyer’s report or a full building survey. Each type provides potential buyers with detailed insights into the property’s condition, reducing the perceived risk and making the buying decision easier and quicker.
Odds are the buyer will get their own survey done anyway, so at least you’ll be aware of any issues before they bring them to you and can say that you’ve factored this into the asking price from day 1.
Regulatory Compliance & Advice
Surveyors do not just assess the physical condition of a property, they also ensure that the property complies with local regulations and building codes. This is crucial in avoiding legal complications that could arise from non-compliance with local laws, such as unauthorised extensions or modifications.
A professional surveyor can provide invaluable advice on regulatory compliance, helping you understand any legal implications and advising on any required changes or documentation needed before the sale can proceed. This legal safeguard not only protects you, but also assures the buyer about the legality and integrity of the property.
Accurate Valuation & Pricing Strategy
Determining the right price for your property is more art than science, requiring a deep understanding of the market and the inherent value of the property.Surveyors bring a level of objectivity and expertise to this task, providing a professional valuation that forms the basis for a competitive yet fair market price.
An accurate valuation is crucial for setting a price that attracts buyers while ensuring you get the maximum return on your investment. A price too high risks alienating potential buyers, whereas a price too low could mean leaving money on the table. A surveyor’s valuation helps you find that pricing sweet spot.
Spotlight on Chartered Surveyors
While hiring any surveyor can be beneficial, selecting a chartered surveyor, who is a member of the Royal Institution of Chartered Surveyors (RICS), adds an additional layer of credibility and security.
Chartered surveyors are bound by a strict code of ethics, are required to maintain their professional competence through continual development, and are typically insured, which provides further protection for you and the buyer.
To find a reputable chartered surveyor, start by checking the RICS online database or asking for recommendations from local real estate professionals. Ensure that the surveyor you choose has good reviews and a robust track record in your specific type of property.
Conclusion
Hiring a surveyor before you sell your house is a strategic decision that can enhance the property’s appeal, ensure compliance with legal standards, and help you achieve an optimal sale price. Consider this step not as an additional cost but as an essential investment in your financial and legal security during the home-selling process.
By taking this proactive step to hire a surveyor, you’re not just preparing to sell a house, you’re also ensuring that the process is as profitable and smooth as possible.
Start by researching your options today and take the next step towards a successful sale.