That's a wrap on Project HA!

A lot of hard work from the contractors and the office team meant this one is ready on time, check out the figures on this one:

Purchase: £131,000
Refurb: £57,000
GDV: £200,000
ROI: 18%

The importance of booking in surveys before purchasing a property cannot be overlooked, and with this one in particular it's a good thing we did our due diligence, as we have managed to avoid any concerning surprises popping up, and were also able to create a much more accurate deal sheet for the property thanks to the additional information. Some of the main reasons you would want to look at booking these surveys in are:

Identify Potential Issues:
A Home Buyers Survey is designed to uncover hidden defects or structural problems that could be costly to fix. According to a report by the Royal Institution of Chartered Surveyors (RICS), 20% of buyers who didn’t get a survey faced unexpected repair costs averaging £5,750 after purchase. By identifying issues early, you can plan appropriately and avoid unwelcome surprises.

Negotiate with Confidence:
The survey provides a detailed report on the property's condition, offering leverage to renegotiate the purchase price or request repairs. Studies show that 1 in 4 buyers who get a survey are able to negotiate a reduction in the purchase price, with savings averaging £2,000–£5,000, depending on the severity of the issues uncovered.

Ensure Long-Term Investment Value:
A survey helps you understand the property's current condition and potential future risks, such as damp, subsidence, or outdated wiring. With 15% of UK homes reported to have structural issues, the insights from a survey can guide your decision-making and ensure your investment retains its value and remains a safe, secure place to live.


Can you think of any more reasons why it is beneficial to book these in? Let us know in the comments!

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