When acquiring a pre-existing home, a survey – an extensive and often costly assessment of its condition – is crucial to the mortgage process. On average, the expenses for various surveys typically range from £400 to £1,500. However, when opting for a newly constructed house, there may be a choice to forego commissioning a survey altogether, as the property will be in much better condition.
Instead, you may simply choose a less expensive snagging survey.
A snagging survey is a thorough inspection conducted on a new-build property to identify and document any defects, issues, or unfinished work, often referred to as “snags.”
These snags could range from cosmetic imperfections to more significant construction or installation problems. The survey is typically carried out by a professional snagging inspector or a surveyor before the buyer moves into the property. The findings are then compiled into a snagging report, which is submitted to the developer for rectification. This process ensures that the new homeowner receives a property in optimal condition and helps address any outstanding concerns in the construction or finishing of the home.
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