What does Structural Survey mean?

A Structural Survey might become your number one weapon you present yourself with in the front of the seller, with the hope of obtaining a discount. Structural surveys are carried out on the property you want to buy, so that you find out if there is anything wrong with the building from a structural point of view, which might later require that you make investments in order to fix it. That is why, in case a report shows you such ‘mistakes’ then you rightfully can ask for a discount from the seller.

A structural survey may well deserve your money, as you might not observe the problems a professional eye spots very quickly. Especially if the house you are buying is old, it is more than advisable to ask a structural survey to be carried out. Make your own calculations, and if on the structural report says that you’d need to invest around £5,000 in repairs, and the price the seller asks for the house is £150,000, while the real market value of it is £145,000 at most, that would mean the purchase of this respective property costs you actually £155,000, which is definitely not an advantageous transaction for you.