Fewer than half (45%) of UK homeowners have instructed an independent surveyor during property purchases – potentially missing out on significant savings, new research has revealed.
The survey, conducted by home-moving comparison site Compare My Move, shows that among those who have hired an independent surveyor, 35% were able to negotiate a reduction in the property’s purchase price, saving an average of £6,390.22.
The study, which surveyed 2,000 homeowners across the UK, also highlights the most commonly reported issues identified by independent surveyors.
Topping the list were roof problems (32%) and electrical issues (32%), followed by damp concerns (22%).
Among those who instructed a surveyor, 72% would recommend their surveyor, 47% were happy with the time it took to organise the survey and 26% felt their surveyor was reasonably priced.
Dave Sayce, Co-Founder of Compare My Move, said:
“The results of our latest survey are a reminder of the real value a quality home survey can provide. Not only can it help you avoid nasty surprises, but it can also give you strong negotiating power before you complete.
“It’s clear that many homeowners still aren’t taking full advantage of this step in the buying process, and we hope these insights encourage more people to invest wisely in their future home.”
