(Image source: pixabay.com)
For overseas buyers purchasing a house in the beautiful and charming South of France, commissioning a property survey is a vital step in ensuring everything runs smoothly and that you end up with a property that will bring you joy and pleasure – not pain and regret.
Indeed, investing in a French property can be a dream come true – but it’s crucial to make informed decisions so you can avoid potential pitfalls and enjoy a hassle-free buying experience. What’s important is to have as much knowledge as possible about a property before you commit to purchase – as a property’s true value may be quite different from the valuation listed by estate agents or sellers. Often, the only way to reach the truth is by commissioning a completely impartial survey report from a trusted South of France property surveyor.
In this blog post, we’ll delve into how a comprehensive building survey can significantly impact the valuation of a French property and provide overseas buyers with invaluable insights that are worth every penny.
Ensuring an Accurate Property Valuation
Property valuation is a crucial aspect of purchasing real estate. However, a valuation is not included in the Dossier de Diagnostic Technique (DDT), which is a set of very basic building surveys all French properties are subject to by law. Indeed, the DDT only covers things like greenhouse gas emissions, natural risks, gas installations, lead paintwork, and that property complies with health and safety laws.
Read more: The Role of a French Property Surveyor Explained
A comprehensive survey conducted by certified surveyors, on the other hand, provides an unbiased and accurate assessment of the property’s worth based on various factors such as its condition, location, and the current market prices. Armed with this valuation report, buyers can confidently negotiate a fair price, ensuring they get the best value for their investment.
Unveiling Hidden Defects and Costly Repairs
A professional property survey conducted by an expert brings to light any defects that may remain unnoticed during standard property viewings – crucial before any sale and purchase agreement is signed. These defects, ranging from structural issues to problems with damp and mould, can have a substantial impact on the property’s value. By identifying these issues early on, a professional survey report reveals precisely what’s wrong with the property and how much needs to be spent on repairs, so buyers are truly informed as to what they’re getting into – and how the costs of these repairs impact the valuation.
Read more: How to Choose the Right French Property Survey for You
Leveraging Negotiation Power
A detailed building survey report serves as a powerful tool during price negotiations. Any significant issues uncovered during the survey can be used as leverage to negotiate a lower asking price from the seller. In some cases, a survey report can motivate the seller to address the identified problems before moving ahead with the sale – or even make additional improvements to enhance the property’s value. This negotiation power allows buyers to strike a deal that aligns with the property’s actual condition, potential, and true value.
Charles Mackintosh: South of France Property Surveyor
For overseas buyers eager to secure their piece of paradise in the South of France, commissioning a professional property survey is nothing short of essential. A professional survey’s impact on property valuation cannot be overstated, as it reveals all defects, ensures accurate property pricing, and ultimately empowers buyers during negotiations.
The knowledge gained from a survey equips buyers with the confidence they need to make informed decisions and strike a fair deal on any property they wish to purchase. In short, investing in a property survey is the key to unlocking the door to a successful and rewarding real estate investment.
If you’re currently searching for a reliable South of France property surveyor, then look no further.
Charles Mackintosh has been providing property surveys and valuations in the South of France for over 30 years, and regularly coordinates renovation projects for properties in need of updating. Specialising in providing English-language property surveys and advice for English-speaking buyers, Charles offers a personalised service to help you make informed decisions during your property search and stands ready to assist you in your property journey.
Get in touch today for more information.