Being risk-averse is one of the most important qualities of a good manager; whether at the office or home level. This is a popular opinion and is recurrent in most of the social sciences textbooks in schools.
Unfortunately, I still get to see people (mostly well educated) who go as far as saving for a long time to buy a house, go ahead to pay, then go on to refurbish. Hey, you are cheating yourself. The cause as I see – and I have been rightly justified, is that people are generally not thorough, not aware of the long term consequence of that singular act, or just damned uninterested (at the moment of purchase).
Here in the UK, it cost just as little as £200 or thereabout to get a professional opinion from a Surveyor who would go round every single detail before giving you a go. I find it difficult to understand why people in this part of the world get naive on issues like this.
Without a proper survey before buying, you might end up spending hundreds or thousands of pounds to fix damaged roofs, weak timber, condensation, dampness and inadequate ventilation, among many other defects.
A recent study released by e.surv show that 4 out of 5 homebuyers don’t have a survey carried out before they buy a house. In my day-to-day activities, I have come across many home agents and brokers that don’t help matters either; many just neglect that aspect and, technically, “lead the buyer to the hangman’s noose.”
Several awareness and educative programs like ‘Sold Subject to Survey’ campaign being carried out by e.surv gives me hope that a day would still come when UK home buyers would buy only after a thorough survey from a professional.