Buying a new build home should give you the peace of mind that there are no types of issues within the property. Given the fact the property is brand-new and recently built, most would assume that means there shouldn’t be any problems, yet this isn’t always true.
Some new build properties have problems, whether minor or something more significant, which is why it’s important to check everything to ensure you’re aware of any possible issues arising before you invest a huge sum of money.
When you find issues with a new build property within the first two years of residence, fixing anything you find is the responsibility of the property developer. Therefore, it’s very worthwhile to get a new build snagging report to make sure you find any issues.
What is a New Build Snagging Report?
A new build snagging report is a type of inspection survey that looks for problems or ‘snags’ in a new build property. It involves going through the entire property and checking for any type of issues, small or large, to see if any repairs are required now or in the near future.
Should any problems be identified, then the information is forwarded to the developer, who then takes the necessary steps to fix them. A new build snagging report is highly recommended for anyone that’s buying a new-build property, as if you find anything in your first two years living there then the developer pays for all repair fees.
How a New Build Snagging Report Differs from a Home Survey
A new build snagging report is a type of home survey, although it’s an optional inspection that takes a different approach to a traditional home survey.
For example, a new build snagging report checks for every type of problem in a property. This includes small things chips on plater and paintwork to bigger problems such as leaky pipes, working electrical sockets, joinery issues, and signs of poor workmanship.
Also, snagging reports are available post-sale, meaning you can arrange for one in a new build even if it’s been previously sold.
Why You Should Always Get a New Build Snagging Report
If you ever purchase a new build home then a new build snagging report is very much recommended.
It’s easy to assume a developer has inspected the quality of the house prior to sale but this is far from guaranteed, so a snagging report gives you the peace of mind that there are not going to be any problems when you move into the property.
Furthermore, any of these problems that you do find will need to be fixed by the property developer providing they’re identified within the first two years of residency. This could end up saving you a significant amount of money down the line, saving you having to pay for major or minor repairs only a few years after moving in.
Yes, you do need to pay for a snagging report but given the cost of buying a new property, this is certainly a worthwhile expense to ensure everything is above board.