Do I need a property valuation or property survey before buying a home?

Property valuations and surveys are two distinct but essential steps when buying a home. Choosing the right one at the right time can save you money, stress, and unexpected surprises. Whether you are a first-time buyer in Redhill, a family moving to Epsom, or an Estate Agent working across Surrey and Greater London, here’s our explanation of what each involves and when to call in a professional.

Property valuation: what it tells you?

A property valuation provides an independent opinion of a home’s market value. Lenders use mortgage valuations to decide how much they will lend, while a full valuation from a surveyor gives you a clearer picture of worth for pricing, probate, tax, or negotiation. A good valuation considers factors such as location, transport links, recent local sales, property condition, and wider market trends. This is essential information if you are making an offer or advising a client.

Find out more about our accurate property valuations here.

Property surveys: which type do you need?

Property surveys assess a building’s condition and highlight defects or potential problems. There are three main types:

• Condition Report – A basic overview of urgent issues; quick and cost-effective.

• Homebuyer Report (Level 2) – Suitable for modern homes in reasonable condition. Highlights significant defects and guides necessary repairs.

• Building Survey (Level 3) – Comprehensive inspection for older, unusual or heavily altered properties. Ideal for period cottages or listed buildings, providing detailed structural analysis.

  
  

A survey is recommended when you need to understand structural risks, damp, roof concerns, services such as electrics or plumbing, or when considering a property with character that could hide costly repairs.

When to choose a valuation or survey?

If you need a lender’s figure or guidance before making an offer, commission a property valuation first. If your goal is to uncover hidden repair costs or assess long-term maintenance needs, a property survey is more appropriate. In many cases, both are sensible: a valuation sets price expectations, and a survey protects your investment after an offer is made.

Practical considerations for buyers and agents:

When considering whether or not to book a property valuation or survey, it’s important to consider:

1. When deciding between a valuation and a survey, consider the property type. Older homes often require a Building Survey, while modern properties may only need a Homebuyer Report.

   
   

2. It’s also important to budget for the survey before making an offer, as findings can strengthen negotiation.

   
   

3. Always ensure your report is carried out by a RICS-qualified surveyor so it is impartial and widely recognised.

   
   

4. Working with local experts who understand Surrey and Greater London markets adds value, as they are familiar with area- specific property issues and common challenges.

How can our Bramptons and Son surveyors help?

At Bramptons and Son Surveyors we provide clear, jargon-free property valuations and tailored property surveys, including Condition Reports, Homebuyer Reports and Building Surveys. Our reports are written for buyers, estate agents and families, giving you confidence to make informed decisions and negotiate from a position of strength.

You can find out more about our full range of surveys and valuation services by contacting our team today.