Do I need a snagging list for my new build home?
One of the perks of a new build home is that everything has been newly constructed and is free from the wear and tear of daily life that comes with a pre-owned home. However, you shouldn’t assume that simply because a property is new that it is well built and structurally sound.
That’s where a snagging list comes in.
What is a snagging list?
A snagging list helps to identify any problems with a new build home before you move in.
It is drawn up after a snagging survey, in which the build quality of the property is assessed. A snagging list can reveal anything from paintwork defects and small, unfinished jobs to structural problems and breaches of building regulations.
The snagging list will help you to negotiate with the housing developer, requesting that they either complete any necessary work before completion of the sale, or reduce the asking price accordingly.
When should I get a snagging survey?
The quicker the survey is completed, the more time you have to reach an agreement with the developer, should any snags be identified. The best time for a snagging survey is before you exchange contracts with the developer and move into your new home.
Some developers don’t allow snagging inspections before completion, in which case, you should get the survey done as soon as possible after this, and no later than two years after you move in.
What does a snagging list include?
The report should cover the interior and exterior of the building, as well as any garden, driveway or garage included as part of the property.
The surveyor will assess elements that commonly cause problems or may be overlooked. This might include:
● Problems with internal finishes such as plastering and skirting boards
● Damage to external brickwork
● Cracked or loose roof tiles
● Insufficient insulation in lofts, roofs, walls and floors
● Difficulty opening or closing doors and windows
● Uneven floors or stairs
● Poorly installed appliances
Can I perform the snagging survey myself?
Yes, but this is only advisable if you have a thorough understanding of building and construction. You will also need to gain permission from the property developer to access the site to carry out the survey.
While you don’t need a specific qualification to perform a snagging report, it’s highly recommended that it’s performed by a professional surveyor, to be on the safe side. Not only will this avoid anything being overlooked, it will also improve the credibility of your claim, should you discover any issues.
How much will a snagging report cost?
Prices vary depending on the inspector that you choose and the size of the property.
As a guide, you can expect to pay somewhere between £300 and £600. This is a rather small investment for the peace of mind it offers, especially when compared to the potential cost of rectifying certain issues.
If you choose to perform the survey yourself, it will only cost you the time that you spend on it. However, if you miss anything, this could prove to be costly should you end up facing urgent repairs in the future.
Talk to Mortgage Advice Bureau
If you’re purchasing a new build home and have any questions about what you need to do, simply get in touch with us and we’ll be happy to offer you expert advice on all aspects of new build sales.
Because we play by the book we want to tell you that…
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.
The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.