Ibiza Property For Sale Holiday
Villas Or Apartments
Buy A Villa In Ibiza, Spain : Survey Types
A typical pre-purchase survey includes a
villa or apartment's electrical, plumbing and air conditioning
systems as well as its interior and exterior construction
from roof to foundation. But it does not include the soil
around the house, ponds, septic systems, building code violations
or environmental hazards, which can require a specialized
surveyor and can cost more.
Make certain that the survey contingency
in your purchase contract gives you ample time to conduct
a general survey and perform any specialized surveys that
may be required. Remember, repairs or remedies are negotiable
and can reduce the final price you pay for the villa or apartment.
The most common surveys include:
Standard Pre-Purchase
This covers a villa or apartments
interior and exterior construction and condition and includes
electrical, plumbing and heating systems. It can cost from
£200 to £500 and is usually paid for by the
buyer.
Wood Damage
Is required by many lenders and includes
all interior and exterior wood structures of the villa or
apartment. It costs from £75 to £200 and payment
is negotiable between the buyer and seller.
Lead
All homes built before 1978 must disclose
the presence of any lead. The survey looks for the presence
of lead in paint, plumbing or other areas. It costs about
£400.
Radon
If the seller is aware of elevated radon
levels in the house, they are required to tell the buyer.
The inspection looks for the presence of this naturally
occurring radioactive gas above certain levels. It costs
approximately £150 and is negotiable between the buyer
and seller.
Environmental Hazards
The surveyor looks for the presence of
any substance (such as: asbestos, formaldehyde, petroleum,
toxic chemicals) in building materials, soil, water or air
that is a health risk. The price varies with the exact type
of inspection and is negotiable between the buyer and seller.
Soil
The inspector examines the condition of
soil under and around foundation and retaining walls of
the house looking for problems like excessive moisture.
It costs anywhere from £300 to £2,000 and is
negotiable between the buyer and seller.
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