New survey reveals that the majority of Tudor and Georgian properties are still in 'excellent' condition
New research conducted by chartered surveyor e.surv, one of the UK’s largest providers of property risk and residential surveying services, challenges common misconceptions amongst buyers when considering a listed property versus a new build. Data insights suggest that every property style is liable to a full range of defects such as damp and poor quality alterations, many of which can go undetected without a comprehensive survey report.
According to e.surv’s data, whilst many homebuyers perceive period properties as a costly move, nearly half (46%) of Tudor homes surveyed continue to be classed as either in ‘excellent’ or ‘good’ condition. Home builders from the Georgian period would also be proud of their handiwork, with 43% of Georgian homes retaining their ‘excellent’ or ‘good’ condition. The same goes for properties from the Victorian and Edwardian eras with 32% of properties from each period being classed as either ‘excellent’ or ‘good’ condition.
The data also revealed that the much loved 1930s semi and the post-war 50s builds are not as likely to stand the test of time. 61% of homes built in the 1930s and 65% of those from the 50s are now classed as only ‘average’ condition and will require some attention to remediate defects. Many properties from this period, including those built in the 1970s, were constructed using unusual or ‘non-standard’ materials, due to what was available at the time.
With all this in mind, homebuyers, particularly first time buyers, are often under the impression that new builds are the safest option when it comes to building quality. However e.surv’s research has found that 28% of properties built since 2000 are not rated as ‘good’ or ‘excellent’. One of the most common observations made in surveys of modern property related to the life expectancy of features such as windows and door frames.
Of course, as with any purchase, there are clear pros and cons to buying a new build or period property. Whichever property style a buyer falls in love with, they should be aware of the benefits of a full RICS accredited residential survey to understand the potential risks and extra costs the property may incur. It is the only way to ensure that a new home, whatever the age, will stand the test of time.
David Harbour, e.surv Chief Surveyor commented: “When it comes to property, age really is just a number. This research will come as a surprise to those who have preconceived ideas about which houses may be most in need of some TLC. Increasingly we are seeing buyers rush to purchase new builds simply because they fear the perceived maintenance costs of more historic structures. However, our data shows that just as newer homes aren’t always as safe as houses, period homes aren’t necessarily on the brink of collapse.
“Buyers simply cannot second-guess the condition of a property from its appearance alone. Surveys are often discredited by buyers as an added or even unnecessary expense, or believe their mortgage valuation is a sufficient assurance of quality. But this is not the case, A full residential survey should be viewed as an essential part of the homebuying process, designed to prevent homeowners from purchasing a potential structural nightmare.”