ᐅ Paying for the soil survey yourself, even though it’s included in the building contract?
Created on: 19 Aug 2015 15:35
T
TiloDD
Hello,
I have a question regarding soil surveys.
We want to build with a construction company (Town & Country) that includes a soil survey as part of their services. Since we plan to build with a basement, the soil survey is very important to estimate the basement costs and thus the total costs. However, I will only receive the soil survey after I have secured the loan and signed the construction contract with the company. Only then can I benefit from the included soil survey service the builder offers. But by that time, the loan is already finalized, even though I don’t yet know if the house with basement will cost €250,000 or €280,000.
Am I missing something in my understanding, or how does this process usually work?
Would it be better to finance the soil survey from my own savings, even though that reduces my available funds, by paying for the survey upfront? After all, it costs around €700 to €1,000.
Thanks in advance for your answers. I hope my question was clear. 😉
I have a question regarding soil surveys.
We want to build with a construction company (Town & Country) that includes a soil survey as part of their services. Since we plan to build with a basement, the soil survey is very important to estimate the basement costs and thus the total costs. However, I will only receive the soil survey after I have secured the loan and signed the construction contract with the company. Only then can I benefit from the included soil survey service the builder offers. But by that time, the loan is already finalized, even though I don’t yet know if the house with basement will cost €250,000 or €280,000.
Am I missing something in my understanding, or how does this process usually work?
Would it be better to finance the soil survey from my own savings, even though that reduces my available funds, by paying for the survey upfront? After all, it costs around €700 to €1,000.
Thanks in advance for your answers. I hope my question was clear. 😉
Hello,
we faced the same "problem" and then decided to go with an independent soil investigation report. We basically didn’t want any connection between the home builder and the surveyor, especially since the report could potentially involve significant costs, so independence was important to us... Maybe a bit too cautious, but oh well. However, we hadn’t made a final decision yet but wanted the plot, and in my opinion, you really shouldn’t buy land without a soil investigation report.
Regards
we faced the same "problem" and then decided to go with an independent soil investigation report. We basically didn’t want any connection between the home builder and the surveyor, especially since the report could potentially involve significant costs, so independence was important to us... Maybe a bit too cautious, but oh well. However, we hadn’t made a final decision yet but wanted the plot, and in my opinion, you really shouldn’t buy land without a soil investigation report.
Regards