When it comes to new builds and snagging inspections in the outskirts of London, property pricing levels are, in general, substantially cheaper than in central London. So here's a question you might ask - if I purchase a two bedroom apartment in Kings Cross (London St Pancreas), priced at 1.3 million will it have less snags than a 2 bedroom apartment in Hackney priced at £500,000?
There are a lot of variables that do need to be taken into consideration when understanding what may affect the final finish of your property; who is the developer, what snagging processes do they follow, is the development behind schedule and do they subcontract the work out and if so which subcontractors do they use. What warranty comes with the property; are the contractors and subcontractors following and adhering to NHBC guidelines?
That all been, with regards to new builds in the greater London area, our snagging inspections have never picked up less than 40 snags in a new property therefore it is important that it is agreed, from the offset, that if there are any snagging defects or issues that they will be rectified.
A recent apartment that we inspected on the Grays Inn Road, London Kings Cross, had 97 snagging defects compared to a two bedroom apartment in the Fish Island Village area of Hackney that had 67 snags.
Rounding up; in our experience, whether you're purchasing a luxury new build apartment in the centre of London or a studio flat in the outskirts, the property will have numerous snags to address therefore a professional property snagging inspection (before completion) is a crucial element in improving the standard and finish of your property investment no matter how much that you have paid for the property.
Colm - Property Snagging