A survey of the condition of your future home will warn you of any defects and help you avoid escalating repair and maintenance costs in the future.
The following quote is from Which? Magazine (The Point of Viewing 2008)
“Where an independent condition survey had been commissioned and a problem uncovered 44% of respondents negotiated a reduction in price for the property they purchased, and a further 10% ensured that the problem was rectified before they completed the purchase.
Respondents who did not identify problems before purchasing a property spent an average of £2,500 rectifying them, with one house buyer spending £10,000.”
As an RICS qualified chartered surveyor I can provide the three levels of survey that are outlined below. For more detail open the link at the bottom of the page to download a pdf document that you can print off for future reference.
Formerly called a structural survey, you could choose the building survey if you’re dealing with a large, older or run-down property, a building that is unusual or altered, or if you’re planning major works. It is a bespoke report designed to meet your needs and address any issues you may have including any planned alterations.
It costs more than the other RICS reports because it gives detailed information about the structure and fabric of the property. It includes:
• a thorough inspection and detailed report on a wider range of issues;
• a description of visible defects and potential problems caused by hidden flaws;
• an outline of repair options and the likely consequences of inactivity; and
• advice for your legal advisers and details of serious risks and dangerous conditions.
Every report includes photographs illustrating any defects or relevant features of the property, a glossary of technical terms and a maintenance guide. A building survey does not include a valuation, but your surveyor may be able to provide this as a separate extra service. The rebuilding cost for insurance purposes can also be provided. Tests of the services by qualified contractors can be arranged at extra cost.
Choose this report if you are buying or selling a conventional house, flat or bungalow, built from common building materials and in reasonable condition. It provides more information than the Condition Report and includes:
- a similar inspection to the building survey but reported in a concise style;
- the surveyor’s professional opinion on the ‘Market Value’ of the property;
- an insurance reinstatement figure for the property;
- a list of problems that the surveyor considers may affect the value of the property;
- advice on repairs and ongoing maintenance;
- issues that need to be investigated to prevent serious damage or dangerous conditions;
- legal issues that need to be addressed before completing your conveyancing; and
- information on location, local environment and the recorded energy efficiency (where available).
Choose this report if you’re buying or selling a conventional house, flat or bungalow built from common building materials and in reasonable condition. It focuses purely on the condition of the property by setting out the following:
- clear ‘traffic light’ ratings of the condition of different parts of the building, services, garage and outbuildings, showing
- problems that require varying degrees of attention;
- a summary of the risks to the condition of the building; and
- other matters including guarantees, planning and building control issues for your legal advisers.
An RICS Condition Report does not include a valuation, but your surveyor may provide this as a separate extra service. Click here to ask for a detailed ‘Description of the RICS Condition Report Service’.
Letting your property
Nip any problems in the bud. A one-off or annual check of your property by a qualified surveyor will ensure that any maintenance issues are dealt with promptly before major repairs become necessary.
I am happy to provide advice on individual defects, accompany purchasers during the survey and follow through after the survey to project manage repair work/refurbishment or simply advise on appropriate local contractors
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