Why you should have a Survey & which Survey should you choose?
Buying a home is a significant investment.
The best way to reach an informed decision about the prospective property is to have a professional private survey on the property.
Before you decide to fully commit yourself legally, you can minimise the risks by employing a Chartered Surveyor to :
- Confirm the property is a reasonable price.
- Identify any drawbacks you may not be aware of and how to deal with them.
Essentially, there are three main types of home survey for prospective buyers to select from :
- Building Survey
- RICS HomeBuyer Report & Valuation
- Property Valuation
Building Survey – This is the most detailed type of survey available. It is a bespoke and in-depth survey of a property which includes reporting on all accessible areas.
The Royal Institution of Chartered Surveyors recommend a Building Survey for older properties, those of non standard construction, are dilapidated or where the purchaser has any major concerns.
A Building Survey is a detailed bespoke document tailored by the individual surveyor for the client and can address any additional questions or concerns.
Note that a Building Survey does not include a valuation as standard.
RICS HomeBuyer Report – This is provided within a standard format provided by the Royal Institution of Chartered Surveyors. It is specifically designed to be a more economical survey for the purchaser to obtain.
The report is appropriate for properties of traditional construction that appear to be in reasonable condition. Generally, these Home Buyer Reports are carried out on properties built after 1920 but can also be suitable for some older properties where no major issues have been noted.
The report will identify any visible defects or issues that may have an effect on the value of the property.
The report is delivered electronically in a standardised format.
The HomeBuyers Report includes a property valuation and building insurance valuation.
Property Valuation Service
Our surveyors are Registered Valuers with Royal Institution of Chartered Surveyors.
We are able to offer valuations on residential property which often include the following:
- Valuation for joint ownership
- Valuation for a Help to Buy Scheme
- Valuation for Probate
- Valuation for matrimonial purposes.
The Valuation Report does not include a full survey of the structure.