Why have a property survey?
Buying a property is expensive, many homeowners (upto 75%) do not commission a physical survey of the property prior to purchase.
– To assess the value of a property
– Report on the condition of a proposed purchase property
– Report on defects in a property and associated cost to remedy
– Peace of mind when purchasing
Think of surveys as a kind of health check for your prospective home. If you intend to buy, have a survey done and carefully consider its results before entering into a contract. It could save you money.
Types of Surveys
PROPERTY CONDITION SURVEY (LEVEL 1)
The survey is our entry level survey and provides a brief overview of the property and construction, highlighting any significant defects with a traffic light system.
HOME BUYER SURVEY (LEVEL 2)
A HomeBuyer Survey is a service carried out to a standard format, defined by RICS (Royal Institution of Chartered Surveyors). It is primarily designed for conventional properties built within the last 100 years that are in reasonable condition.
BUILDING CONDITION SURVEY (LEVEL 3)
Commonly referred to as a Structural Survey or Level 3 RICS Survey, it is a thorough examination of a property. It is the most exhaustive of the surveys available for residential properties, offering a comprehensive evaluation of the property’s condition.
Valuations
Simply put, a RICS valuation provides an accurate assessment of the value of a property based on a range of factors including what a buyer is willing to pay and what a seller is willing to accept independently in an ‘arm’s length transaction’.
What does a Valuation involve?
When undertaking a valuation, the RICS valuer will consider a range of factors in arriving at the figure including (but not limited to):
– Location, style, layout and adjacent activities of the property.
– The general overall structural condition and any significant defects.
– Type of construction.
– Alterations and extensions to the structure.
– Adherence with lenders criteria (this varies slightly from lender to lender).
– Recent comparable sales in the area indicating market activity.
Valuation Services
Our team are VRS (Valuer Registered) and have significant experience in providing detailed Red Book valuations for all purposes.
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Types of Valuations
1. Desktop Valuation
2. Help to Buy
3. Probate Valuation
4. Matrimonial Valuation
5. Capital Gains Tax Valuation
If you require a bespoke Valuation please contact us for a discussion to see how we can assist you.
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