Why is a survey important?
For most people, buying their home is their largest single investment and most important purchase. Thus, it is vital to know of any pitfalls or problems likely to arise which could be expensive to remedy. Often purchasers get a copy of an inspection report carried out for the mortgage company: it is important to remember this is just a valuation for the loan, it is not a survey!
If the inspection carried out for the mortgage lender is only a valuation, what sort of survey do I need?
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In general terms, however, an RICS Building Survey is generally recommended for old, larger houses. The RICS HomeBuyer report is appropriate for most family homes and an RICS Condition Report is a brief overview on condition only and as it does not contain a valuation, it can be commissioned by sellers as well as vendors.
RICS HomeBuyer Report
This is the most popular type of report because it is a concise economy service for modern and Victorian property.
It includes comment on all visible sections of the property including condition ratings to elements of the building using a traffic light system to flag if :
Advice is given in respect of the value of the property and the reinstatement cost for insurance purposes is also included.
To order an RICS HomeBuyer report online, enter the postcode of the target property below to take you to the relevant principal surveyor’s office where you will find the Conditions of Engagement and price for the report.
We can offer all three services to suit your needs and requirements. For further information please do not hesitate to get in touch with us.
or telephone Fay Collins on 0333 666 7777