DID YOU KNOW ?

According to the RICS, homebuyers spend an average of £5,750 on property repairs once moved into their new home, and Property sellers can lose approximately £10,000 by selling the property below its market value. Property overpricing carries the risk that the property stays on the market for a much longer time without finding a buyer.

Which type of Survey is right for you?

Meeting Your Needs
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Building Survey

The most popular type of survey we provide for a purchaser is a full Building Survey (previously known as a Structural Survey).

Building Survey

Building Survey Report is a detailed survey suitable for any building older than about 1960, but particularly for listed buildings or more complex, unusual properties that have been substantially altered, extended or have significant outbuildings. This survey includes detailed information on construction, and provides advice on any defects and maintenance issues. Our surveyors can also advise on most structural defects, thus avoiding further specialist investigations. We also include photographs, and advice for any remedial works and a legal section highlighting any specific issues for your solicitor to check.  This extensive report is based on a detailed inspection in as much depth as possible without damaging the building or vendors property or involving any destructive examination. The report provides an expert account of the property’s condition and highlights any problems in a clear and easy to understand ‘traffic light’ rating.

Budget costs for remedial works can be provided on request for an additional charge. This may help with negotiations on the purchase price. This will also help give you an overview of the liabilities involved with the purchase of the property.

Building Survey
Building Survey

Home Buyer Report

HomeBuyer Report is a standard report in a concise format and sets out the significant matters relating to a house or flat in an easy way to follow, by prioritising issues according to their importance in a clear and easy to understand ‘traffic light’ rating. This report is generally suitable for modern or conventional properties, which are apparently in reasonable condition, which have not been substantially altered or for which is it not intended to carry out substantial alteration or extension.

 

A market valuation is included as an option at an additional charge. Freehold properties will also include a reinstatement cost for building insurance purposes.

 

It differs from the Building Survey Report in that the level of reporting and detail is far less with the HomeBuyer Survey and for this reason, it is a relatively cheaper survey type. The purpose of the Homebuyer Service is to provide our clients with sufficient information to make a reasoned and informed judgement on whether or not to proceed with the purchase and at the right price. It will also be clear what decisions and actions should be taken before contracts are exchanged.

Home Buyer Report

Condition Report

Condition Reports are produced for our clients mainly in conjunction with commercial leases and Party Wall Awards. These reports record the state of a property and are appended to the lease at the commencement of a new lease or at the time of “assigning” an existing lease to a new Tenant. These reports are admissible in court and protect interests with regard to potential Dilapidations claims at the termination of a lease. They may also be required as part of a Party Wall Award relating to proposed adjacent construction. We provide professionally documented detailed reports in a table format, known as a Scott Schedule along with photographic evidence. Our Chartered Surveyors and RICS Registered Valuer will be happy to discuss the report in more details based on your specific needs.

Condition Report

Our survey reports will allow you to:

  • Be aware of the most important and/or serious issues that need addressing.
  • Help you negotiate a lower price, or ask the current owner to repair any issues that you require prior to purchase at the originally agreed offer.
  • Help you to budget for any immediate maintenance or renovation on move in.
  • Be aware of any issues found background details on the residential dwelling and it’s location
  • An estimate for the rebuild cost for insurance purposes
  • An assessment of the presence of any damp-proofing, drainage or insulation (drains are not tested)
  • A check of the buildings woodwork condition, looking for any woodworm or rot Testing walls for damp
  • Further information on urgent problems that need a specialist to assess.

 

To have specific guidance on which survey is right for you, please speak to one of our dedicated MRIC Chartered Surveyors today on

01483 222 010 or email us on info@arrusknoble.co.uk.