Quote from RICS Magazine:
“A quarter of all home buyers who fail to have a survey are forced to make unplanned building works to their property after purchase. The average bill for these works, such as damp proofing or repairing a roof, is more than £1,800 but the cost can be much higher. A common misconception is that a mortgage lenders valuation report represents a survey. In fact, it is merely a valuation carried out on the mortgage lender’s behalf and is not designed to highlight any potential problems with the property.”
A building survey is a means of gathering information, then collating it into a concise and readable format that provides relevant information to the user.
Tudors differs from many other surveying practices by producing clear jargon-free reports with advice on repair methods and associated costs.
Building Surveys are used for various reasons and can be categorised under the following headings:
- Pre-acquisition – immediately prior to purchase of freehold or leasehold property
- Post-acquisition – insurance valuation
- Post-acquisition – maintenance advice and a means by which expenditure can be mapped out over a number of years
- Defect analysis – investigation and problem solving; eg dampness, cracking, timber decay etc
- Condition Surveys – evaluating the current condition of a building or structure such as under Party Wall (etc) Act.
A building survey is a tool for making decisions on the next course of action.
Pre-acquisition:
HomeBuyer Report
This report is a standard RICS format and will cover the general condition of the property taking into account its age, character and location; and any defects or other matters requiring attention, together with market valuation.
Condition Report
This also is a RICS format offering buyers and sellers of conventional properties and newer homes a clear picture of the condition of the property.
Building Survey
Recommended particularly for older properties, listed buildings and properties that have been constructed in unusual ways or have had extensive alterations. It will include recommendations for further inspections and advice on costs of repairs, which, if appropriate, may be used by the purchaser to negotiate the purchase price – so, a very worthwhile investment!
Post purchase:
Specific defects survey – This type of survey is used to investigate and analyse specific defects prior to recommending remedial measures. Specific defects include matters such as cracking, ceiling and floor deflection, undulating roofs, distorted structures and dampness.
Tudors specialises in historic and listed buildings and has extensive experience and expertise and always aims to deliver optimum property solutions.
Please call us for a free consultation, Tel. 01737 362233.