A survey
can be carried out of land and buildings to suit your requirements
whether it be for:
· new or
second-hand properties,
· new build projects,
· the refurbishment/alteration of existing buildings.
Building
surveys are applicable for both purchase and lease, building design
and contract administration, party walls, dilapidations, and diagnosing
building defects such as subsidence, damp and rot etc. A survey may
also involve the management, monitoring and assessment of the environment
in the context of land, property and construction.
Think
of surveys as a kind of health check for your prospective
home or investment. If you intend to buy, have a survey done and carefully
consider its results before entering into a contract. It could save
you money. Depending on the seriousness of any structural problems you
could try to re-negotiate the sale price to reflect the cost of any
necessary repairs in your offer, or decide not to buy the property at
all.
Surveys
for the residential sector are usually categorized as follows:
Valuation:
residential property purchase surveys
Building: residential building surveys
Insurance: reinstatement costs for insurance purposes
Valuation
Survey (a valuation is not a survey)
A valuation is carried out for a purchaser and it will simply provide
a current market view of the value of the property taking into account
factors such as location, condition and type of property. Also, a valuation
can be carried out on behalf of your mortgage lender to spot anything
that affects the security of your mortgage lender’s loan. A valuation
will show whether the property is worth the amount that is being paid
for it.
Building
Survey
A building survey is a comprehensive inspection suitable for all properties
but especially for:
· Older properties
· Any building constructed in an unusual way regardless of its
age
· Properties you are planning to renovate or alter in any way
· Properties that already have alterations
A
building survey is a detailed examination of all accessible parts of
a property and can be tailor-made to suit your individual needs and
concerns. A building survey includes details of:
· Major and minor faults
· The implications of any possible faults and the possible cost
of repairs
· Results of any testing of walls for dampness
· Comments on damage to timbers including woodworm or rot
· Comments on the existence and condition of damp-proofing, insulation
and drainage
· Extensive technical information on the construction of the
property and details about material used
· Information on the location
· Recommendations for any further special inspections
Remember:
A building survey does not include a valuation. Although your surveyor
can provide a separate valuation report if you need it.
For
further information or to discuss the type of survey that would best
suit your needs please do not hesitate to contact Blakemore Walker on
(0034) 985 899077
