For most people, buying a property will be the single biggest
investment that they will make. With such large sums of money at stake it is
recommended that you if you are thinking about buying a property, you know
exactly what you are buying and a Building Survey will give you exactly this.
A survey can actually save you money by highlighting problems
that you may not have seen when you viewed the property and with this
information you can assess the costs that may be incurred in undertaking any
remedial work. This is all done prior to purchase and means that you may be
able to renegotiate the cost of the property to reflect the remedial costs or
indeed the problems may be serious enough that you avoid the purchase altogether.
As a firm of Chartered Surveyors with the RICS, we are able to
offer pre-purchase surveys that are split into three levels:
A level 1 survey is called an RICS Condition Report which shows
the condition of the property, offers guidance to legal advisors and highlights
any urgent defects. Typically, the lowest priced of the surveys, it is aimed at
conventional properties and newer homes.
A level 2 survey is called a HomeBuyer Report. This is the most
common form of report and includes all the features of the RICS Condition
Report but also includes advice on defects that may affect the property with
repairs, and ongoing maintenance advice. It is a well-rounded report that is
suitable to many common property types.
A level 3 survey is called a Building Survey, often referred to
as a Structural Survey however this is not strictly correct. The RICS state
that a Building Survey is essential for larger or older properties, or if
you’re planning major works. This most comprehensive report provides you with
an in-depth analysis of the property's condition and includes advice on
defects, repairs and maintenance options.
Further information on home surveys can be found on the RICS
website (opens in new window).
Feel free to call us for advice on which survey is best for you,
we offer competitive rates and a quick turnaround of reports.
Telephone: 020 8502 6323