Types of Home Survey
What are the main types of home survey?
Buying a property is a big decision and a massive financial commitment to make. It’s one that you want to make with your eyes wide open, having all the information you need to make an informed choice on whether the property you wish to buy is right for you.
To help you make that decision, a home survey is vital. Getting the property checked out by an independent, qualified expert will help ensure you know the property’s true value and are aware of any potential issues or problems before you take the plunge.
It means that you can negotiate on price if you need to, insist that any repairs or maintenance issues are fixed before you buy, or walk away from the deal entirely if there are significant defects or structural problems. The Royal Institute of Chartered Surveyors (RICS) has revealed that many buyers unknowingly set themselves up for an average repair bills to the tune of £5,750 on their new home, simply because of unknown hidden problems.
Common issues such as structural defects, rot and subsidence often come to light only after the property have been inspected by a professionally qualified chartered surveyor. So, before you buy, it’s vital you get a home survey done. But where do you start and what survey do you go for? Our handy guide can help you choose.
A valuation is an assessment of a property’s market value, based on its location, age, condition, state of repair and several other factors.
It highlights the overall condition of the property you are interested in when compared to similar properties in the same area.
A valuation is affordable and gives a good overview, making it perfect for any property, regardless of its age, type or condition.
The valuation is not actually a survey; it’s an inspection designed to give you a better idea of how much a property is worth, which can help you to negotiate the right price with the seller.
RICS Homebuyer Report
A Homebuyer Report is a concise survey approved by RICS. It provides an extensive assessment of the condition of a property, so you can be confident in proceeding with the purchase or sale.
It includes all the information covered by a valuation, along with maintenance advice and guidance on any defects that may adversely affect the property’s value.
It is suitable for most types of houses, bungalows, apartments or flats that are in reasonable condition and constructed from common building materials. A RICS Homebuyer Report will include information about:
- The property’s overall condition
- Its value on the open market
- Damp proofing, insulation, and drainage
- Any defects in the accessible parts of the property
- Urgent matters that need addressing before you make the purchase
You should consider a building survey if you are interested in buying older, larger or more developed properties, or are planning major renovation works. It is the most comprehensive home survey we offer.
A building survey provides an in-depth assessment of the construction and structural integrity of a property, along with guidance on defects, remediation and ongoing maintenance. The report can also include an estimate of repair costs as an optional extra.
A building survey will look at issues including:
- Location and history of the property
- Any renovations or adaptions that have been made
- What materials were used in construction – such as walls, roofs and any other features
- Condition of roofs, guttering and waste pipes
- Condition of walls, both internal and external
- Condition of internal and external joinery, including windows and doors
- Decorations and finish
- Damp and ventilation
- Garages and outbuildings
- Gardens and fencing
- Condition of roof void, including ceiling and timbers
- Type/condition of internal floors on all levels of the property
- Condition of electrics, plumbing and heating systems
- Any other issues.
Let us help
At GB Home Surveys, we offer a different approach to getting a home survey. Our service is thorough, convenient and hassle-free. It will provide you with all the information you need to make the right choices.
We’re an independent, RICS regulated chartered surveyors and have been providing trusted services for almost 30 years. Our surveyors are all RICS members and RICS registered valuers and have vast local expertise and knowledge, so you can be sure you’re getting the best advice to help you buy or sell with confidence.
We can tailor our home surveys to your exact requirements. If there are any specific issues you would like us to inspect, please let us know.
For a free initial consultation and a no-obligation quote, give our friendly team a call today to discuss your requirements.