The Homebuyers Survey & Valuation Report is, in contrast to a Building Survey, in a standard format and is designed specifically as an economy service. It therefore differs materially from a Building Survey in two major respects. It is intended only for particular types of home: houses, flats and bungalows which are:
It focuses on essentials: defects and problems which are urgent or significant and thus have an effect on the value of the property - although it also includes much other valuable information.
The Surveyors main objective in providing this service is to assist the prospective homebuyer to:
The surveyor also gives his or her professional opinion on the particular features of the property which affect its present value and may affect its future resale.
The report is concise and covers the building inside and outside, the services and the site. It focuses on the defects and other problems which in the judgment of the surveyor are urgent or significant. Matters which are judged to be not urgent or not significant are in general not included in the report, but the surveyor will mention matters judged to be helpful and constructive.
The Homebuyers Survey & Valuation Report is an economy package. Because of the practical limits on the type of property and the scope of its coverage, this type of survey is priced mid range, more expensive than a mortgage valuation but less than a Building Survey.
A Building Survey or Structural Survey is suitable for all residential properties and provides a full picture of their construction and condition. It is likely to be needed if the property is, for example, of unusual construction, is dilapidated or has been extensively altered - or where a major conversion or renovation is planned.
The report is tailored to the client's individual requirements and will include extensive technical information on construction and materials as well as details of the whole range of defects. Advice is also given as to what action to take to remedy these defects together with an estimate of the likely cost of repairs.
The report will not usually include a market valuation of the property unless requested by the client although we will provide a valuation for insurance reinstatement purposes.
If you would like further information about our services please contact us using the details to the right or use our enquiry form to obtain a survey quotation.
Address
Nick King Associates
Millars Three
Southmill Road
Bishop's Stortford
Hertfordshire
CM23 3DH
Telephone (Bishop’s Stortford)
01279 467700
Telephone (Cambridge)
01223 303066
Fax
01279 467701