Condition Rating 1
No repair is currently needed. The property must be maintained in the normal way.
When buying a property it is important to make sure that everything is as it seems. Buying a house is the single biggest purchase any of us is likely to make. When you have found your dream home it is time to think about getting the right help at the right price from a professional organisation you can trust.
Many house buyers rely upon mortgage valuation reports to highlight problems with the property, however the valuation report is not designed to do this and in many instances it is not disclosed to the purchaser. According to a recent RICS survey 1 in 4 buyers rely solely on a mortgage valuation report. 25% of these buyers end up with unplanned work in the first year amounting to over £1,100 on average.
The RICS Home Buyers and Building Reports is an affordable, straight forward, user friendly assessment. It uses a bare minimum of technical jargon and has colour coded condition ratings based on a ‘Traffic Light System’.
Our surveyors rate each element of the property using one of the following condition ratings:
Condition Rating 2
Defects that need repairing or replacing but are not considered to be either serious or urgent. The property must be maintained in the normal way.
Condition Rating 3
Defects that are serious and/or need to be repaired, replaced or investigated urgently.
The surveyor’s main purpose in providing this service is to help you:
Informed decision
Make an informed decision on whether or not to go ahead with the property;
Reasonable price
Decide what is a reasonable price to pay for the property;
Repairs or Replacements
Take account of any repairs or replacements the property needs;
Advice
Consider what other advice to take before exchanging contracts.
The report covers the inside and outside of the building, the services, and the site. It also includes:
Details
Details of the general condition and particular features of the property;
Condition rating
Condition rating for the structure of the building, the services, and any garages and permanent out buildings;
Particular points
Particular points you should refer to your legal advisors;
Specific risks
Specific risks associated with the property;
Other relevant considerations
Other relevant considerations – for example the location, the local environment and the energy performance of the property (if this information is available).
Starting from £295 plus VAT, our home buyers reports could save you thousands of pounds in unforeseen building and renovation work on your dream property.
Building Survey Reports
A Building Survey is a comprehensive inspection of a property. It is suitable for all properties, especially:
Listed Buildings
Older Properties
Buildings constructed in an unusual way
Properties you plan to renovate or alter in any way
Properties that have had extensive alterations
The Building Survey examines all accessible parts of the property and you can ask to have specific areas investigated, or any particular concerns that you have about the building.
Our Building Survey includes a valuation of the property on the open market, and estimated cost of rebuilding the property for fire and insurance purposes.
Our reports are totally independent and designed to help you make a more informative decision. Costs vary according to which type of survey you have, but both Homebuyer Survey Reports (HSV) and Building Survey Reports provide reassurance and peace of mind for your purchase.