You are probably aware that the inspection undertaken by your lender’s surveyor, which may not even involve the valuer entering the property, is solely for the lender. In most cases, you will not receive a copy.
Having your own survey carried out may also save you money. Remember, the price that you have agreed to pay for your property does not allow for the cost of repairing issues that would not be apparent to a lay person during a typical viewing. If our report highlights a costly repair that would be the basis for a renegotiation and a good estate agent will have made the seller aware of that possibility.
Having taken the sensible decision to arrange your own survey the next step is to decide which type you need. The RICS categorise pre-purchase surveys in to levels 1, 2 & 3 with level 3 being the most thorough. Our level 2 and 3 surveys are described in detail below. We don’t offer a level 1 surveys as we found that the small amount of additional time taken to produce a level 2 Homebuyer Report meant that the more basic reports offered poor value for money.
The RICS Homebuyer Report is an assessment of the general condition of a property. All the main elements, internal and external, are covered as well as the services and grounds. – no tests are undertaken but elements are inspected as far as is possible without causing damage.
The report will highlight essential repairs and advise on future maintenance issues. Where investigation beyond the scope of the report is required appropriate recommendations will be provided.
The Homebuyer Report is suitable for most conventionally built properties although it will likely be worth the additional expense of a Full Building Survey if the property is particularly run down.
The Full Building Survey is a more detailed assessment in that it describes the form of construction and materials used for different parts of the property.
As well as describing any defects present the report will consider the most probable cause(s) based on the inspection and the likely consequences of non-repair.
Advice on priority and recommended timescale will be included and, as far as possible, the report will be comprehensive. Additional reports will only be recommended where the issue in question is beyond the skill set of a Building Surveyor e.g. an electrical test.
Reports can be tailored to your specific plans, such as including an extension feasibility report, and estimated repair costs can be added upon request.
This type of report is written to the same level of detail as a Building Survey (see above) but covers a specific issue such dampness, cracking or timber defects.
The report will include a basic specification for remedial works that can be snipped out and used as the basis for obtaining contractor quotes.
Taylor Mitchell Surveyors are regulated by the RICS meaning that we must follow strict rules of conduct – including having in place insurance to protect you – our surveyors must update their skills and knowledge throughout their careers so you can rely on their expertise and you are protected by a complaints procedure and access to independent redress through an Ombudsman scheme.
Our multi-disciplined team has a range of expertise to help you with any project, and allows us to provide a detailed, comprehensive service to every client.