You should never solely rely on a lender’s mortgage valuation report before committing to purchase a property. This is not a survey and is based on a brief inspection of the property. There may be problems in the property that would cost a huge amount to put right and they won’t appear in the valuation report.
This is why it is vital you instruct a fully qualified member of the Royal Institution of Chartered Surveyors (RICS) before you buy your home.
Instructing Payton Jewell Caines to undertake a survey on your property could save you thousands of pounds and will give you peace of mind in allowing you to make an informed decision on whether to go ahead with the purchase.
A building survey is a comprehensive inspection of a property in a style to suit the property and your specific requirements.
It is a tailor-made service suitable for all residential properties and provides a full and detailed picture of the construction and condition. We can also undertake surveys of small-scale commercial properties.
As a general guide, consideration should be given to obtaining a building survey if the property is one or a combination of the following:
- Over 100 years old
- Larger than average
- Neglected or in a state of disrepair
- A listed building
- Not of traditional construction
- Has had extensive alterations
- You plan to renovate
The report is in greater detail and depth than the Homebuyer Report and includes details of:
- Details of both major and minor defects and what they could mean
- Tests for damp in the walls and to check whether there is any damage to timbers
- Technical information on construction and materials
- Photos
There are many benefits of having a building survey report commissioned on a property, for example:
- Identification of defects and recommended remedial works
- Opportunity to plan and make financial provisions
- Possibility of negotiating a lower purchase price
- Detailed reference document on the condition of the property
- Assistance on future resale of the property
It doesn’t include an open market valuation, but we can provide this as an addition if you require one. The surveyor will not be able to carry out any specialist tests on the services, but their general condition will be assessed visually and further tests recommended if considered appropriate.
The time to find out about faults is before you buy – let Payton Jewell Caines take the worry out of your purchase.
For further information please call us on 01656 654328 or email us on info@pjchomes.co.uk
