What is it?
The 'Property Buyer's Survey and Valuation' is what it says:
a report on the property that you intend to buy.
The main topics include an overall opinion of the property
from our point of view. Movement, dampness and timber
defects are the main threats to buildings. The inspection
will cover all the parts of the structure that can
be seen starting from the chimney, outside of the roof,
gutters, walls, windows and joinery, garage, grounds
and drains. Binoculars and a 12’ maximum ladder
are used. Then we inspect the inside the property,
including in the loft space, ceilings, walls, floors
and joinery. All parts that are accessible are inspected
without moving furniture, carpets, stored goods or
insulation. There is a visual inspection of the electrics,
heating, plumbing and gas, but we do not test the services.
We are not specialists in these fields but we will
recommend a specialist to report if we suspect a defect.
Finally we give our opinion of the market value and
also a figure that you should insure the property for.
After this you should be in a position to decide whether
you want to proceed with the purchase and at the price
you have agreed.
How much will it cost?
Our fees vary depending on the type of property, how
big, how old and how much it is. The lowest fee will
be about £225, but generally they average £275 - £400 (no VAT payable).
How long will it take?
We hope to get the Report to you within one week of
instructions, though this does depend on the owner
Will I have to be there?
No. The owner will be there or we will get keys from
the selling agent. However, you can be there if you
wish, but try not to get in the way too much please.
Why do I have to have one?
Buying a house is the largest purchase you are likely
to make. It makes sense to have the property checked
out. Even if you are getting a mortgage the valuation
surveyor will only have a cursory look around, and
he is acting on behalf of the building society.
When should I have a survey?
It makes sense to have your survey as soon as you
have agreed to buy the property. If there is a problem
you will be able to pull out or reduce your offer before
you spend money on solicitors or mortgage valuation
Why use David Potter?
He is a Fellow of the Royal Institution of Chartered
Surveyors and has been doing surveys for over 30 years.
He will try and give a fair assessment of the condition
of the property and warn of any problems that may be
stored up for the future. He will also be willing to
discuss the matter with you after the inspection. Heaven
forbid that there should be a dispute, but he is fully
insured and covered by a complaints handling scheme.