In order to reach a decision on whether or not to proceed on a purchase of a residential property, it is advisable to have a survey and valuation carried out. It may be that you are having a Mortgage Valuation carried out, however this is prepared only for the lender, and therefore should not be relied upon by any purchaser. It only deals with general aspects of the property in relation to it's security for your mortgage. It will not provide information on any material defects that may exist, or major repairs that may be required to the property.
The HomeBuyer Survey & Valuation is in standardised format as set out by the RICS, and is intended for houses and flats which appear to be in reasonable condition and are not unusual in any terms of construction or other aspects. It provides a focus on essential repairs that are urgent or significant, and also information which may have a material effect on the value. The report is generally priced lower than a Building Survey.
We can usually book a survey within 2-4 days (subject to availability), sometimes we can do this sooner at short notice if urgently required as slots can open up from cancelled/postponed surveys.
The turn around time from inspection to completion of the survey is usually 2-3 working days maximum.
General: Market Valuation, Location, Construction, Accommodation, Area of property (sq m), Building Insurance Reinstatement cost, Risks to the building/grounds/people.
External: Roof, Chimneys, Rainwater goods, Main walls including signs of any subsidence, Windows, Doors, Conservatory and porches, Joinery, External decoration, Garage, Grounds, gardens and boundaries including checks for signs of Japanese knotweed.
Internal: Roof space/loft, Ceilings, Walls including damp tests for rising damp or water ingress, Floors, Fireplaces, Chimney breasts, Fixtures and fittings, Joinery and woodwork, Bathroom fittings, Internal decoration
Services: Electricity, Gas, Water, Heating, Water heating, Drainage, Common services
General: Location, Type of property and construction, Accommodation, Tenure, Road charges, Town planning.
External: Roofs, Eaves, Chimneys, Rainwater goods, Main walls including checks for signs of subsidence, Air bricks, Damp proof course, Windows, Doors, Joinery, Decorations, Drainage System, Foundations and settlement, Trees, Insurance, Boundaries, Walls, Footpaths, Gardens including any signs of Japanese knotweed, Garages and outbuildings.
Internal: Roof space, Ceilings, Walls including damp tests for rising damp or water ingress, Fireplaces, Flues and chimney breasts, Floors, Windows, Doors, Joinery, Staircases, Fixtures and fittings, Sanitary fittings, Decorations, Thermal and sound insulation,
Services: Electricity, Gas, Cold water, Hot water, Plumbing, Heating, Dampness, Woodworm, Dry rot, Timber defects, Lighting, Ventilation, Building regulations.
The building survey is a longer more detailed report whilst the Homebuyers Survey is shorter and less detailed. The Homebuyer Survey includes a valuation whilst the Building Survey does not (but a valuation can be added if required). Both reports cover similar parts and checks of the property but the building survey will provide more detail on construction and may be more suitable for older properties, or properties which are in poor condition or properties which have undergone major extension.
For more information on the differences between the surveys please see the following guide: Choosing Between Surveys