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 as your estate agent in Bridgend and Neath Port Talbot 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.
The RICS Homebuyer Report is sanctioned by the Royal Institution of Chartered Surveyors (RICS) and is designed specifically as an economical service. It is presented in a concise, standard format.
It is most suitable for properties built within the previous 100 years which are of conventional type and construction and are in reasonable condition.
The main objectives of the Homebuyer report are to help you:
Make a reasoned and informed decision on whether to go ahead with buying the property
Assess whether the property is reasonably priced
Identify decisions and actions that should be taken before contracts are exchanged
It is a visible inspection of all reasonably accessible parts of the property internally and externally. 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 Homebuyer Survey includes:
An inspection of each building element by a chartered surveyor
Identification of major faults, risks and other significant matters
Identification of urgent problems that may require further specialist advice
Results of tests for damp and assesses damage to timbers
Condition ratings for each building element
Estimated cost of rebuilding for insurance purposes
A valuation to assess if the property is a reasonable purchase at the agreed price
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 firstname.lastname@example.org.