Home Buyers Survey County Durham
Should we book a Full Structural Survey, Building Survey or HomeBuyer Report for a home in County Durham and which one is the cheapest?
The Full Structural Survey has been renamed by RICS as a Building Survey, however it is effectively the same survey.
If the County Durham property is a flat, or is an older property, or has been extended or modified, or is of non standard construction (i.e. not made of bricks), RICS advise a cheaper HomeBuyer Report.
If you are planning to make alterations on the County Durham property, RICS advise you opt for a Building Survey. The Building Survey is not as cheap, however it will give a more detailed analysis of the County Durham property's state of repair along with more detailed advice on defects as well as maintenance options .
For more detailed advice you can get an instant County Durham Survey Quote on our website or call us 0800 038 6667 to speak to a member of our team.
I am going to buy a house in County Durham. What things will a surveyor consider when carrying out a RICS valuation ?
There are a huge number of issues which could positively or negatively affect property values from the general economy to whether the property is listed. .
The most reliable way for home buyers to get an accurate and professional property valuation is to commission a Homebuyer Report which includes a Property Valuation Report (PVR) as part of the service. Your RICS surveyor will be part of the Valuer Registration Scheme (mandatory since 2011).
In the HomeBuyer Report, what impact can a Condition rating 2 have on windows?
A condition rating of two means that the element covered will need work at some point, but they are not considered to be urgent or serious. They may also require frequent upkeep. One example would be excess condensation or vapour occlusions in a double-glazed window. Where practicable, all windows are to be opened and closed, but not forced open, and vulnerable areas closely examined. The surveyor should make notes and advise the client whether it is possible to operate the window transoms/openings satisfactorily.
Should I get a separate valuation and cost of rebuild estimate and what will it include?
A Homebuyer Report in County Durham will include an independent valuation and also a reinstatement cost. To work out an accurate value estimate your RICS valuer will call upon in depth understanding of the County Durham market and other factors relating to the property e.g. size Surveyors also evaluate construction methods and make certain other assumptions such as no significant problems.
A Building Survey does not include a valuation as standard. However we can add a valuation for a small additional fee. Alternatively a Property Valuation Report (PVR) can be carried out.
Additional local area assumptions like the property being insurable, are made as well as any significant local environmental concerns like local mining issues, which are also considered as part of the valuation.