Should we go for a RICS Level 2 Survey, RICS Level 3 Survey or Full Structural Survey for a home in Childs Hill and which one would be the cheapest?
The Full Structural Survey has been renamed by RICS as a RICS Level 3 Survey but is effectively the same.
If the Childs Hill property is a flat, or is 100 or more years old, or has been structurally altered, or is of non standard construction, you should choose a cheaper RICS Level 2 Survey.
If you are thinking about whether to do any significant alterations, you should you book a RICS Level 3 Survey. This more detailed survey is less cheap, however it does offer a thorough analysis of the Childs Hill property's general condition in addition to advice on structural defects as well as maintenance options .
For more details get a Childs Hill Survey Quote via our website or call us 0800 022 4428 to speak to one of our advisers.
Will a conversion with stone walls generate lots of maintenance costs? What problems must we watch out for, and will the surveyor offer any advice?
Purchasers in Childs Hill should be aware that stone walls can be much weaker than they appear, and the defects impacting a type of stone will vary according to its properties.
Stone walls are either regular (cut) or irregular in structure, each of which will provoke particular concerns. Both regular or irregular stone can be mortared with lime-based mortar. Deterioration of lime mortar can often be the cause of a wall's failure and collapse. These walls will need frequent upkeep.
Ask you surveyor for details, but the report may specify cleaning loose fragments and dirt before repointing or applying any treatment or fixative, to slow decay.
Ask your surveyor for clarification if you are in doubt as to likely maintenance, particularly if the house in question is listed or located in a conservation area.
Do all Childs Hill surveys include a valuation and reinstatement cost estimate (including costs for rebuilding a boundary wall) and what will it include?
RICS Level 2 Surveys include a valuation and will also include a reinstatement cost. To be able to determine an accurate value estimate your independent surveyor will use local Childs Hill market factors and other things relating to the property for instance: size The surveyor will also consider construction type and make certain key assumptions, for example there are no dangerous materials. Surveyors don't value certain things like furnishings e.g. carpets.
Additional local Childs Hill area assumptions, such as use of parking or the access roads not being in private control, are made in addition to any environmental issues like mining activity, also being considered.
A RICS Level 3 Survey does not include a valuation as standard. A valuation can, however, be added for a small additional fee by request. Alternatively a Property Valuation Report (PVR) can be carried out.
There is a house in NW11 on with a local agent for £1, 028, 238. What will a Childs Hill chartered surveyor take into account when calculating house prices in Childs Hill ?
There are a huge number of issues that can add to or subtract from the price of property such as plumbing problems or the size of bedrooms (single/double). You can try to weigh up prices against house prices registered at the Land Registry for similar properties.
The average house price registered at the Land Registry between July and October in 2012 was £1, 048, 438, which is £20, 200 more than the asking price and the flat/house average was £952, 619. 51, Armitage Road, London, Barnet, Greater London, NW11 8QT a detached property sold for £1, 435, 000 .
An impartial way to get a formal house valuation is to get a RICS Level 2 Survey in Childs Hill which includes a Property Valuation Report as standard.
A qualified surveyor should visit the property in addition to factoring in the variety of location factors that can impact on values.
When I visited the unmodernised property I am planning to buy, it looked like there are doubts as to then safety of the electrical system; does a surveyor report on any faults with the electrics?
During a Childs Hill RICS Level 2 Survey a qualified surveyor will report on the condition of the electrics if it looks like the electrics are in a hazardous condition. He or she is expected to report on possible problems relating to things like verifying the state of fixed appliances like storage radiators or reporting on the condition of any visible wiring a sample of light fittings.
Verifying the existence of any evidence of any recent PIR handled by a suitably qualified electrician will form part of the survey.
The IEE (Institute of Electrical Engineers) suggest that a Periodic Inspection be conducted every 10 years (or every 5 if letting out).