Should I get a Full Structural Survey, RICS Level 3 Survey or RICS Level 2 Survey for a home in Market Deeping and which one would be cheaper?
The Full Structural Survey has a new name called a RICS Level 3 Survey, however it is essentially the same comprehensive survey.
If the Market Deeping property is a flat, or is a period property, or has been extended or modified, or is built of unusual materials, then RICS recommend the cheaper RICS Level 2 Survey.
If you are planning to do any an extension, you should you book a RICS Level 3 Survey. This option is not as cheap as a RICS Level 2 Survey but it will provide you with a thorough analysis of the Market Deeping property's condition and it includes an opinion on defects , general repairs as well as maintenance options .
For more information get an instant Market Deeping Home Survey Quote online or call us 0800 022 4428 to speak to our survey team.
There is a flat in PE6 in Market Deeping priced at £110, 583. What will a Market Deeping chartered surveyor take into account when calculating house prices in Market Deeping ?
There is a near endless list of things that might affect house prices like any number of structural defects or whether there are any conservation area infringements. It can help to put side by side the prices of flat achieved in Market Deeping at the same time for comparable properties. The mean flat price registered at the Land Registry between Jul and Oct 2012 was £108, 583, which is £2, 000 less than the asking price. The house/flat average was £191, 429. 16, Princess Grove, Market Deeping, Peterborough, South Kesteven, Lincolnshire, PE6 8GJ sold for £122, 000 .
The most accurate way for you to get a formal property valuation is with a RICS Level 2 Survey which includes a Property Valuation Report (PVR) as an inclusive part. Your surveyor will be officially part of the Valuer Registration Scheme.
The chartered surveyor will visit the property in addition to allowing for the myriad of location related influences that might affect the value of property.
The vendor has mentioned there may be loose blue asbestos containing roof tiles at the flat. What is asbestos?
Asbestos is a dangerous fibrous material. Chrysotile (White), Amosite (Brown) and Crocidolite (Blue) may be in building materials for example boiler cupboard. Its use is widespread, for example - as it has a range of useful characteristic heat resistance qualities and it may be found in boards around windows.
All forms are ultimately dangerous and can lead to lung cancer following prolonged exposure. If found, care should be taken on no account to break asbestos and professional advice should be sought immediately.
Surveyors cannot confirm the existence asbestos on a survey. Surveyors will note potential asbestos risks and should offer advice.
When we went to see the mid-century home we intend to buy we noticed that there is deterioration in the wiring and RCD unit, will the surveyor advise on the electrical system condition?
When carrying out a RICS Level 3 Survey in Market Deeping the surveyor should comment on the electrics if it is apparent that the electrics are in an unsatisfactory state of repair. A Surveyor will also provide detail on potential areas for concern such as verifying any external installations such as out houses with a power supply or any water features. Looking at any evidence of a test on the condition of the electrical wiring handled by a suitably qualified electrician on the building will be part of the survey. Reporting on any evidence of the most recent Periodic Inspection Report carried out by a suitably qualified electrician on the property being surveyed should be part of the RICS Level 2 Survey in Market Deeping .
The IEE advise a Periodic Inspection need be completed every ten years (or every 5 if renting out).
Are there any problems I need to be wary of when purchasing a house in Market Deeping in the vicinity of conservation area ?
There are around ten thousand of designated conservation areas throughout the country which are designated by local authorities.
Home Buyers Surveys in Market Deeping must possess sufficient knowledge of relevant local factors and any effect may have with the home. The price of property will likely be inflated due to conservation areas being unspoilt. However many conservation areas have been neglected and are in disrepair e.g. increasing amounts of scruffy green spaces
Property surveyors can be expected to advise if the property looks like it may be is designated and Section I of the Market Deeping RICS Level 2 Survey will recommend additional enquiries are carried out by the solicitor or conveyancer. Unsympathetic modifications that do not have Local Authority approval should be noted, however these should be investigated by your conveyancer.
I am worried about pests in the Market Deeping home we plan to buy. Is a Home Buyers Survey advisable?
Buyers should be aware that there is no legal obligation for the vendor to mention a pest issue.
Unfortunately, the threat posed by these to property is very real, and can seriously reduce the value of a property. An affected building may not always be easy to identify, the smell of ammonia in or behind cupboards may indicate mice, even if no droppings are found. Treatment for vermin may include chemical treatment or removal of infected furniture. The RICS surveyor may include notes on any signs of vermin or other pests in their report. It is, however, advisable that specific worries you may have be raised ASAP.
I'm unsure about the argument to go for a full structural survey when acquiring a substantially modified detached townhouse near Market Deeping as opposed to a RICS Level 2 Survey?
Albeit commonly referred to as Full Structural Surveys by many agents and buyers these comprehensive surveys are now entitled RICS Level 3 Survey. This is the best survey to choose when buying an unusual property e.g. an extended Market Deeping house. The report (set out in the surveyor's individual format) summarises thorough and crucial advice about the buildings state of repair and any technical details a thorough inspection of the inside and outside of the main building.
. For more info home buyers surveys in Market Deeping Survey comparison table.