Should I book a Full Structural Survey, RICS Level 3 Survey or RICS Level 2 Survey on a home in South Kensington and which is the cheapest?
The Full Structural Survey has a new name called a RICS Level 3 Survey, although it is basically the same the same survey.
If the South Kensington property is a flat, or is 100 or more years old, or has been structurally modified, or is of non standard construction, you should choose a cheaper RICS Level 2 Survey.
If you are planning to carry out an extension, it would be better that you select a RICS Level 3 Survey. This option is less cheap, however it does provide you with comprehensive details of the South Kensington property's condition as well as advice on defects , repairs as well as maintenance options .
For more details get a South Kensington Home Survey Quote on our website or call us 0800 022 4428 to speak to one of our advisers.
What do I need to take notice of when purchasing an older property? What impact will the wooden structure have on maintenance?
Many buyers plan to buy a house with personality, like a coach house or converted stable. For traditionally-built South Kensington property, age, however, can occasionally give buyers second thoughts, and Buildings featuring traditional methods can be surprisingly expensive to repair. It is often the case that specialist expertise is necessary, and it could also be necessary to find Traditional building materials, which could mean it is a good idea to discuss current upkeep needs with the seller.
Is £4, 690, 100 the right sort of amount to pay for a house in the centre of SW7 for and what things does the South Kensington qualified RICS surveyor consider when conducting a survey ?
There are many factors that might affect the price of property such as the tenure i.e. freehold or leasehold or the status of the central heating. You can try to set against house values recorded in South Kensington for similar properties.
The average house price recorded at the Land Registry between Jul and Oct 2012 was £4, 677, 500, which is £12, 600 less than the amount you are intending to pay. The average for houses and flats combined was £1, 150, 573. 14, Foulis Terrace, London, Kensington And Chelsea, Greater London, SW7 3LZ a Terraced home sold for £8, 500, 000 .
The best way for you to get a professional home valuation is with a RICS Level 2 Survey in South Kensington which includes a formal valuation as standard.
Would our South Kensington surveyor consider flooding, or whether flooding has affected neighbouring property?
Flooding has blighted the lives of thousands of home owners in South Kensington and across the country, and house buyers cannot know that insurance against flooding will continue to be available. It is strongly recommended that the property is protected, before flooding begins.
Flood water can enter a South Kensington house through several routes, including seepage through external walls.
Familiarity with characteristics of the local area likely to affect South Kensington house enables the home surveyor to surmise flooding may be a risk, even if the property has not itself flooded before. The home surveyor may ask the occupier about historical floods, although the result of these enquires should be treated as a guide only.
Fortunately, no recent flood warnings were found for South Kensington, according to the Environment Agency.
*Information accurate 4th January 2013
A leaky roof caused problems in the old property, and we are wary of potential roofing issues. Which issues relating to the loft will be reported on?
Local property in otherwise fine condition can often hide roofing woes. From trusses to collar ties, every part of the roof must be reviewed. The are also numerous flat-roofed properties in South Kensington, including many apartment blocks. In these cases, the property surveyors will look for a range of signs, including amateur repairs.
Given the high cost of major roof repairs like repairing a bowing truss, some homeowners may defer maintenance indefinitely. This makes both the cause and the consequences harder and even more expensive to treat when repairs do take place. Prior to exchange, it may be worth sourcing from a local contractor a quote for any suggested work.