THE HOMEBUYER SURVEY AND VALUATION
Although the Homebuyer Survey and Valuation is an ‘economy’ report, it is a thorough and comprehensive survey designed specifically to assist you, the prospective purchaser,
- to make a reasoned and informed judgement on whether or not to proceed with the purchase,
- to assess at what price it would be reasonable to purchase the property and
- to be clear what decisions and actions should be taken before contracts are exchanged.
The general condition of the property, focusing on matters which the surveyor judges to be urgent and/or significant, is, therefore, fully covered, together with any particular features which affect its present value or may affect its future saleability.
The Services (gas, water, electricity etc), although inspected, are NOT tested and furniture/floor coverings are not moved/lifted. So, whilst being comprehensive, the inspection is, nevertheless, constrained by accessibility, safety and practicality considerations.
An opinion will be given on whether or not the proposed purchase price is reasonable, having regard particularly to the condition and location of the property, and a Re-instatement Cost Valuation will also be provided to advise you of the minimum sum for which the property should be insured.
The Homebuyer Survey and Valuation is suitable for most properties, although, if a property is particularly old or in a poor state of repair, then a Building Survey may be more appropriate.