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VALUATION or SURVEY – which do I need?

With offices in Surrey, Berkshire, and Sussex, Vospers are your first choice for property advice – providing property valuations, building surveys, homebuyer reports and a range of property services for residential and commercial properties.

As RICS-accredited Chartered Surveyors, our experienced team are here to provide impartial advice to all prospective home and property purchasers, identifying potential issues with properties and allowing purchasers to make important decisions.

……….but which do I need? Scroll down for more information

VALUATIONS; these tell you the value of a property having regard to market conditions. The state of repair of a property is considered when assessing value, but structural comment is limited.

Our RICS Registered Valuers are conversant with local markets. Whatever property you have we can provide an impartial professional opinion of its market value. We act for individual homeowners, purchasers, developers and lenders. Having viewed a property, we can appraise it by comparison to other property providing a report which will summarise the issues affecting its value.

Click here to view our valuation page

SURVEYS; these concentrate on providing a clear statement of the condition of a property. Sometimes survey reports can also include a valuation, but the emphasis is on confirming condition. Our qualified Building Surveyors advise clients on what they are buying and how to protect their interests. Vospers provide a wide range of survey types for both residential and commercial customers.

For Home Surveys click here

For Commercial Surveys click here

 

Residential Surveys

Vospers comply with the RICS Home Survey Standard (HSS) which ensures good practice and high standards in fulfilling instructions. We have concentrated on two levels of survey, Survey Level 2 (generally known as the Home Buyer Survey) and Survey Level 3 (generally known as the Building Survey).

Home Buyer Surveys (Survey Level 2)

This level of survey is for clients seeking a professional opinion at an economic price. The focus is on assessing the general condition of the main elements of a property. This survey suits a broad range of conventionally built properties.

This level of survey includes an extensive visual inspection of the building, its services and grounds although no services are tested. Concealed areas normally opened up or used by occupiers are inspected if it is safe to do so. The report describes the condition of the different elements of the property and provides an assessment of the relative importance of the detailed defect/problems using a RAG (Red/Amber/Green) rating. The report includes advice about repairs and ongoing maintenance issues but where we are unable to reach a conclusion with reasonable confidence a recommendation for further investigation is made.

Home buyer’s surveys are ideal for houses, flats, and bungalows under 100 years old, in a reasonable visible condition, built from standard building materials, and to a conventional architectural design. For older properties, dilapidated houses, or non-standard buildings, a more detailed building survey is recommended.

 

Building Survey (Survey level 3)

This level of survey is for clients who are seeking a professional opinion based on a detailed assessment of the property. The service consists of a detailed surface inspection of the property, its services and the grounds.

A building survey identifies building methods and construction defects, providing early warning about possible future repairs. Each building survey is tailored to the individual building, having regard to the age and circumstances of the property and goes into greater detail than a standard home buyer’s survey.

When should you purchase a building survey?

  • Before purchasing a large, run-down, or listed property
  • Before purchasing a property that has been extensively modified or extended
  • Before undergoing an extension or home renovation work on a property you own
  • Before purchasing an older property, built with older techniques

Building surveys include a full description of visible construction faults as well as potentially hidden defects, with photographic evidence provided to support the findings. On conclusion of the survey, your surveyor will provide a written report, together with suggested maintenance/repair options, long-term implications if action is not taken, and how these issues could affect the property. Advice will also be provided about structural risks and serious safety concerns (e.g. risk of collapse, asbestos, or fire hazards). A reinstatement figure for insurance purposes is provided.

Commercial Surveys

Vospers provides a wide range of surveys for commercial purchasers, tenants or occupiers. Whether taking a lease and needing a condition survey or buying an investment property (possibly, also needing investment advice and valuation) our many years of providing commercial advice on the local regional and national stage, means we can tailor a survey to your requirements.

Find Out More

To discuss our range of valuation and surveys in person with one of our team, and for bespoke advice about the service best suited to your circumstances, please get in touch with one of our RICS Chartered Surveyors at your local Vospers office today.

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