| If you are preparing or even thinking of trying to | | | | wiring but they will comment on their condition to a |
| purchase a property then the natural subject of | | | | certain extent. |
| discussion is the mortgage. This for the majority will | | | | There are two types of surveys provided by |
| be the biggest personal financial commitment of your | | | | property surveyors on a home: |
| life and should be taken seriously if you are to | | | | Homebuyer Survey and Valuation (HSV) |
| consider becoming a home owner. | | | | The Home Buyer Survey and Valuation is appropriate |
| So being an important financial decision you may need | | | | for conventional properties built within the last 150 |
| to take a form of financial advice before you | | | | years, and which are in reasonable condition. The |
| proceed, and the same applies to the actual property | | | | report details important problems that could make a |
| itself. Like so many other ventures things can appear | | | | difference to the value of the property and gives an |
| very clear and understandable on the outside but | | | | opinion on its valuation. |
| only when you delve a little closer can things become | | | | Building Survey (Full Structural Survey) |
| more complicated and not so attractive. | | | | The Building Survey - also known as a Full Structural |
| This is why you must be sure that what you are | | | | Survey - provides a detailed report on the property's |
| planning to buy is built on solid foundations and that is | | | | construction and condition. It can be applied to any |
| where the property surveyor can become more | | | | age of property but is particularly helpful for |
| important than financing the property itself. | | | | dilapidated properties and those that have been |
| A property survey is the equivalent to an MOT for a | | | | extensively altered. Building Surveys are also useful if |
| car. It helps identify potential or current problems and | | | | you plan to renovate or convert the property. |
| a surveyor will provide you with a report to | | | | A survey can be regarded as a money saving tool, it |
| ultimately help you make an informed decision. If | | | | can form a negotiating tool for the sale price to |
| your buying a property it is advisable to have a | | | | reflect potential repairs or it may lead you to not |
| survey completed before you enter into a binding | | | | buying the property at all. Each type of survey will |
| contract, in Scotland the rules are slightly different | | | | incur different costs and this will depend on the firm |
| where by you must have a survey completed before | | | | you choose to use, it is important that the property |
| you can even make an offer for a property. | | | | surveyor is a member of the Royal Institute of |
| A surveyor will evaluate will evaluate the overall | | | | Chartered Surveyors as they have the authority in |
| condition of a property, but only on parts of the | | | | this sector and they will advise on which type of |
| house that is easily accessible, a surveyor will not be | | | | survey will suit you the most. |
| obliged to test for gas leaks, the water supply, and | | | | |