Survey? Why should you have one? How to choose a surveyor?
Here we look at why a RICS Home Survey is necessary and how to go about choosing a surveyor.
Firstly, why have a RICS Home Survey?
- Surveyors check the property from top to bottom and inform you of any current defects.
- Surveyors inform you of any possible future defects relating to the property’s method of construction.
- Mortgage lenders only obtain a valuation. As explained by Which.com in the following link https://www.which.co.uk/money/mortgages-and-property/first-time-buyers/buying-a-home/house-surveys-akbw67f03dkx.
- Average repair bill for unexpected defects found after not instructing a survey is £5,750.
- Estate agents won’t inform you of any potential issues.
Secondly, prior to instructing clarify the following;
- RICS regulated? Is the surveyor FRICS, MRICS or AssocRICS.
- RICS Registered Valuer? If you are wanting a valuating included in your survey.
- Has extensive local knowledge (ask what experience he/she has in the area)
- When did they last work in the area?
- What exactly will you be paying for?
- For an indication on the likely timescale?
- How long after the survey takes place will the report be ready?
- After survey support/further advice? Whats on offer?
- Does the surveyor carry full professional indemnity insurance?
- Is the surveyor completely independent to the selling agent and the current owner of the property?
Finally, taking the above into account we can conclude the following;
- RICS Home Surveys are worthwhile having.
- Use local surveyors, therefore local knowledge is available.
- Mortgage valuations are NOT surveys, hence the difference in price.
- Find out what you’re paying for before instructing a surveyor.
- Timescales should be agreed in advance of the survey, therefore avoiding lengthy delays and disappointment.
- Full professional indemnity insurance is legally required.
Thank you for reading this article and we hope that it has been of some use to you.
Should you have any further questions regarding a possible property purchase then feel free to get in touch by using the ‘Contact Us’ box found at the bottom of the page on http://www.millingtonsurveyors.co.uk, by email to firstname.lastname@example.org or call 01782 901042.