Surveys and Valuations

 

The best way to find out about any potential problems is to have a professional survey carried out. A property can look in tip-top condition to the layperson’s eye, but a professional assessment can reveal hidden problems. A thorough survey could prevent nasty surprises and unexpected costs at a later date. You may even be able to negotiate a better price for the property if the survey does reveal any problems.

 

 

The mortgage lender’s report simply ensures they are not lending you more money than the property is worth. The valuation will take into account the property’s age, general condition and location and will highlight obvious faults. However, valuations are very brief and sometimes only look at the outside of a property. Serious and less obvious faults may be missed.

 

 

For your complete peace of mind, Stephensons’ professionally qualified staff can carry out a thorough survey of the property you wish to buy before you sign on the dotted line. To talk through the options available, please contact Helen Barclay at our Easingwold office on 01347 821415, or email Helen Barclay. 

 

 

 

A Homebuyer Survey and Valuation (HSV) is probably the best and most economical choice for you. HSVs are carried out to standards set by The Royal Institute of Chartered Surveyors and are usually suitable for younger, more conventional properties that appear to be in reasonable condition.

 

The HSV will assess the general condition of the property and highlight any significant or urgent defects or problems, such as damp, woodworm or rot, that may affect the property’s value. The HSV includes the valuation required by your mortgage lender.

 

A Building Survey is your best choice if your property is:

 

It is also a good choice if you wish to renovate the property, as we can tell you if your plans are feasible.

 

The Building Survey is more extensive than the Homebuyer Survey and Valuation explained above. It will highlight major and minor faults and advise on the possible consequences and costs that may result. The property will be checked for damp, woodwork and rot and specialist information on the construction of the property and the materials used will also be included.

 

Please note that the Building Survey does not include a valuation for your mortgage lender, although we can arrange this separately. Due to our longstanding relationship with many mortgage lenders, through Allied Surveyors plc, we can often offer this service at a reduced cost.