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Services - Homebuyer's Service |
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Written by Reality Properties
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HOMEBUYER'S SURVEY  The Homebuyer’s Survey and Valuation Report (or HSV) is a service carried out to a standard format, defined by The Royal Institution of Chartered Surveyors (RICS). It is recommended for properties built within the last 150 years, which are of conventional construction and in reasonable condition.
An HSV includes the property’s general condition, any significant defects, inaccessible parts of the property which may affect its value, and urgent and significant matters that need addressing before exchanging contracts. It is not suitable for properties needing renovation, alterations, or extension, in which case a full building survey is recommended.
The HSV includes the value of the property on the open market and the recommended reinstatement cost for insurance purposes. It is not a detailed survey of every aspect of the property – it focuses on significant and urgent matters. It could potentially save you thousands of pounds in the future.
Some of the issues covered by the HSV include - Testing for damp
- Identification of major faults affecting value
- Urgent matters that need assessment before exchanging contracts.
- Recommendations for further specialist investigations.
- Timber decay including woodworm or rot.
- Inspection of insulation and drainage.
Investing in property is one of the biggest financial commitments you will ever make. The best way to get advice on the type of survey you require is by seeking professional advice from a Chartered Surveyor, who will act solely in your interest and who could save you money and spare you from future heartache. We offer reliable, professional advice on the types of survey available, and provide clear, easy-to-understand reports tailored to your requirements. A helpful guide to property surveys The RICS publication ‘Understanding property surveys’ is a helpful guide which explains the various types of surveys that are available. It will help you to decide what survey is appropriate for the type of property you are buying.
Please click on the link below and download this publication, or contact us and we will post or email a copy to you.
RICS - Understanding Surveys Building Regulations As well as planning permission, property owners and developers are required by law to obtain Building Regulation approval in advance for the majority of projects. These important regulations include requirements for building design and construction to ensure: - Health and safety regulations are covered
- The needs of disabled people are met
- Buildings are energy efficient
We can provide full guidance on building regulations and prepare your applications. The regulations are constantly evolving and we ensure that our team are kept fully up-to-date with all changes. Contact us for a quote If you need further information about a survey, or would like a quotation, please call us on 020 3355 0908 at our offices. We will need some basic information about the nature of the property including size, age and location, together with any other specific requirements you may have.
We provide easy-to-read reports without the use of unhelpful jargon. We aim to inspect, prepare and post a report within 5 working days, and sometimes less
Reality Properties - Professional Property Services.
www.Realityproperties.co.uk
1 Gunthorpe Street, Unit 2 Nagpal House, London E1 7RG
T: 020 3355 0908
F: 020 3355 0907
E:
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