Survey peace of mind for older properties
Buyers who are considering purchasing older properties or undertaking renovation projects can now access greater information about the overall condition of the property with the new RICS Building Survey.
Consumers are becoming increasingly less inclined to rely purely on lender information when taking out mortgages, and older or more unusual homes often require a greater level of repair and improvement.
The RICS Building Survey has been designed with this type of property in mind and provides the buyer with a comprehensive analysis of the property.
Armed with this information, the buyer then has the option to potentially renegotiate the price or take or leave an offer with increased confidence about their investment. I
In April 2012, the consumer magazine Which? recommended that consumers commission RICS members to carry out structural surveys when buying, selling or improving a home.
The survey provides a comprehensive and easy to understand report on all aspects of the property, including a full breakdown on the fabric and condition of the property, with a diagnosis of defects, and repairs and maintenance advice.
Mortgage lenders, estate agents and solicitors recognise their role in providing buyers with best advice about obtaining their own independent survey over and above a valuation for the lender and the need to speak to a chartered surveyor to establish what type of service is best suited.
Estate agent John Pocock said: “Older or more unusual properties often require more renovation work than newer homes. When purchasing a property like this, or taking on a development project, it is important that buyers know exactly what they are getting themselves into.
“The new RICS Building Survey offers a detailed assessment of a property’s condition and is designed with more unusual homes in mind. Commissioning a survey helps homebuyers to make a more informed decision on their purchase, and gives them greater negotiating power.”
Email to a friend
Print this page- What a relief! Plans to build four runway international airport in Haddenham in 2030 officially scrapped
- Chiltern Hills Rally revs back into action with record-breaking crowds
- New mayor of Aylesbury ‘made’ at special ceremony
- Motorcyclist seriously injured in car crash near Tetsworth
- Women revel in Race for Life at Waddesdon Manor
- Two Aylesbury men jailed following death of cyclist in Terrick
- Evergreen but never stuck in a rut: Alan Candy road tests the Suzuki Jimny
- New mayor of Aylesbury ‘made’ at special ceremony
- Tasty meal showcases good work of Aylesbury prison following ‘negative’ TV documentary
- Man sleeps rough to draw focus on plight of homeless
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for Aylesbury
Tuesday 21 May 2013
Today
Cloudy
Temperature: 8 C to 16 C
Wind Speed: 15 mph
Wind direction: North
Tomorrow
Cloudy
Temperature: 4 C to 14 C
Wind Speed: 18 mph
Wind direction: North west
