Boydens is one of a small handful of local independent estate agencies providing building surveys, homebuyer reports and valuations.
There are two basic types of survey: a residential homebuyer survey and valuation and a building survey.
A building survey is suitable for all residential properties and provides a full picture of their construction and condition. It is likely to be needed if the property is, for example, of unusual construction, is dilapidated or has been extensively altered, or where a major conversion or renovation is planned. It is usually tailored to the client’s individual requirements. The report includes extensive technical information on construction and materials as well as details of the whole range of defects, major to minor.
By contrast, the homebuyer survey and valuation (usually called The Homebuyer Service) is in a standard format and is designed specifically as an economy service. It therefore differs materially from a building survey in two major respects:
· It is intended only for particular types of home: houses, flats and bungalows which are conventional in type and construction or apparently in reasonable condition.
· It focuses on essentials: defects and problems which are urgent or significant and thus have an effect on the value of the property, although it also includes other valuable information.
The Homebuyer Service, unlike a building survey, provides not only a survey but also a valuation as an integral part of the service. This is an economy package. Because of the practical limits on the type of property and on the scope of its coverage, the Homebuyer Service is priced mid-range - more expensive than a mortgage valuation, but less than a Building Survey.
The surveyor’s main objective in providing the service is to assist
the prospective homebuyer to:
· Make a reasoned and informed judgement on whether or not to proceed with the purchase
· Assess whether or not the property is a reasonable purchase at the agreed price
· Be clear what decisions and actions should be taken before contracts are exchanged.
The surveyor also gives his or her professional opinion on the particular features of the property which affects its present value and may affect its future resale.
Contact Boydens today to see how we can help you.