On the South Coast and Isle of Wight we specialist in undertaking surveys and valuations on residential property for a wide range of clients including private individuals, commercial clients and lending institutions.
An independent survey will help you to make a reasoned and informed decision on whether to go ahead with buying a property.
For homebuyers, arranging your own survey is the simple, cost-effective way to avoid unpleasant – and potentially expensive –surprises after moving in. In some cases, the surveyor’s report may allow you to renegotiate the price of the property.
As RICS surveyors, we offer two forms of survey specifically designed to help home buyers:
Below is a comparison of the different surveys (including the Level 1 survey).
A Residential Building Survey is described by RICS as:
A comprehensive, tailored report, including a structural survey of visible and potential problems. This report is designed for large, older or unique properties.
A Residential Building Survey will include:
The Building Survey can include:
This is described by RICS as:
The most popular report for buyers. A complete diagnostic report, including a valuation element, suitable for the majority of residential properties. It clearly presents all findings in an easy to read format.
The HomeBuyer Report includes:
A description of the condition of each element of the property
It does not include:
The RICS HomeBuyer report focuses on any areas requiring urgent repair, or that are significant and have an effect on the value of the property. RICS refer to this as “an economy Survey”? and it is in a standard format. The purpose is to provide you with information to make a reasoned and informed judgement on whether or not to buy the property at the agreed price, and whether you should obtain any further specialist advice.
Request a free quote or a call back from a trusted Building Condition Survey expert.
Fill in the short form and one of our team will call you to discuss your requirements.
Residential Valuation reports may be needed for a number of reasons. As qualified and experienced professionals, we will provide accurate and reasoned reports that comply with the requirements of RICS, and also, in some cases, legislation.
We are often appointed by a Court Order as a “Joint Single Expert”? acting independently to value property for this purpose. We can also represent either party before, or during Court proceedings.
These can be provided by an estate agent, often free of charge, but these are more likely to be challenged by HMRC than a properly and professionally prepared report. We will provide the information that is expected and required by the authorities for a probate valuation, giving you greater confidence in the outcome.
We have details of property transactions going back to 1982, which is often the base date for CGT calculations. This enables us to provide you with an accurate and reliable valuation, to help you or your Accountant determine and agree a CGT tax liability, based on any date back to 1982.
It is important that your home or business property is insured at a figure high enough to satisfy the requirements of your insurers. We calculate the theoretical rebuild cost of your home by reference to industry approved and regularly updated data. The rebuilding cost may be significantly higher, or in some cases lower than the Market Value, and is not to be confused with it. You do not wish to be over insured and therefore paying too much, but in the event of a major claim, the cost of being under insured could be very significant as the insurer may pay only a proportion of your claim.
We will inspect your property and provide the required information for your buildings reinstatement valuation.
Even if you are looking for a mortgage and, as a result, may be paying for a mortgage valuation report, it is still recommend that you arrange a survey by your own surveyor. (Both the Consumers’ Association ‘Which?’ magazine and the Council of Mortgage Lenders give this advice).
The mortgage valuation report is prepared for your lender – not for you, the borrower. It answers only the lender’s questions about whether the property offers suitable security for your loan. You cannot rely on it to answer the questions that concern your personal interests or to give you details of the condition of the property. Also, some lenders do not provide a copy of their mortgage valuation report.
We’re proud to employ more than 350 talented individuals working across a multitude of disciplines.
Eddisons is rapidly growing; emphasised by our nationwide office network which is now 25-strong.
We’re ready to take your call and can quickly pass you through to the right department.
