Surveys

Your home is likely to be one of the most expensive purchases you ever make – you need to know as much as you can about the property before you buy it, live in it, and when you sell it so having a survey makes good sense – and could save you thousands of pounds and will give you peace of mind.

When buying a home Which? The Council of Mortgage Lenders and the Building Societies Association advise you to get a survey before you buy, and not just rely on a valuation.  A valuation is not a survey.

If you’re buying a home you should have a survey done before you enter into a contract.  A survey can actually save you money.  If there are problems, you can often renegotiate the sale price of the home to reflect the cost of necessary repairs. Or you may even decide you do not want to buy it at all.

Its important to remember that your mortgage lender’s valuation report is not a survey.  It merely tells your lender whether or not the property is reasonable security for your loan.

A home survey will tell you the actual condition of the property.  That’s vital information that can be invaluable during price negotiations, and will also help you avoid expensive surprises after you’ve moved in.

O’Hearne & Partners offer standard RICS home surveys & Independent Valuation Reports. The RICS Homebuyer Report provides the following:-

  • - clear ‘traffic light’ ratings of the condition of different parts of the building, services, garage and outbuildings, showing problems that require varying degrees of attention

  • - a summary of the risk to the condition of the building; and other maters including guarantees, planning and building control issues for your legal advisers

  • - the surveyor’s professional opinion on the ‘Market Value’ of the property

  • - a list of problems that the surveyor considers may affect the value of the property

  • - advice on repairs and ongoing maintenance

  • - issues that need to be investigated to prevent serious damage or dangerous conditions

  • - legal issues that need to be addressed before completing your conveyancing and

  • - information on location, local environment and recorded energy efficiency (where available)

Ask your surveyor for detailed Description of the RICS Homebuyers service leaflet or visit www.rics.org/homesurveys

The independent valuation report, this is not a survey but is a brief report providing opinion on value, very limited comment on the overall condition of the property and provides a valuation and buildings insurance figure.

Few remaining Independent Chartered Surveyors in Bradford.

  1. Matrimonial
  2. Probate

We have many years experience of carrying out surveys and valuations throughout West Yorkshire and in particular all Bradford postcodes and if you need any further information or need to discuss which report is suitable for your purposes please contact Richard Bairstow.