Owning a home is not without risk. Getting a survey from an RICS member will help highlight any problems that could lead to expensive surprises later.
A valuation is not a survey
A survey should not be confused with a mortgage valuation report. The mortgage valuation will give your mortgage lender assurance for its loan. It will not give you an assessment of the condition of the property, or advice about repairs and maintenance.
According to a recent survey of home buyers, of the one in four who relied solely on a mortgage valuation report, 25% needed to undertake unplanned work in the first year, amounting to an average cost of over £1,100 (RICS/GfK NOP Business research).
Be prepared with an RICS Home Survey
Having a survey conducted by an RICS member will give you:
- Peace of mind that you know the property and the risks it may carry
- Confidence that you can make an offer that reflects the true circumstances of the property (e.g. how an owner maintains its condition or how a vendor protects the sale)
- Reassurance that your surveyor is delivering a high quality, reliable and cost-effective service based on RICS standards of practice
- A clear understanding of your property thanks to a report written in plain English with simple colour-coding to illustrate the surveyor’s findings.
By commissioning an RICS Home Survey you can feel assured that the service you receive is impartial and reliable.
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