‘Why should I get an independent survey?’ is a question that we frequently hear being asked. Here we try to demystify the process and set out the benefits of having an independent survey done by a qualified surveyor with specialist and local knowledge.
Why Do I Need a Survey?
You may wonder why you need a survey at all? However, if you’re buying a house, you’re probably about to make the largest purchase of your life and a survey gives you vital information about a property and its condition before you buy. The average person only moves home every 23 years, and so it is not surprising that many buyers are unfamiliar about what is involved in obtaining a survey or valuation. At Avery & Co we understand the importance of providing proper advice from a reputable independent firm of Chartered Surveyors.
What is a Chartered Surveyor?
A Chartered Surveyor is a professional who has spent many years training to become a qualified member of the Royal Institution of Chartered Surveyors (RICS) and who must work to the highest standards of professionalism and ethical practice. If you wish to instruct a surveyor, we recommend that you ensure that they are a member of the RICS. Additionally if you also require a valuation, you should check that they are a Registered Valuer under the RICS Valuer Registration Scheme. All Chartered Surveyors must also be fully insured.
Beware! The difference between a Survey and a Valuation.
Although some survey reports contain a valuation, a valuation on its own is NOT a survey. For example, many people still incorrectly refer to a valuation carried out by their mortgage lender as a ‘survey’. Mortgage lenders often instruct surveyors to provide a valuation on a property to ensure that it is suitable security for lending. This brief report is for the lender’s benefit, and should not be relied upon by the buyer. In fact, a growing number of mortgage lenders are now using computers to calculate property values, and they will not therefore involve any physical inspection by a surveyor. Without an independent survey you cannot assume that any form of inspection is undertaken to check the property’s condition.
Why get an independent survey?
An independent survey will give you clear and impartial advice about the condition of a property, and may also help you avoid making an expensive mistake. It will offer peace of mind in the knowledge that a qualified and experienced Chartered Surveyor has checked the property on your behalf. Most surveys will include comments on any major defects or issues which you will need to be aware of. At Avery & Co we also ensure that we speak to buyers about any concerns they may have before inspection.
How much does a survey cost?
Not as much as you may think. An RICS Homebuyer Report with us will start at under £400, and when you consider that buying a home is the single most expensive purchase most people make, it is definitely a worthwhile investment. RICS research has found that on average home buyers save over £5,000 after having a survey (often by negotiating a lower purchase price).
How long before I get my report?
Avery & Co will normally provide you with your report within 5 working days of the date of inspection.
Can I speak with my surveyor?
Of course! We pride ourselves in offering a first class standard of service to all of our clients and customers. If you have any questions before, during or after the survey, we are happy to speak with you.
Will my surveyor have local knowledge?
Yes! All of the surveyors at Avery & Co are based locally. They live in the areas they cover, and know their locations extremely well.
How do I find out more?
You can call us on 0330 008 5040 (local rate) or by email on enquiries@averysurveys.co.uk. You could also have a look at our Facebook page. We are here to help.
