Stilings Chartered Surveyors offer House Buyers
two choices or options beyond the simple valuation inspection
carried out on behalf of the mortgage lender for which the buyer
pays a fee but which tells them very little, as it is intended
to answer the lenders questions concerning loan security. These
choices are the recently introduced Homebuyer Survey and Valuation
and the traditional Building Survey (which used to be called
a Structural Survey).
The Homebuyer Survey and Valuation (HSV) is
an economy package intended mainly for use on modem, straightforward
properties, in reasonable condition. It is like a basic MOT
test for a car in that it will focus on essentials, defects,
faults and problems within the building which are urgent or
significant and which should influence the decision to buy
or not to buy at the agreed price. |
The Building Survey goes into
greater detail within the inspection and the report, incorporating,
in addition to those items of the HSV, detailed notes on the
construction of the property and highlighting other matters
of likely future maintenance or repair. A Building Survey is
really the only option if the property is of an unusual construction
type, has been altered significantly or, for the property where
the buyer intends to make alterations or have renovations carried
out.
The HSV does include a valuation of the property,
whereas the Building Survey does not, however the Building
Survey, because of its greater unrestricted scope does give
Stilings greater freedom to report in depth, which is not possible
within the pre-formatted HSV. |
