RESIDENTIAL PROPERTY SURVEYS FOR BUYERS


Residential Property Surveys For Buyers


Residential Property Surveys For Buyers

For most people, a property is the most expensive purchase they’ll ever make. It’s therefore vital to make sure that the process goes smoothly and that the asset itself is in order.

A survey allows you to make an informed decision before committing to making the purchase.

At Townends, we work in conjunction with Tyser Greenwood Chartered Surveyors who are trusted experts in residential surveying solutions.

Tyser Greenwood offer a full range of residential surveying services, whether it’s a basic valuation, a detailed building survey, or even specialist work such as a probate valuation or a leasehold extension.

Introducing Tyser Greenwood Chartered Surveyors

At Townends, we believe we are the best across Surrey and London property market, so that means working with the best too.

Tyser Greenwood Chartered Surveyors’ proficient Central Support Team can guide you through the entire property surveying process, ensuring that you’re kept completely informed at every stage whilst also making sure that the legal commitments within Service Level Agreements are met.

It’s no secret that the surveying processes are some of the more complicated procedures involved in purchasing a property, and as frustrating as it can be, things are really out of the buyer’s hands as the processes are carried out.

However, Tyser Greenwood Chartered Surveyors’ internal audit procedures guarantee that both the Surveyors and the Client Services Team are delivering a totally professional and consistently high-quality service at all times.

Tyser Greenwood are also specialists in:

  • Building Surveys
  • Houses of Multiple Occupancy
  • Buy-to-Let
  • Leasehold Extensions
  • Freehold Purchase
  • Boundary Disputes
  • Capital Gains Tax
  • Probate Valuations

Trusting the professionals

Tyser Greenwood Chartered Surveyors’ has the track-record to reinforce its reputation. The team is RICS regulated and ISO9001 approved.

You’ll never get anything other than an honest, independent and detailed appraisal of the condition of your potential purchase.

Remember, it’s important to choose a property survey based on the condition of the property itself, not just on the cost of the survey. Tyser Greenwood Chartered Surveyors will help you decide which level of survey is most suitable for your potential property purchase.

Valuation

An accurate valuation of the property gives you an outline of the details of its specifications, features, attractions and general condition.

A valuation is essential if you’re borrowing from a lender, refinancing or just looking for an expert written valuation.

It’s important to bear in mind that a valuation doesn’t constitute a survey, but rather an assessment of the value security of the property for the benefit of the lender.

RICS HomeBuyer Report

The RICS HomeBuyer Report is suitable for residential properties, including flats, apartments, houses or bungalows which appear to be in reasonable condition.

It is not recommended for properties that may need extensive work, properties that are listed or properties with unusual construction features. Importantly, it’s primarily designed for houses and flats built within the last 175 years and constructed in a traditional style.

The standard report format you receive uses a clear ‘traffic light system’ to detail how urgent each matter is, red being serious and green meaning approved.

As a buyer, by choosing to carry out a HomeBuyer Report, you’re making your life simpler as you’re further empowered to make an informed decision about buying the property. This will evidently play a vital part in any offer negotiations that may well be necessary.

The HomeBuyer Report focuses on serious and urgent matters including:

  • The general condition of the property
  • Any major faults
  • Urgent and significant matters that need assessing before exchange of contracts including recommendations for specialist inspections
  • Wall dampness tests and results
  • Comments on damaged timbers including woodworm and rot
  • Recommended rebuilding cost for insurance purposes
  • The value of the property on the open market

To have a full understanding of the condition of the property you’re hoping to buy, having this survey carried out is highly recommended.

RICS Building Survey

If you are considering purchasing a property that is listed, a RICS Building Survey is the right alternative. This option is also used if your potential purchase has unconventional construction, is in need of any renovation or you must carry out major works in order to make the property habitable.

A RICS Building Survey is extremely thorough. It provides detailed advice in relation to any possible issues. Unlike a HomeBuyer Report, a Building Survey does not include a valuation. If you do require a valuation, it can be provided for an additional fee.

Most importantly, a Building Survey will uncover any defects in the property, diagnose the cause of them, and if required, include monetary estimates to remedy the issues.

They are suitable for all types of residential property and specialise in:

  • Older houses built before 1850
  • Listed properties
  • Property of non-traditional construction regardless of its age
  • Properties that have been substantially extended and altered

A RICS HomeBuyer Report will include details of:

  • Major and minor faults
  • The implication of faults and a diagnosis of the cause
  • Results of testing for damp
  • Comments on damaged timbers including woodworm and rot
  • Details of the construction of the building
  • Information on the location
  • Details requiring further legal investigations

The complete surveying solution

In order to go into more detail regarding anything you’re still unsure about, feel free to come into any one of our branches to speak to one of our friendly team members.

We’d be delighted to run through anything that needs clarifying, whether it’s about the somewhat complex surveying legalities that need to be carried out, or even if it’s just to browse homes in our property portfolios covering the local areas around London and Surrey.

We also offer a number of other specialist property services through via our wider team. Contact your local branch today for more information about the following: