Why Choose Gold Stone Chartered Surveyors
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 RICS survey makes good sense – and could save you thousands of pounds and will give you peace of mind.
Whether buying, renting, or selling a property, a RICS Survey from Gold Stone Surveyors will provide you with invaluable expert advice on the condition of your property.
A RICS survey will highlight potential problems and getting one done can help you avoid the average £5,750 repair bill that homebuyers face once they have moved into their new home.
Buying a Property?
It’s 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 RICS survey will tell you the actual condition of the property and associated repair costs. That’s vital information that can be invaluable during price negotiations, and will also help you avoid expensive surprises after you’ve moved in.
Selling a Property?
A RICS home survey can help you prepare for selling your property. It will show you any problems that may delay your sale or cause price reductions later in the process. A survey of the current condition of your home will warn you of defects and help you avoid escalating repair and maintenance costs in the future. It will also be extremely useful if you’re thinking of remortgaging.
It’s 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
RICS Accredited Surveys
Condition Report
Survey level 1 gives a snap-shot assessment of the condition of a property, without any advice. Like the other RICS surveys, it is based on a thorough visual inspection, but in this case it focuses purely on the condition of the property.
Homebuyers Report
The survey level 2 report is the most popular residential survey, which is suitable for most traditionally built (brick and tile) properties built after 1945, which have not been significantly extended or altered, and are found to be in a reasonable condition.
Building Survey
A level three survey is a more thorough and detailed survey and will address matters such as the materials used for each part of the building, defects and remedial options as well as issues related to the future maintenance of the property.
Protect Your Biggest Investment.
Buying a property will probably be the biggest financial investment you ever make and it is not without risk. Getting a survey from a RICS member will help highlight any problems that could lead to expensive surprises later. You can also feel assured that the service you receive will be impartial and reliable.
What will you get from having a survey conducted by a RICs member?
- Peace of mind that you know the property and any risk it may carry
- Confidence that you can make an offer that reflects the true circumstances of the property.
- Knowledge that your surveyor will follow the RICS code of practice: a high-quality, reliable cost-effective service.
- A clear understanding of your property thanks to a report written in plain English with simple colour-coding to illustrate the surveyors findings.
A survey should not be confused with a mortgage valuation report. This 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. A recent survey showed that of the 1 in 4 who relied solely on a mortgage valuation report, 25% needed to undertake unplanned work within the first year, with an average cost of over £1100 (RICS/GfK Business research).