If you’re planning to sell or buy a property and want to assess its value, you’ve probably been advised to get a chartered surveyor to do the job for you. For some people, this is an entirely new concept, and if you’re one of them, below are some of the things that you’ll need to know about surveyors.
What are chartered surveyors, and what do they do?
Experts like Gerald Eve chartered surveyor specialise in valuing a property and assessing it for defects, and if there are potential issues and problems that could arise in the future. After inspection, they will produce a report so you or a potential buyer can gauge if a property is a good investment or not. This report will also give indicate any defects or potential problems such as structural issues and damp.
Surveyors will have a walk around the property to assess areas and identify existing and potential problems. They will write a report after it’s all done so potential buyers and sellers can make an informed decision if they want to go ahead with purchasing or selling the property. It’s also an excellent tool to have if you’re going to renegotiate the price. If you’re a buyer and the report says that you could spend thousands on future repairs, you can always negotiate a deal for a better price so you can get the best value for your money.
When do I need them?
The best time to hire the services of a chartered surveyor is when you’re planning to buy a house or property to invest in. You should only do it when you’re nearing the commitment to buy, though, instead of paying for them to inspect multiple properties to help you decide. If the results turn out to be enough reason for you to turn down the purchase, it will save you from committing to buying a property only to find problems arising in the future.
What are the different reports they make?
Surveyors do different types of report, all depending on the inspection that they do. Building surveys are more detailed and suitable for unusual and old properties, or for places that have undergone significant construction work. A home buyer report, on the other hand, will suffice if you’re just buying or selling a house. Sellers usually include these reports when posting the property on the market, and potential buyers request this before making the final decision to buy.
Chartered surveyors are accredited by RICS; they are qualified in civil engineering, construction, surveying, and building engineering. You can be sure that they are up to date with new mandates because they undergo professional development courses to retain their certification.
Buying or selling a property is a daunting process, but you don’t have to be overwhelmed by it. By getting the proper assessment by a certified chartered surveyor, you can be sure that you’re getting the best value for your money whether you’re a buyer or the seller.