homemover surveys : diagnostic, bespoke, property health checks, home buyer, full building, structural, further reports

Valuations via RICS members

PLEASE REMEMBER ... A VALUATION IS NOT A SURVEY!

Rarely will the condition of the property or it's fixtures and fittings create a positive or negative effect on the valuation figure. However, if elements of the property are a cause for concern, the Valuer may request further reports before finalising their thoughts. However, just because a Valuer has requested further information to complete the valuation, does not mean that these are the only issues with the property. Only that these these elements hold sway over the valuation provided.

Mortgage Valuation

A limited check carried out on behalf of a mortgage lender to spot anything that affects the security of the loan. In most cases you will not have any redress on the Valuer if a physical defect has been omitted from the valuation report.

NOT RECOMMENDED AS A STAND ALONE SURVEY

Property / Land Valuation

When a purchaser is buying via a non-conventional lending arrangement; e.g. lending via a family member or using cash reserves. They may wish to comfort themselves with a valuation of the property's (or parcel of Land's) market value. These valuations are more in depth than a standard mortgage valuation and include information on the size of the property and recent comparable property sales upon which the market valuation has been based.

These stand alone valuations can also be useful for defining the value of property where disputes around the value need to be settled in court. When booking the valuation, make sure that you stipulate that the report is required for court purposes as the content of the valuation will be slightly different. Please also be aware that if the Valuer is required to attend court, additional charges for their time will be made.

USEFUL IN THE ABOVE CIRCUMSTANCES ... BUT NOT A SURVEY

RICS (Chartered) Surveys

The Royal Institute of Chartered Surveyors is a membership organisation that looks to achieve standardisation of property reports across all it's members. Here is what the RICS say about the reports offered by their members

RICS Condition Report

Shows the condition of the property, offers guidance to legal advisors and highlights any urgent defects. Typically the lowest priced of the surveys, it is aimed at conventional properties and newer homes.

HOMEMOVER ALTERNATIVE - Similar to the Homemover Basic Survey.

RICS HomeBuyer Report

Includes all the features of the RICS Condition Report, plus a market valuation and insurance rebuild costs. It also includes advice on defects that may affect the value of the property with repairs, and ongoing maintenance advice.

HOMEMOVER ALTERNATIVE - The Homemover Property Health Check is a good alternative for those looking for a mid-level report without a valuation.

RICS Building Survey (previously known as a “Full Structural Report”)

Essential for larger or older properties, or if you’re planning major works. The most comprehensive report provides you with an in-depth analysis of the property's condition and includes advice on defects, repairs and maintenance options.

HOMEMOVER ALTERNATIVE - The RICS Building Survey is a very good report and provides the purchaser with good understanding of the property and any issues that are present. Homemover's Diagnostic Survey can provide more useful information than a Building Survey if the client requires prices for essential work at the property. However, for older properties that do not use modern methods of construction, the Building Survey is an excellent choice.