Your home is one of the largest purchases you will ever make, so you want to be able to proceed in confidence that there are no nasty surprises, and the only way of doing this is by commissioning a survey of the property by a RICS qualified chartered surveyor.
If you are buying with a mortgage, your lender will carry out a valuation of the property but be warned that this does not replace a survey – it merely tells your lender whether or not the property is reasonable security for the loan. Often a mortgage valuation is carried out without anyone even visiting the property.
Instructing your own RICS survey will tell you the actual condition of the property and highlight any potential problems for you and your legal advisors. This can provide you with confidence in your purchase and, if the survey does uncover any issues, can be used to negotiate with the vendor.
Homeowners face an average repair bill of £5,750 once they have moved into their new home and often the liability can be much more. A RICS Home Survey will highlight potential problems, arming you with everything you need to make a more informed purchase and avoid expensive surprises. Our video explains 8 reasons why you need a property survey.
Choosing the right survey will help highlight any serious problems with the property and advise you of the specific risks. There are different types of survey that are better suited to different types of property and all of our surveys follow the new RICS Home Survey Standard, which features an improved structure and better use of photos to provide clearer, more accessible information to you.
Information is power and so the earlier in the process of buying a property that you book your survey, the better equipped you will be to make a more informed decision and it could empower you to negotiate a better price with the vendor.
If you own a leasehold property, or are thinking of buying one, you can increase its value by extending the lease on the property. The right experts can make the process straightforward and you can use our free calculator to get an estimate of how much it would cost to extend the lease on your property.
At Arnold & Baldwin, our vision is to protect your investment. Our team of honest, approachable experts specialise in property surveys and valuations throughout London and the South East, providing expert advice that gives you confidence in your investment. We deliver expert knowledge with accuracy, care and diligence, and support all of our surveyors with market leading technology.
Working with more than 200 lending institutions, we understand the requirements of lenders and investors, as well as the requirements of individuals and families embarking on a home move. Big enough to matter, small enough to care – in one year, we inspected over 6,500 properties, with a value in excess of £3.2bn.
The Royal Institution of Chartered Surveyors (RICS) promotes and enforced the highest professional qualifications and standard in the development and management of land real estate. If you are booking a home survey, make sure you choose a surveyor that is regulated by RICS.