Valuations:

Properties valued include houses and flats, industrial and warehouse units, offices, shops, land, and yards.

Capital and rental valuations can be prepared for both landlords and tenants interests, with or without vacant possession. These can be required for all types of purposes such as proposed sales and purchases, lettings, borrowing money, company accounts, compensation, probate, taxation, The Court of Protection, matrimonial, buying out a partners interest in a property, investment and development appraisals.

Rental Valuation for Engineering & Welding Supplies ltd Hawkins Lane Burton

Valuation of proposed acquisition for private pension fund High Street Loughborough

All valuations are prepared in accordance with the Valuation and Appraisal Practice Guidance Notes published by the RICS to ensure consistency of approach. Standard RICS contracts of engagement are also used.

Valuations comprises of a short letter describing the property and the nature of the interest to be valued. Whilst at the property the surveyor will usually only take measurements and note the most obvious defects which can be observed by a quick walk around.

Surveys:

Defects in properties can cost many thousands of pounds to repair, and the cost of damage to goods caused by a defect or having to vacate whilst remedial works are undertaken can also cost many thousands of pounds. Even more importantly buildings and the materials and services within them can be very dangerous and even kill you. For these reasons if you are considering leasing or purchasing a property it is essential that it is surveyed before you commit yourself to a purchase or lease.

Home Buyers Surveys and Valuations

Easy to read jargon free standard ten page reports designed by the RICS and ISVA covering important defects which need to be attended to as a matter of urgency ,or are likely to have an effect on the property future salability. The report includes special sections covering:

· Significant movement of external walls and suspected foundation failure
· serious timber defects such as dry rot and woodworm
· Condensation, penetrating, and rising dampness.

These three factors have been found to cause potential purchasers most concern.

Other sections of the report cover: -

Construction, accommodation, location, chimney stacks, roofs, gutters, external joinery, external decoration, roof voids, ceilings, chimney breasts and fireplaces, internal walls, floors, internal joinery, decoration, cellars, electric's, gas, water, drainage and heating, external buildings, grounds and boundaries.

Urgent repairs, matters requiring further investigation and maintenance matters are summarised in a handy list.

There is guidance as to legal matters that your solicitor should be investigating such as right of way, rights to light and maintenance responsibilities for shared service, drives and walls etc.

There is also a summary as to whether the property is a good prospect for purchase, a valuation and estimate of rebuilding costs for insurance purposes.

This type of survey is suitable for most one to five bedroom properties built after 1850 and constructed of brick or stone walls with slate, clay or concrete tile roofs.

Building Surveys: (Erroneously known as Structural Surveys)

Carried out in accordance with the RICS standard terms of engagement. Suitable for all types of property but also including detailed matters and a greater description of the construction. It is likely to be needed for properties that have been extensively altered, are dilapidated, of unusual construction, very large or old, or if major alterations are required. Valuations are only provided at extra cost.

Structural Survey:

Normally carried out by a Chartered Building Surveyor or Structural Engineer who has been asked to investigate defects which have shown up in a survey or valuation, but which the cause of is not a immediately clear. Usually specific to certain elements of the property and limited to defects which the surveyor or engineer has been asked to investigate. If you need one of these you really ought to be considering if the property is really worth the extra fees. The defect is likely to reduce future saleability as many people will be put off by the defect and the property may be difficult to mortgage.

Sellers Survey

Likely to be made mandatory by statute. The government proposes that vendors will have to have a property surveyed before sale. The survey is likely to be in a standard format and will form part of a presale pack including deeds and searches. Surveyors will have to be accredited to ensure that the survey is to a standard that purchasers can rely on.