Homebuyers Survey
Homebuyers Survey & Valuation
These reports are prepared primarily for your benefit and are more comprehensive than a Market Valuation. Set out in standard formats they require the surveyor to comment on the condition of the main elements of the structure as visible to him/her at the time of inspection. This includes the walls, roof, gutters/drain pipes, joinery and decoration. Their main aim is to give the house buyer professional advice about basic faults and what the property is worth in the open market.
What is checked?
More detail is checked than a Market Valuation. For example:
Roof . . . is it well built?
Gutter & Drain Pipes . . . Are they defective? Are they due for replacement?
Joinery & Decorations . . . Is there evidence of woodworm? Will the outside paintwork need renewing?
Open Market Valuation
This will reflect local market conditions and any special factors.