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Why Conduct a Survey Early?
- Prevent Delays: Identifying issues early helps you address them promptly, avoiding unexpected delays in your transaction.
- Reveal Hidden Problems: Our surveys uncover defects and maintenance needs that may not be immediately visible, enabling informed decision-making.
- Negotiate with Confidence: Armed with a clear understanding of the property’s condition, you can negotiate repairs or price adjustments effectively.
- Plan Ahead: Early insights into potential repairs and maintenance help you budget and plan for future costs.
Choose IQSURV for your homebuyers survey to ensure a smooth property transaction and avoid surprises. Contact us at info@iqsurv.co.uk or call us 020 3488 5826 Â to schedule your survey today.
Is a mortgage valuation the same as a survey?
Absolutely not! A mortgage valuation is just that, a valuation of the property commissioned by your mortgage or loan lender, and written purely for their benefit to assess the risk of their loan against the resale value of the property. A survey is written for you as the prospective buyer (or home owner), to give you the best possible assessment of the property’s condition, required repairs and maintenance, etc.
Level 2 Survey vs. Level 3 Survey: Understanding the Differences
Level 2 Survey (Homebuyer Report):
- Purpose: Designed for property buyers who want a detailed understanding of the condition of a property, focusing on visible and accessible parts.
- Scope: Provides a thorough inspection of the property’s main elements, including structure, roof, and services. Highlights any significant issues or risks.
- Detail: Includes a summary of the property’s condition, identification of major issues, and recommendations for repairs or further investigations.
- Suitability: Ideal for conventional properties in good condition where the buyer seeks an informative overview without extensive details.
Level 3 Survey (Building Survey):
- Purpose: Provides a comprehensive and in-depth analysis, suitable for properties that are older, unusual, or in poor condition.
- Scope: Includes a detailed examination of all aspects of the property, including structural components, hidden areas, and potential issues that may require significant repair.
- Detail: Offers an exhaustive report with a thorough evaluation of the property’s condition, detailed findings, and extensive recommendations for maintenance, repairs, or improvements.
- Suitability: Best for properties requiring a detailed inspection due to age, complexity, or suspected issues, giving buyers a complete understanding of all aspects of the property.
Our service offers a prompt, thorough, and competitive assessment that uncovers significant defects with the potential to impact a purchasing decision. Conducted by a certified residential property surveyor, it delivers a straightforward evaluation of the property’s condition, employing a straightforward 1, 2, 3 rating system and avoiding technical terminology for enhanced clarity.
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Property Inspection
Inspection by a qualified RICS surveyor
Summary
Concise summary and recommendations
Condition Ratings
Red / Amber / Green condition ratings for various elements
Risks
Advice on building and occupational risks
Building Elements
Comments on internal and external elements of the main building
Services
Observations on electrical, gas, water, heating and drainage elements
Maintenance
Repair and maintenance recommendations
Grounds & Outbuildings
Advice on building and occupational risks
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