Buying your home is probably the biggest financial commitment you will ever make and therefore it is essential that you get it right. According to RICS research over a fifth of buyers who did not commission a survey are left with a property they regret buying and an average repair bill of £5,750.
At Phillips Smith & Dunn we have qualified and experienced surveyors who can provide you with a survey to meet your needs and give you peace of mind. Our Surveyors cover the whole of the North Devon area.
This is a basic inspection of the property which is mainly concerned with the value. Valuation reports can be provided for a variety of different purposes.
This is a concise and user friendly survey which aims to provide you with an overview of the properties condition and potential issues.Click here for a full description
This is the most comprehensive survey we offer which provides detailed advice on the construction and condition of the property. This is most suitable for older, more unusual properties.
Our fully qualified RICS staff provide valuations for a range of different clients including solicitors and professional advisers, banks, pension funds and private individuals. Our range of valuations include: Probate/ Inheritance, Taxation, Matrimonial, Help to Buy settlements, Development appraisals, Open market value, Rental valuations, Deeds of variations, Easements and rights of way, Compensation claims
All valuations are undertaken in accordance with the RICS standards, unless otherwise stated. To request a quote for a professional valuation please contact us.
The Home Buyer Report is a user friendly and concise report which offers an overview of the property including external and internal elements, services, grounds and other legal matters. Each section of the property is graded using a traffic light system highlighting which items require the most urgent attention. This report is most suitable for conventional properties built in the last 100 years or so. The Home Buyer is an ideal survey for home movers who want additional confidence in what they're buying.
The Home Buyer report can also be upgraded to provide and market valuation and reinstatement cost for insurance purposes.
Building Surveys are the most in-depth and comprehensive survey we offer. It aims to provide you with detailed information about how the property is constructed, defects and advice on remedial works and possible repercussions. These surveys are best suited to older, more unconventional properties.
To see a list of features, view in landscape.
|Service Features||RICS Homebuyer Report||RICS Building Survey|
|Describes the construction and condition of the property on the date of inspection|
|Aims to identify any problems that need urgent attention or are serious|
|Aims to identify things that need to be investigated further to prevent serious damage|
|Aims to tell you about problems that may be dangerous|
|Aims to show up potential issues and defects, before any transaction takes place|
|Aims to help you decide whether you need extra advice before committing to purchase|
|Aims to enable you to budget for any repairs or restoration|
|Aims to advise you on the amount of ongoing maintenance required in the future|
|Provides a reinstatement cost to help you avoid under or over-insurance|
|Provides a market valuation|
|Aims to establish how the property is built, what materials are used and how these will perform in the future|
|Aims to describe visible defects, plus exposing potential problems posed by hidden defects|
|Aims to outline the repair options and give you a repair timeline, whilst explaining the consequences of not acting|
|Where practical and agreed, provides an estimate of costs for identified repairs|
|Provides specific comments on energy efficiency|
The cost of the survey will depend on the level of survey you require, the type of property and its location. Surveys start from £200 but we always provide our clients with an upfront quote before we proceed.
Our aim is to carry out the survey as quickly as possible so you can make an informed decision on how to proceed. We usually issue the final report within 3-5 days of our inspection, (5-7 days for building surveys) but will also give you a verbal update within 24 hours to run through our main findings.
The common misconception is that having a mortgage valuation will be ‘good enough’. This is simply not true. Bear in mind this is not primarily made for you. It's used by the lender to assess suitability for a mortgage. There's no detailed information on condition and buyers can still get caught out with the costs of unanticipated repairs - even major defects - after they're committed to the purchase.
An independent survey is essential to make an informed decision. Nobody buys a house without legal advice and you shouldn't buy one without professional advice either.