CHARTERED SURVEYORS - CONSULTANTS - VALUERS
The Homebuyer's Property Survey & Valuation Report is suitable for most residential property of a conventional type and construction.
The Report is in a structured easily understood format combining the most popularly demanded aspects of the various formats of the Royal Institution of Chartered Surveyors (RICS) Homebuyer Report formats which have appeared in recent years and with consistent Terms of Engagement.
Our main objective in providing the Homebuyer's Property Survey & Valuation Report is to assist the prospective homebuyer in making a decision as to whether or not to proceed with the purchase. We give our professional opinion on the particular features of the property, which may affect its value and future marketability, and also consider whether we view the proposed purchase price to be realistic.
A Walker Jones Homebuyer's Property Survey & Valuation Report is more concise than the Walker Jones Building Survey & Valuation Report and is priced at a lower level.
The Royal Institution of Chartered Surveyors (RICS) of which we are a Member Firm, outline three ‘Levels’ of Survey service that RICS Members regularly offer (Levels 1, 2 or 3) and details can be obtained at www.rics.org/conditionsurveys. RICS Members are however free to market their own survey product which may vary in format, scope and content to take account of Client requirements. Different Firms carry out different formats of Home Buyer ‘type’ Reports which are generally regarded as ‘Level 2’ under the RICS outline guidance. The Walker Jones report that most closely equates to a Level 2 report is our product known as the ‘WalkerJones Homebuyer’s Property Survey & Valuation’. This report incorporates the most popular and most ‘Client requested’ information within our Reports and combine the ‘best’ aspects of past RICS formats (the current RICS ‘traffic light’ format Level 2 report is not undertaken because clients find this lengthy and confusing). Unlike most other ‘Level 2’ type reports the Walker Jones report also gives general guidance on the likely contingency figure to bear in mind in a decision to purchase on account of likely costs of repair. The ‘WalkerJones Homebuyer’s Property Survey & Valuation’ is not suitable for all property and is less detailed and in a different format to our other product the ‘WalkerJones Building Survey & Valuation’ (which is suitable for all property and can be adjusted to individual requirements). The report none-the-less describes the condition of the main elements of the property and other issues to assist in your decision making process.
The Service: The Service comprises an inspection of the property followed by the preparation of a ten main section Report which includes a valuation and advice on cost/value implications of any essential repairs. The objective is to provide sufficient information to enable reasoned and informed decisions to be taken as to whether to proceed with a purchase, at what price and on the basis of certain repairs and recommendations. The general condition of the property is assessed together with issues that affect present value and future re-sale potential. The Report focuses on Urgent and Significant issues; minor defect not significantly affecting overall value may not be reported. The ‘WalkerJones Homebuyer’s Property Survey & Valuation’ product is only suitable for averaged sized dwellings of a conventional size and style and of standard/traditional construction. If a property does not meet this criteria then the ‘WalkerJones Building Survey & Valuation’ product is likely to be the more suitable.
The Inspection: We carry out a general surface inspection of those parts that are readily accessible from ground and floor levels without risk of injury or damage and within the scope of use of a 3m. ladder, binoculars and a damp-meter. Furniture, floor coverings and contents are not moved and no parts are forced open. The Report cannot be taken as a Guarantee that other defects do not exist. A visual inspection of accessible services inside (but not outside) the dwelling is undertaken but Chartered Surveyors are not experts in these fields and cannot test the efficiency of electrical, gas, drainage, plumbing, heating or security alarm installations. Building Regulations and regulations/standards in respect of service installations vary over time and we will not in our report give any undertaking or confirmation of compliance with such regulations/standards but we may express doubt of compliance. The condition of flues, boilers and appliances cannot be reported on but recommendations may be given. We will not research the presence of contamination or act as an Asbestos Inspector and we will draw the attention of your Legal Adviser to matters such as apparent rights of way, easements, boundary issues, or of possible breach/non-compliance with Building Control/Planning Permissions/or Building Regulations upon which further enquiries should be made
Valuation & Reinstatement cost: A Market Valuation will be provided which is an estimate of the price at which the property would exchange between a willing seller and buyer based on an arm’s length transaction between unconnected parties and after proper marketing. Various assumptions will be made in the definition of market value and the purposes for which our stated value may be used or not used. An estimated Insurance Re-instatement cost will also be provided which is the cost of rebuilding in its current form including costs of rebuilding any Garage or permanent outbuildings and boundary structures plus professional fees.
We offer an extensive range of Surveys, Valuations and Professional Services.
Our service is available throughout North and West Yorkshire, North Wales, West Cheshire, North Shropshire and Wirral.
For North Wales, Chester and North Shropshire
3 Chapel Street Square, Llangollen, Denbighshire LL20 8NP
Call: 07850 933015 Or: 07546 809200
For North Yorkshire
46 Westminster Road, York, North Yorkshire YO30 6LY
Call: 07850 933015 Or: 07546 809200
Walker Jones is an RICS Registered and Regulated Firm.
(RICS Firm 007425)
Peter Walker is RICS Registered Valuer No 0058969.