RICS Building Survey Explained
Buying a home in London can seem like a dream come true, but it’s one that can quickly turn into a nightmare if you’re faced with structural defects, roof issues or an abundance of other common problems. Instead of potentially setting yourself up for financial hardship, let our chartered surveyors uncover the reality of the property’s condition by performing a comprehensive building survey.
Faulty drainpipes, pitched roofs and structural defects are just some of the problems that chartered surveyors uncover frequently, yet as many as 80% of homebuyers still neglect to have properties surveyed before entering into a long-term financial commitment.
If you’d rather join the savvy investors who protect their investment and their future, you should consider calling our qualified RICS surveyors for a building survey in London. Obtain a free quote online or get in touch with our professionals today.
How much does a building survey in London cost?
The cost for a building survey in London varies depending on the size of the property, but the present starting price is £650. Some people rely on mortgage valuations to gain an insight into a property’s condition, but these brief reports merely exist to help lenders adequately secure their loans. Unlike a comprehensive building survey, mortgage valuations don’t detail the full extent of problems within a property or provide a cost estimate for any required repairs.
Our Full Building Survey is the most comprehensive report we provide, featuring written reports, photographs and quotes for any required works. Our chartered surveyors use advanced equipment, such as Pole Cams, to inspect every accessible nook and cranny of the property and provide reports that detail:
- Areas of Movement
- The Structural Condition of the Building
- Timber Defects
- Roof Structure
- External Walls
- Services (Gas, Electricity, Water, Drainage, Heating)
Is a Building Survey in London a worthwhile investment?
For as little as a few hundred pounds, a building survey can identify damages that could cost thousands to remedy and help you gauge the likelihood of issues arising in the future. In the process, you’ll gain the ability to reduce the asking price significantly.
Building Survey Example Report
Click on the button below to download an example of the typical Building Survey report that we produce.
What are the benefits of a building survey in London?
Obtaining a Full Building Survey for a London property gives you:
- A peek into the future
Our detailed reports help you save money in the long run by highlighting even seemingly minor issues that could exacerbate and become costly to repair if neglected.
- A comprehensive insight into a property’s condition
You don’t need to risk borrowing hundreds of thousands (or even millions) of pounds to buy a home that could prove to be a poor investment because a building survey details the condition of the roof, timber defects, all internal and external areas and more.
- A powerful bargaining chip at the negotiating table
Not all problematic properties need to be avoided, but you need to know whether the asking price is a true reflection of the home’s value. You could secure a property for much less than its asking price by highlighting the areas which require attention.