A homebuyer survey and valuation provides potential buyers with a report on the condition of the property that they're considering purchasing. It includes a valuation and an evaluation of the building and its condition, enabling them to make up their minds as to whether or not to make an offer on the property and to take an informed decision about its real value and the cost of any work that may need to be done. A homebuyer report inspection includes an assessment of:
the property's overall condition
the market value of the property
any damp proofing, insulation and drainage and the condition that they're in
the results of any tests carried out to detect dampness
any defects to accessible parts of the property that may affect value
urgent matters needing evaluation prior to signing any contracts
The chartered surveyor will inspect as much of the building as possible, although he or she won't check any area of the building that is covered, unexposed or hazardous in accordance with standard inspection procedure. A detailed inspection report will be drawn up and sent out to the client as soon as payment has been received.