Choose the Home Buyers Report if buying or selling a conventional house, flat or bungalow, built from common building materials and in reasonable condition.
Report includes:
• an insurance reinstatement figure for the property;
• a list of problems that the surveyor considers may affect the value of the property;
• advice on repairs and ongoing maintenance;
• issues that need to be investigated to prevent serious damage or dangerous conditions;
• legal issues that need to be addressed before completing your purchase; and
• information on location, local environment and the recorded energy efficiency (where available)
Choose the Building Survey (formerly called a structural survey) if you’re dealing with a large, older or run-down property, a building that is unusual or altered, or if you’re planning major works. It costs more than the other reports because it gives detailed information about the structure and fabric of the property.
The Building Survey uses the same condition ratings as the HomeBuyer Report. It also includes:
• a more thorough inspection and detailed report on a wider range of issues;
• a description of visible defects and potential problems caused by hidden flaws;
• an outline of repair options and the likely consequences of inactivity; and
• advice for your legal advisers and details of serious risks and dangerous conditions.
A clear, reliable and thorough Buy-to-Let Building Survey helps you Understand the condition of the property you are about to buy. Understand the items where a potential impact to your tenants may exist. Know where the problems are and where they might be in the future. Consider the implications of repair costs on the price you are paying.