Why do I need a Building Survey ?
Any property be it your home or a commercial building is a major investment, for which you will be wise to ensure that the building is structurally sound.
Where a mortgage is raised you will be asked by your lender to fund a Valuation Survey. Do not mistake this survey as providing a structural report. The Valuation Survey will purely confirm whether or not the building will provide your lender with adequate security for the loan and may not address building faults or defects if these do not affect your lender’s security, but any such faults or defects will affect the Property Owner.
There are different levels of Building and Structural Surveys from a Simple Overview, Valuation, Homebuyer's report through to an in-depth Building Report. The cost will vary depending upon the level of report required, the size of the building and its current condition.
RBC can discuss with you the appropriate level of RICS report, provide you with a competitive fixed price quotation and generally assist you in this area.
Remember that when the professional eye identifies risk elements, not only do you have an opportunity to renegotiate your purchase price, but you will also avoid additional expense to repair faults that were not your original responsibility. Under such circumstances the report can easily become a very sound investment.
We make no charge for an initial consultation.