Rainfords Home Purchase Survey
This is Rainfords intermediate survey (similar to the RICS Homebuyer survey) but is much more detailed than the basic valuation. The homebuyer type survey is for your own benefit rather than the mortgage lender's. A large majority of people opt for a homebuyers surveywhen buying a new home, and it is definitely worth it to be sure that your new home is in good condition. It allows you to evaluate whether you want to continue with the purchase, and to consider any urgent problems with the property. The homebuyers type survey is recommended for houses that are under 120 years old, conventionally constructed, and in generally sound condition. While less comprehensive than a full structural or building survey, a homebuyer type survey report gives a good indication of the state of the property and its level of repair and maintenance. The surveyor reports on all visible parts of the property, such as the condition of the roof, pointing out particularly any areas that will need work straight away or at a later date. Further specialist surveys will be recommended if required. Any issues to be discussed with your solicitor, such as parking spaces or rights of way, should be noted in the report. An estimation of the value of the property is also included. The contract will specify exactly what will be examined.