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Finding Issue Prior Property Buying
February 14, 2017in Uncategorized by Adam

Finding Issue Prior Property Buying

One of the most alarming facts about the property market in the UK at the moment is that large numbers of people are purchasing properties without first commissioning a professional building survey. Many homeowners have also revealed they were unaware of the value of a survey before they bought their property. The result is that many people buy what they believe to be their dream home but which turns out to have concealed flaws. A building survey is essential as it highlights any structural issues and the presence of any dangerous materials in the building. This information can greatly influence your decision whether to buy or not.

As a homebuyer, your survey will provide you with many advantages. Buying your first house can be a daunting process, but a survey can prove very reassuring. The information revealed can facilitate negotiation of the asking price and prevent nasty surprises such as dry rot and rising damp making an appearance when you are settled in.

If a survey reveals that work needs to be carried out to improve the property’s condition, you have two options. You can either ask the owners to take the required amount off the asking price and have the work done yourself, or you can ask them if they would be willing to rectify the issue before you continue with the transaction.

A building survey will provide you with comprehensive analysis of older or listed properties. If a building has been standing for many years there is significant potential for problems and it is in every buyer’s interest to identify them at the earliest possible point.

A survey consists of an entire visual inspection and a full check for dry rot and woodworm. Damp levels will also be checked. Surveys also include a full assessment of floors, walls and foundations as well as door and window frames. All gas, electricity, drainage and plumbing systems will be inspected but safety tests will not be carried out. All external features will also be checked including fences and driveways.

We are conscientious surveyors and we offer thoroughly professional surveys along with value for money. As reputable building surveyors in Maidenhead we can be relied on for valuations, surveys and appraisals of both domestic and commercial properties.

Re-evaluating RICS Surveys
February 14, 2017in Uncategorized by Adam

Re-evaluating RICS Surveys

RICS is planning to introduce changes to their Home Buyer Report (HBR), Condition Report and Building Survey. Currently only the first of the three includes a valuation to advise buyers about the current market value of the property. The plan is to start offering a survey only version alongside this so that surveyors and consumers have greater choice. Alternate versions of the other two types of survey will also be made available so people will have the option to choose either of the three with or without a valuation in the future.

The changes will be beneficial to RICS members and will remove a potential barrier to businesses. In order to provide a market valuation, a member needs to be a Registered Valuer. This puts limitations in place and means that only certain people could conduct a Home Buyer Report. The change means that surveyors unqualified to offer a valuation will be able to provide the HBR alongside the other two types of survey.

Surveyors who are Registered Valuers will be able to continue to provide HBRs with valuations in the same way they currently do. Additionally they would have the option to include a valuation in documents when they conduct a Condition Report or a Building Survey if they chose to provide it or a customer requested it.

RICS has been reviewing their surveying services to ensure they satisfy the needs of the market and consumers for a number of months. The changes are designed to update and improve the services to achieve this. A public consultation is currently ongoing to allow people to share their insights into the proposed changes. It will run until 31st January.

As a professional building surveyor in Slough, we have provided property surveys and valuations for many years, serving both lenders and private individuals. We are committed to offering the highest level of service each time and providing impartial, honest assessments of properties throughout the entire region. We always make sure to stay up to date with the latest changes in the surveying profession.

Checking Subsidence Signs
February 14, 2017in Uncategorized by Adam

Checking Subsidence Signs

Subsidence is one of the most important problems to look for before you purchase a property. This issue can be hugely expensive to repair and could potentially require the building to be demolished. When you get a Home Buyer Report or a building survey, the surveyor should always check for signs of subsidence, including inspecting any cracks. If the structure is subsiding, it is crucial to know exactly what you will be getting into if you go ahead with the purchase.

Finding cracks in a property can be alarming, but it is not always an indication of subsidence. In the best cases they are caused by settlement, or the compression of the soil beneath the property. This generally occurs after construction and the ground will eventually stabilise once the soils are suitably compacted. The movement is classed as subsidence when it is caused by reasons other than this natural compaction of the soil, such as the presence of voids, sub-soil disturbances and when the structure is built on tipped materials.

If your building surveyor indicates that cracks could be caused by subsidence, you may need to arrange to monitor the property for a period of time to make sure the problem is not ongoing and that cracks aren’t growing at a rapid rate. If this is happening, it is likely that major repairs are needed on the property.

At Patterson Francis and Associates we can provide you with a highly trained building surveyor to inspect your Reading property. Our building surveyors are fully qualified and will provide you with the information you need to buy property with confidence.

When we deliver our report on the condition of a property, we will highlight any repairs we feel are urgent. When it comes to subsidence, we will provide an estimate of the repair cost so you can get an idea of how much you will need to invest to correct the problem. You can then factor this into your offer if you do want to go ahead with the purchase. If you have any questions about subsidence or would like to arrange a survey please contact us.

Investing Initial Property Surveys Save Thousands
February 14, 2017in Uncategorized by Adam

Investing Initial Property Surveys Save Thousands

In the last few years there has been a rise in people skipping full building surveys in an effort to save money and raise enough cash to buy a home. The Royal Institution of Chartered Surveyors has warned of the risks homeowners take by failing to have their new homes thoroughly inspected.

One in five of the people who opt out of structural surveys find themselves facing unpleasant surprises at a later date, with more than 15% of new owners spending £12,000 on average to rectify the faults that they initially failed to look for. Properties may look incredible at first sight, but there can be all manner of unseen flaws, from leaking joints in central heating pipes to dangerous electrics and wet rot in the floors.

Pressure on family budgets is a big contributor to the reluctance to carry out proper surveys, but the fact is that the early outlay can save people thousands in the future. Entering a property deal with the knowledge that the building is sound is valuable and highly cost-efficient.

A complete inspection consists of an assessment of all accessible and visible structural components. Older buildings are particularly susceptible to problems and a full survey is essential. By inspecting the property’s structural integrity we can identify any movement in the walls and foundations. The roof will also be fully inspected for cracks and leaks.

Surveys also look for woodworm, damp and dry rot as well as check condensation levels. Gas, electricity and plumbing systems will be visually inspected as well as windows, doors and hinges. Driveways, paths, fences and other exterior features will also be checked.

If there are any faults and issues lurking you can be sure that a building survey will discover them and help you avoid buying a property with the potential for further decline. By neglecting to commission a survey homeowners can end up with a home buying time bomb on their hands. People can find themselves stuck with houses they can neither sell nor afford to fix.

A survey can highlight all issues and help you renegotiate on the price of the property. If you are in need of a building surveyor, we can provide you with professional, affordable and dependable assistance. We are dedicated to providing a valuable service throughout Maidenhead and the surrounding areas, and our customers can have complete confidence in our comprehensive building surveys and home buyer reports.

Survey Interests Protection
February 14, 2017in Uncategorized by Adam

Survey Interests Protection

Buying a property is a major investment and could provide fantastic returns in the future, whether you are looking for a home to live in for the next twenty years or one you can renovate and return to the market quickly. In either case, the buyer needs to be careful to inform themselves about what they are getting into with their chosen property. To do this they can commission a survey before signing any contracts.

Surveys give buyers a great deal of relevant and useful information about a property they are interested in buying. There are three options to choose from, but most people will opt for either a Home Buyer Report or a Building Survey. A valuation of the property can also be done, either on its own or alongside the other two surveys.

Home Buyer Reports are perfect for newer properties and will highlight any issues with the condition or maintenance of the property. The information in the report will help you to get an idea of what work is needed so you can factor this into the price you are willing to pay.

Building surveys are more comprehensive than Home Buyer Reports. This makes them well suited to older properties that may have more issues due to their age. The survey will give you an idea of how much you will need to spend on the property to get it into top condition, including estimate costs for each repair.

It is wise to have a survey done after you register your interest in a property and make your initial offer. If the offer is accepted, then you are in a favourable position and can make the investment in a survey. Once you have the report you can renegotiate the price if you discover any big problems that need attention. Alternatively, the seller may opt to pay for the repairs themselves.

We are committed to providing honest, impartial advice about every property we inspect in the Slough area. Clients can call on us for a Home Buyer Report or a Building Survey depending on their needs. The inspection will be completed by a trained specialist and all reports are presented in RICS format, with clear and concise information to help you make informed decisions.

Providing Valuations Without Bias
February 14, 2017in Uncategorized by Adam

Providing Valuations Without Bias

It is widely known that the present day property market in the UK is very healthy. The level of demand for property exceeds the supply, which means sales are normally negotiated and settled in a quick and amicable manner. In order to achieve optimum efficiency, it is important to have a fair and accepted frame of reference in place within the market. Accurate and transparent property valuations will allow negotiations of sales to progress in a positive way. As leading providers of valuations and home buyer reports in Reading, we are trusted for honest and objective property valuations.

There are a number of instances where people may assume that the valuation can be left to the estate agents handling the sale, particularly those who are selling a property for the first time. This is an approach which one must follow with care and consideration. In terms of property, the person responsible for the sale cannot be regarded as completely objective. Allowing the estate agent to exclusively value a property and set the price can carry risks. On the one hand, they could set the value far higher than it should be as a means to impress the seller. By the same margin, they could also set a valuation far too low to ensure a faster sale.

An independent, fair and objective property valuation is essential for quick and successful sale negotiations. If both the buyer and the seller have confidence in the validity of a valuation and accept the professional report, then fair discussions can take place. Over the years, our property valuation reports have allowed for swift, professional and mutually beneficial negotiations and sales to take place.

Our property valuations are also used for review purposes by lenders. As we are trusted for fair and accurate valuation reports, financial institutions offering mortgages trust our findings when determining whether or not the purchaser is making a reasonable offer, and if the amount to be loaned will be sustained in terms of the long-term value of the property.

Choosing Suitable Age Property Survey
February 14, 2017in Uncategorized by Adam

Choosing Suitable Age Property Survey

Before you buy a property, it’s a great idea to have it professionally surveyed to protect your interests. There are three different types of surveys to choose from to cater for the condition of the properties you will encounter. With newer builds, the property is typically in good shape and the focus is on the valuation. A simple survey can tell you this.

If you are considering a newer property where the condition is in question, you can opt for a Home Buyer Report. This includes a survey of the property to evaluate the visible parts of the building, determine the state of repair, highlight any specialist repairs that would be needed and point out legal issues. The Report can include a valuation but not every provider will offer this.

For older and listed buildings, there are full building surveys, which can be carried out whether the property appears to be in good condition or is in a poor state. This is the most detailed report you can opt for. The surveyor will look at the visible parts of the property as well as areas that are accessible. As part of the inspection damp levels will be checked, timbers inspected and floors examined. A full assessment of all defects will be provided, complete with estimated for repair costs. Again, a valuation can be included if the provider is qualified to do so.

It is important to choose the type of survey you want based on the age and condition of each particular property. If you are planning to do work on the property, whether it is an extension or a renovation, a building survey is advisable so you have as much information as possible about the existing structure. This can shape your plans and may affect how the project turns out.

At Patterson and Francis Associates we offer clients a choice of building survey or Home Buyer Report, carried out by an experienced and knowledgeable building surveyor in the Maidenhead area. We have a great deal of experience with a variety of properties and work hard to give prospective buyers clear, detailed information about the assets they are thinking about purchasing. We have a highly trained team and follow the RICS code of practice to ensure we deliver a professional service.

Making Home Buyer Reports Understandable
February 14, 2017in Uncategorized by Adam

Making Home Buyer Reports Understandable

It is no understatement to say that buying a home is likely to be one of the biggest decisions you make in your lifetime. Few, if any, other decisions carry the same level of financial commitment or come with the same consequences. The result of this is that buying a home is universally regarded as one of the single most stressful experiences you can go through. While there is help and support available for this, it can sometimes be difficult to know where to start. This is particularly the case when it comes to the RICS homebuyer reports we produce.

RICS is the Royal Institution of Chartered Surveyors. As a member of this institute, we have met the very highest standards possible in our work and have gained the necessary accreditation. A RICS format homebuyer report may sound complex, but this is not the case when you are working with us. To be accepted as a RICS member, we do not only have to make sure the work is accurate, but that it can be accessed and understood by all relevant parties. When it comes to homebuyer reports, the RICS guidelines are clear. While the report must feature all relevant information about the house, it must be presented in plain English. While our work as surveyors involves terminology which is exclusive to our profession, homebuyer reports must be produced in a manner that is free of such jargon.

We agree entirely with the importance of this aspect of RICS approved homebuyer guides. The language used in them must be easy to understand, and provide clear information which is relevant to the house purchasing decision. If a report cannot be easily read and understood by the prospective homebuyer, then it has not succeeded.

We ensure that our homebuyer reports meet the criteria set out by RICS, and our team are always happy to give further assistance in regards of all our homebuyer report work. When you come to us, you can always expect to receive a report which offers all the help, information and support it was designed to. Contact us today to work with a qualified, experienced and supportive building surveyor in Slough or any of the surrounding areas.

Getting Accurate Valuable Information
February 14, 2017in Uncategorized by Adam

Getting Accurate Valuable Information

Before you commit to buying a property it is wise to have it surveyed for signs of problems that could prove to be very costly to fix in the future. This will protect your interests and allow you to enter into negotiations in a much stronger position where you know as much, if not more, about the building than the owner.

There are two different types of surveys to choose between; a Home Buyer Report or a building survey. The latter is more detailed but both offer valuable insights into the condition of a property that can help you when you come to deciding on the price you are willing to pay. The one you opt for should depend on the age of the home you are looking at and the signs you see during your viewings.

A major advantage of having a survey done is that you will have some protection against unforeseen problems. If you don’t have the property looked at you have to bear all of the repair costs yourself. After a survey you can negotiate with the owner so they have to accept some or all of the cost.

On top of this the building surveyor will hold responsibility for checking the property and providing clear details in their report. The protection will be higher when you choose a survey rather than a Home Buyer Report because the surveyors conduct a more in-depth inspection. This means that if there are problems they miss in parts of the property they access you can make a claim against them.

At Patterson Francis and Associates we provide both types of survey and work very hard to ensure we provide the most detailed information for prospective buyers. Our team are fully qualified and have many years of experience to call on. Both of these facts mean you can expect a quality service from us that will protect your interests.

Whether you are buying a new property or an old build we would recommend you have a survey done. The investment can really pay off with the additional information you will receive and the protection it surveys offer. Contact us today if you are in need of a qualified building surveyor in the Reading area.

Ensuring Right Price
February 14, 2017in Uncategorized by Adam

Ensuring Right Price

Selling and buying property can be a stressful business, especially if you are on a budget. At Patterson and Francis Associates based in Maidenhead, we offer extensive survey services in order to make sure that you don’t pay over the odds for a property. We can complete a Home Buyer Report or a survey to reveal a lot of information about a building before you complete the purchase.

When we conduct a building survey we highlight any signs of wall cracking and foundation defects, issues with roof coverings, check timbers for wet or dry rot, and we also advise on damp damage and pipe condensation issues. The information we provide can help you to avoid paying over the odds for a property that needs work.

We advice clients to get a comprehensive inspection like a building survey done when they are looking at older properties. These have had the most time to develop problems with years of wear and tear.

We specialise in all aspects of surveying and with us you get the comfort of working with professional surveyors committed to meeting the highest standards. An unbiased opinion is very important in our work as it allows us to offer impartial advice, recommendations and suggestions. We make sure our services fit around your requirements and provide valuable information. After inspections are finished a full report is delivered, including a list or recommendations in regards to issues that are found, how important they are and what it will cost to get the property into the correct condition.

We are a company dedicated to providing our customers with our best possible service. We believe we are the right choice for all of your surveying requirements. If you have any questions please contact us for advice. We will discuss the property you are buying with you, go over the types of survey we offer, and can provide information about the fees.

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Patterson Francis & Associates
Estate House
1 Aldwick Drive
Maidenhead
SL6 4JQ

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01628 674252
07973 865281

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francisassociates.co.uk

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Articles

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  • How to improve your home’s valuation
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REGULATED-BY-RICS-LOGO-BLACK

Building Surveyor

Patterson Francis & Associates specialise in all aspects of surveying, from providing mortgage valuations to home buyer reports and building/structural surveys. When you want to get a clear picture of the commercial or domestic property we can give you the confidence that all areas have been inspected.

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Home Buyer Reports

Real estate is one of the most important and expensive purchases people make during their lifetime. Before making such a big leap it is important to check the condition of the property to ensure you protect your interests and don't pay over the odds for a property that has repairs that will be expensive to correct.

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Chartered Surveyor

The job of chartered surveyors is to analyse a building and check its condition. Surveying the building, we check the integrity of the structure, both internally and externally, to find any faults. We are a premier chartered surveyor for Reading, providing this city and the surrounding with expert surveys and feedback.

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