RICS 'Red Book' Valuations of Land and Property

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We provide valuations of land and buildings that are of use for development appraisals, accounting/audit purposes, inheritance planning, probate, divorce proceedings, Help to Buy etc. These valuations are really about value alone, and offer relatively little detail on matters peripheral to market value.

 

RICS 'Level 1' Condition Report

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This is a simplified, economical version of the RICS Level 2 Report, and is aimed at those who want a guide as to the condition of the home they are about to buy, without the expense of a Level 2 survey.

 

RICS 'Level 2' Home Survey & Valuation

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This is a report designed by the Royal Institute of Chartered Surveyors, only to be undertaken by one of their members. It is a more detailed inspection of the property, which includes an insurance reinstatement figure, and a valuation. Its aim is essentially to assist the purchaser in assessing whether the property provides reasonable value for money.

 

RICS ' Level 3' Building Survey

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These surveys are much more detailed, and provide a comprehensive report about the current condition of the property. This type of survey is the most thorough one available. The survey will examine all accessible parts of the property and, if you wish to have any specific areas looked at, this type of survey is the right choice.

Our Building Survey is suitable for all types of property, whether they are listed, unusual or old, whether you wish to perform renovation work on them or whether the property has already had extensions added to it. This means that this survey is preferred for all buildings which may be regarded as 'non-standard'. The survey does not include a market valuation, but the surveyor will include one for a small additional charge if you request it. However, it is more likely that the Building Survey will be commissioned for other reasons, as a valuation may usually have been undertaken separately. The main details of the Building Survey will include:

 

• All major and minor faults found within the property, and the implications that these will have.

• How much the repairs for urgent defects will cost.

• Testing for dampness of the walls, and results for these tests.

• Testing of all accessible woodwork for damp and woodworm, and the results of these tests.

• Investigation into the condition of damp proofing, insulation and superficial drainage, (although underground drains will not be tested).

• Technical information about how the property was constructed, and materials which were used in the process.

• Information about the location of the property and its grounds, including implications relating to, for example, unadopted roads, shared access, rights of way, Japanese Knotweed.

• Proposals for any further special inspections and subsequent work which may need to be done on the property.