Professional Land Surveyors in Mold

We find that unless previously agreed with your mortgage provider, most will only undertake a valuation of the property to confirm to the bank the current purchase price is correct. The Mortgage Surveyors will only look briefly into anything that may affect the value, however, will not provide you with an outline of the repairs that may be needed. It is therefore recommended to have an independent surveyor look at the property to provide you with sufficient information to make an informed choice on whether to proceed with the purchase or not.

We have seen within the market that approximately 80% of properties are undervalued when building insurance is considered. This has a knock-on effect in the event that a claim needs to be made and we have found that either the insurer will refuse to pay out or will out pay out on a pro-rata basis. It is strongly recommended to have an up to date reinstatement valuation every 3 years, to take into consideration inflation and the rise of building material costs, which can alter dramatically, as seen over the past couple of years.

A Schedule of Condition identifies and records the condition of any building prior to signing a lease, therefore potentially limiting your responsibility of repair at the end. Without a comprehensive Schedule of Condition, which is signed by both parties and attached to the lease, there is no other record to confirm the state of a property and companies are therefore liable to putting the property in a greater state of repair than what could have been required, costing more.

When buying a New Build we are still able to undertake a survey on the property if required, however we would strongly recommend having an independent snagging report done which you would then be able to take to your builder to rectify any issues that have arisen. We are able to help with this and can advise on the best course of action for you.