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Importance of a survey?

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  • Importance of a survey?

    What is the legal position with getting a survey done?

    Is the surveyor then liable for anything they didn't spot?

    I can understand that in times of inflated prices, then getting a survey done could be a good source of bargaining power on the price. These days with low offers being accepted, is there a real need for getting a survey done, afterall most surveyors ask more questions than they answer and are quite inconclusive about the actual state of the property.

    Any opinions out there?

    I'm asking on behalf of my parents who have already having already got one survey done on a house they didn't eventually buy, are now in a position to buy a house, but are reticent about getting a survey done, as the last one didn't "say very much, really" (their words).

    Thanks

  • #2
    I have just discovered the rics website that explains clearly the difference between Home buyer's Survey and the building survey. Basically, the building survey is for a house that looks like it could have problems? Apparently also, if you use a surveyor from RICS then, there is a complaints proceedure.

    but any further advice would be great

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    • #3
      It's important to get a survey done - think of it as like an insurance policy - the cost of the survey will be far less than any costs that may result if there is a problem that needed to be spotted.

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      • #4
        We are already a billion!

        We are already a billion!The number of the Internet users overcomed psychologicly important limit - a billion! This information can be found in the report of U.N.O., named "About informational economy". Amasing grow of the Internet continues, its number of users grew to 20%. First place is occupied by USA (200 million users), China (111 million users), Japan (85 million users).

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        • #5
          Not sure what the last post has to do with havingf a survey done!
          RICHARD WEBSTERwww.rwco.co.uk
          As a conveyancing solicitor I want to be helpful (England/Wales only) but can't accept liability for this.

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          • #6
            anyone know where to find details of doing a course on valuation that may lead to accreditation?

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            • #7
              Hi,

              I'm a surveyor by profession (although I'm not a Building Surveyor) and in my experience with working in the construction industry, a survey is only as good as what the surveyor can see (if that makes sense). Certain problems inherent within building may not be uncovered unless you carry out invasive/penetrative tests. For example, if you were to increase the loadings on a floor (to take an additional level, certain attic conversions, for example), the original foundations may not be deep enough. But you won't know this, and may/can not be uncovered during a Building Survey, unless the surveyor carries out these penetrative tests. However, in a practical sense, if you were to carry out a building or structural survey on a prospective property purchase, I very much doubt the vendor would agree to you digging up their land! I have so much more examples of projects that I have worked on in the past which have turned into a nightmare due to unforeseen structural problems with the building... !

              On the flip side, do I think surveys are worth it? Yes, very much so, and especially if you're a layman and if you're thinking of buying a older property. Surveyors have specialist equipment to detect problems within a building, and can advise you how to rectify it. For the sake of a few hundred pounds, it can save you hassle and money in the long term.

              Hope it helps (not sure if I've answered your question!).
              www.propertyinvestmentleads.co.uk

              "Exclusive deals for the serious investor"

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              • #8
                Snowman,

                The only accreditated valuation course I can think of is the RICS one (there may be others). In order to qualify you will need to complete a RICS accredited degree, and then a minimum of 2 years practical experience. However, if you have a non-related degree, I believe you may be able to "convert" it by doing either a 1 year full time, or 2 year part time RICS accredited master degree, prior to your practical experience.

                With regards to your practical experience, you will need to carry out your training with a RICS accredited employer (specialising in General Practice surveying, I believe) for a mimimum of 2 years before taking your final assessment.

                Hope this helps.
                www.propertyinvestmentleads.co.uk

                "Exclusive deals for the serious investor"

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                • #9
                  It's important to get a survey done.

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