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  Surveys & EPCs

Surveys & EPCs

We arrange a variety of surveys and valuations of residential property for the homeowner, property and lending institutions and investors.

We undertake to forward such reports within 5 working days of the survey under normal circumstances.

Buying property is an important investment and it is necessary to know the condition and replica watches the level of expenditure likely to be incurred to put the property in good repair if required, and that the price paid is market value.

Our standard reports are as follows:

RESIDENTIAL VALUATION

This report is based on a brief visual inspection in order to establish the overall condition and the market value.

Whilst such reports are more suited to  protect the interests of lending institutions which provide mortgage and similar loans, the homebuyer can be served in the event of seeking equity release or contemplating purchase under Right to Buy provisions.

However, the interests of the purchaser are usually better served by a Homebuyers or Structural Survey and Report.

HOMEBUYERS SURVEY AND VALUATION REPORTS

This report was devised by the Royal Institution of Chartered Surveyors. The principle objective of the report and valuation is to assist the individual homebuyer to:

Make a reasoned and informed judgement on whether or not to proceed with the purchase.

Assess whether or not the property is a reasonable purchase at the agreed price.

Be clear on what decisions and actions should be taken before contracts are exchanged.

The general condition and particular features of the property are covered but the report focuses on the matters, which the surveyor judges to be urgent or significant.

Urgent matters are those requiring attention before or immediately after the sale.

Significant matters are those, which affect the price finally agreed.

Technical inspections/tests of services are not included.

STRUCTURAL SURVEYS

A report format which is more expansive and biased toward comment on the construction, materials used, analysis of stability, greater explanation of defects, and compliance with more technical and current requirements.

The inspection while generally visual and non-invasive can use discrete methods of inspection to view otherwise concealed elements, if requested, considered necessary and with the owners agreement.

Basic repair and maintenance recommendations with budget costs are provided.

SPECIAL REQUIREMENTS

If there are specific non-standard requirements these can be included in the survey and report by specific agreement. Solutions to specific structural problems and more detailed repair schedules are the more usual requests.

COMMERCIAL VALUATION

The level of inspection carried out is sufficient only to enable an assessment of condition to be made.

Whilst commercial valuations can be determined on a bricks and mortar basis, investment, development and business profits basis techniques can be employed to establish market value.

Such valuations are required for a variety of purposes and for the owner, buyer or lending institution.

Structural surveys of commercial property are undertaken on a similar basis as for residential property or to meet specific requirements.

As each property and clients needs differ, fees charged are by agreement.

What is an Energy Performance Certificate (EPC)?

An EPC will tell buyers and sellers about a home’s energy efficiency, using A to G ratings like those used on appliances such as washing machines and refrigerators. The certificate will also specifically show, for each individual property, various improvements that could be made to cut fuel bills and carbon emissions, the costs of doing this and how quickly these will be recouped through reduced spending on energy.

The EPC will be prepared by a Domestic Energy Assessor who has been trained and is licensed via the Government Certification Scheme.

In England and Wales, Sellers of any property due to be marketed after 14th December 2007 must be able to provide a Energy Performance Certificate (EPC) before the property is actually placed on the market.

CityWest.co.uk Estate Agents are on hand to provide you with every assistance in order to produce your Energy Performance Certificate (EPC) in accordance with Regulations.