Residential surveys – everything you need to know!
It is a common misconception that the relationship between property search agencies and their clients starts and ends with the sale of a property.
At Oxford Property Consulting, we aim to go the extra mile.
Our mission is to make finding the dream home for you and your family as stress-free as possible.
That means ensuring the property-buying process runs smoothly from the search and initial negotiations, right up to your move-in date and beyond.
High up on the list of stressors to avoid is identifying and dealing with maintenance and repair issues that may cause you hassle down the line.
That is why conducting a residential survey should be considered a key part of the buying process.
In this blog, we will explore why conducting a residential survey is so important- and how we can advise you on working with trusted local experts.
Right for you
With such a wide variety of on and off-market properties available it may seem challenging to navigate the different types of survey available.
The Royal Institution of Chartered Surveyors (RICS) has three main types of survey.
The most basic is the Level 1 Condition Report. Consisting of an internal and external visual inspection, this survey identifies prominent defects and is best suited to modern properties.
The Level 2 ‘Homebuyer’ Survey is the most common type of survey in the UK, intended for conventional properties built from the 1930s onwards.
With a thorough inspection of all internal and external features as well as ‘key services’ like heating, electricity and drainage, the Level 2 Survey provides a colour-coded grading system indicating the urgency of any recommended repairs.
The Level 3 Building Survey is the most detailed and comprehensive survey available, and is suitable for historic, uniquely built and listed buildings. It is also used when undertaking major renovations.
It provides a comprehensive assessment of all accessible internal and external elements of the property and key services. It also assesses permanent outbuildings, cellars and garages.
Peace of mind
Although residential surveys are not a legal requirement in most of the UK, it is still strongly recommended to obtain one.
It is understandable that it may seem an unnecessary expense and a tedious administrative hurdle. However, conducting a residential survey can save you money in a number of ways.
Coupled with the advice of our trusted local surveyor partners, the process is straightforward and will avoid you having any nasty surprises when you move in.
Residential surveys allow you to rectify issues that could lead to expensive repair works in the long run if neglected. They can also provide you with leverage in house price negotiations and allow you to adjust your offer if significant defects are identified.
Bespoke, local service
We pride ourselves on our local expertise and ability to give advice tailored to your property and area.
Ben Procter, Managing Director said “Buying a house is, for most people, the single most important financial decision they will ever make.
“But it doesn’t have to be a daunting and stressful process. Nor do we merely seek to get you through the door and disappear once the sale is complete. At Oxford Property Consulting, we take the time to really get to know our clients and build a lasting relationship.
“We work with a number of esteemed RICS certified surveyors with great knowledge of Oxfordshire and the Cotswolds, including our colleagues at Property Formula.”
Get in touch!
Are you exploring the option of moving to Oxfordshire or its surrounds?
If you are, why not drop our friendly team a message today via 01865 553956 or email info@oxfordpropertyconsulting.co.uk for more details.
We hope to hear from you soon!