Building Survey Expertise
Record Associates are a Shrewsbury based firm of Chartered Building Surveyors who routinely undertake Residential and Commercial Building Surveys across Shropshire, Mid Wales, the West Midlands and further afield.
Why Commission a Residential Building Survey?
Buying a house or flat is likely to be one of the most expensive purchases of your life so it is vital that you commission a Building Survey to provide absolute assurance that there are no hidden issues prior to exchange of contracts. Such advice is often money well spent and will help you make an informed decision on whether to go ahead with the purchase. In many cases it will pay for itself many times over If we identify costly repairs which necessitate a reduction in the purchase price. At the very least it is peace of mind.
A report undertaken by the Royal Institute of Chartered Surveyors (RICS) indicated that more families are shunning full building surveys so they can raise enough cash to buy a home, but the RICS warns that they risk huge repair costs after finding nasty surprises later as highlighted by the BBC’s article ‘No Building Survey is a False Economy’.
Record Associates can provide both the RICS Homebuyer Report or the more detailed Building Survey, which is often referred to as a ‘Structural Survey’.
The RICS Homebuyer Report is typically used where a detailed assessment is not required, the property is relatively modern, is of standard construction and no significant interior alterations have been carried out nor planned. The survey is visual only but does embrace all aspects of a building’s construction. It also includes an opinion on market value and reinstatement cost though in the case of the valuation this is often superfluous as a valuation is a mortgage condition and informed buyers are often comfortable with prices being asked having often looked at all the available houses in that range.
A Building Survey is much more detailed than the RICS Homebuyer Report and is suited to all ages of property, not just the older period properties as it can be custom made to suit the client’s needs so can often include advice on any proposed adaptations or alterations to the property, the issues involved and cost of the works and in an increasing number of case the likely value of the property after such works have been undertaken which is important component for the investment buyer. The Building Survey report also provides a diagnosis of any defects which are identified and the remediation works required. The Building Survey does not normally include a Market Valuation or Insurance Reinstatement Assessment but this can also be added if required.
For further information on which Building Survey to commission then look no further than our illustrative guide – Which Survey above.
Typically we cover the whole of Shropshire and Mid Wales including Shrewsbury, Wellington, Telford, Bridgenorth, Much Wenlock, Church Stretton, Ludlow, Welshpool, Oswestry, Chester, Nantwich, Whitchurch, and Market Drayton – though we have taken on larger commissions from further afield. If in any doubt just ask and we would be delighted to assist.
Why Commission a Commercial Building Survey?
Just as with buying a house, buying a commercial property is a major financial commitment for you or your company and involves many similar issues to the above so it is vital that you commission a Building Survey to provide absolute assurance that there are no hidden issues prior to exchange of contracts. Such advice is often money well spent and can pay for itself many times over. At the very least it is peace of mind.
However the need to commission a Building Survey should not be restricted to freehold acquisitions. The acquisition of leasehold accommodation also carries many risks and issues so it is important that you are fully aware of the condition of the property and your associated repair and service charge liabilities under the lease.
We cover a broad geographic area which includes Shropshire, Mid Wales and the West Midlands and all the major towns and cities including Shrewsbury, Telford, Welshpool, Chester, Wolverhampton and Birmingham – though we have taken on larger commissions from further afield. If in any doubt just ask and we would be delighted to assist.
Why Choose Record Associates?
We firmly believe that our services offer excellent value for money for the following reasons:
- Competitive pricing
- We are an independent practice offering the full range of Building Surveys from small modern properties to large listed period properties (>£1m)
- Your Building Survey would be undertaken by a Chartered Building Surveyor
- All Building Surveys are Director led with over 15 yrs experience in practice
- We provide a personal approach focused on providing assurance & guidance to clients
- All our Building Surveys are written in Plain English with a concise Key Issues Summary focusing in on the key elements with pragmatic advice on way forward
- We understand the need for a fast turnaround ensuring the Building Survey due diligence associated with the acquisition doesn’t hold up any key decision making or the purchase programme – Typically we will provide an oral report immediately after the survey and a written report within one week of the inspection
- Up to £2m Professional Indemnity Insurance and
- All our building survey reports are provided electronically (as a PDF)
We can also assist you with any plans you may have for the adaptation of the property including advice on the property development issues, the steps in the process, costs, timescales and the appointment of other advisors which we can either facilitate or if required appoint directly and offer a turn key service. Please visit our Track Records for details on some of the commissions we have undertaken.
In addition to any building survey we can provide a range of additional services including:
- Market valuations
- Building reinstatement costs for insurance purposes
- Repair costs
- Property development, building and construction advice
- Planning, listed building, conservation area and building regulations consent applications
- Design and Project Management