Surveys and Surveyors: What does it all mean?

Property surveys are not an area that many people will have an in-depth knowledge of, which means that once this part of the process comes around, you may worry that you simply do not understand what needs to happen. There are a few misconceptions about property surveys and what they are so we’ll try to put it as simply as possible.

Firstly, having a valuation of the property IS NOT the same as having a survey. A valuation is organised by and is of a benefit to the lender, which will help with the purchase of the property, all to ensure that it is worth the money that you are paying for it.
A survey, in comparison is an inspection of the property, assessing its condition and it’s suitability to your requirements. They are not the same thing and just because you have a valuation does not mean that you should miss out on a survey.

Secondly, all surveys ARE NOT the same. Many people seem to think that all property surveys are the same, however, this really isn’t the case. There are homebuyer surveys, building surveys and also specific defect surveys. Each one is different and each one offers something different. The survey that you choose will depend on your property, as well as your needs.
However when purchasing a property, be it for commercial or residential purposes it is always wise to ensure that survey is carried out by a RICS qualified surveyor.

RICS stands for the Royal Institution of Chartered Surveyors. This international body has been around since 1792 and regulates and trains chartered surveyors. Respected across the globe, there are more than 125,000 members around the world. They regulate the world of surveying, making sure that qualified members of the RICS have the right understanding and knowledge and will adhere to the best practices when it comes to their industry standard. They will also be up to date on the key changes, new regulations, improvements and news that could have an impact in the industry. You will know that a RICS surveyor can be trusted and that they will have specialist knowledge in their area. They will offer the very best in impartial advice, always designed to match your situation and your individual circumstances.

A RICS surveyor has long term support and development in their work, with access to the very best advice and guidance and this ensures that you too are protected. Should problems arise and you face issues in the process or afterwards, you know that there is somewhere that you can go to make sure that these issues are addressed.

Ensuring that your survey is carried out by a RICS qualified surveyor gives you piece of mind that you will be receiving expert knowledge and advice, and at Petty we have four fully qualified charted surveyors available to give you that expert knowledge and advice.