Chartered Surveyor Stoke Newington
HomeBuyer Report Case Study
At Foundation Surveyors, we offer a wide range of building surveying services in Stoke Newington and across London to assist our clients at all stages of property ownership. Our RICS surveys enable potential buyers to make an educated decision about the home they’re planning to buy using an easy to interpret coding system laid out by the RICS to outline any major defect(s) consisting of familiar traffic light symbols of red, amber and green, to rate individual aspects of the property, highlighting any areas of concern.
Included in a condition report is essential information about the construction and condition of the property, defects that require urgent attention and defects that require further investigation by a professional in the specific matter. You will also be provided with issues identified by the surveyor that may require further legal investigation. This will provide you with a clear picture and understanding of the condition of the property that you are planning to buy.
HomeBuyer Reports are suitable for a large number of UK homes, making them one of the most common services we carry out for potential buyers. Their main purpose is to provide an expert opinion about the condition of a property, highlighting any defects or areas of concern to a buyer before they formally agree to a sale.
Of course, the ideal scenario is that the investigation finds no substantial issues and the buyer can have peace of mind about their purchase proceeding as anticipated. More often, unexpected findings in a HomeBuyer Report are used to renegotiate the sale price with the property’s vendor.
The most thorough property survey is the RICS Building Survey, providing a detailed report which not only details the condition of the property but includes recommendations for further actions required including maintenance of the property. During the Building Survey, the surveyor thoroughly inspects the inside and outside of the property including outbuildings wherever physically possible.
As experts in lease extensions, we have provided a comprehensive lease extensions guide detailing the steps required to extend your lease, FAQs and a calculator, providing an estimate for the cost of extending your lease. Foundation Surveyors offer Desktop and Full Inspection valuations across London and throughout the UK. As Chartered Surveyors we can help to ensure you are paying a fair price for your lease extension.
We provide a number of services across London. Get in touch via the contact form to discuss your property requirements.
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HomeBuyer Report Case Study in Stoke Newington
In September of last year, our team carried out a HomeBuyer Report for a property in Stoke Newington. Located in the north-west of the London Borough of Hackney, Stoke Newington is around five miles north-east of Charing Cross and is bordered by Finsbury Park, Canonbury, Stamford Hill and the A10. Average house prices are currently a little above the London average at £720,000, although values have largely levelled out over the last twelve months.
The building we attended was a late-Victorian mid-terrace house, split into two maisonette units. We were inspecting the property on the ground and lower-ground floors, which had been converted into a split-level, 3-bedroom dwelling around 1990.
In terms of our findings, our surveyor noted that there were high levels of moisture recorded in a number of the main walls, which should be urgently addressed. There were a number of suggested causes for this, including:
• Loose and broken downpipes from the gutters
• Vegetation growing up the walls
• Damaged pointing
The surveyor also noted that due to obscuring construction, it could not be confirmed as to whether a damp-proof course (DPC) was in place, which is an essential measure for eliminating damp. Advisory steps for identifying the cause of the damp were included in the report.
Our surveyor noticed that the single-glazed windows would be providing poor thermal insulation and that their timber frames were rotting. It was advised that these should be replaced with new, double-glazed units. Due to the high levels of moisture, it was recommended that internal timbers such as floors and joists should be opened up and examined. Given that these types of repairs are both urgent and costly, the report emphasises the importance of investigating these issues as soon as possible.
It was also apparent that many of the internal services (boiler, gas meter, electrics) had not been tested for some time, and may have posed a significant risk It was recommended that these be inspected by an appropriately qualified professional.