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12 Introduction to Reports
Types of report featured
The following descriptions are those used by Allied Surveyors on their website:
Valuation Report:
A brief report in respect of value only which can be used for a variety of purposes including mortgage security, taxation, probate and family issues but does not constitute a survey.
RICS Homebuyer Survey and Valuation:
This economy service for purchasers, devised by The Royal Institution of Chartered Surveyors, involves a more detailed inspection and report than a valuation. It is generally considered suitable for modern, traditional properties and will include comment on all visible sections of the property, a market valuation and recommended reinstatement cost for insurance purposes.
Building Survey:
This is the most detailed type of report available, and is particularly suitable for individual properties, including large, extended or older buildings. The report will include full details of all visible elements of the building and items of disrepair and defect. It will also include information relating to the method of construction, condition of the structure and likely future repairs. A recommended reinstatement cost for insurance purposes is included but the report does not include a valuation.
Source Allied Surveyors http://www.alliedsurveyors.com
except where acknowledged