| Survey is an activity based on calculations. It is | | | | Surveyors). Conventional assets built in the last |
| unavoidable in modern times to fix the boundary | | | | 150 years, found to be in reasonable conditions, |
| line of a property. In ancient times, man live in | | | | fall within this category of the HSV. It won’t |
| forests and hills when survey was not required. | | | | cover all aspects of the property and only |
| But, when property rights got evolved depending | | | | concentrates on emergency features. For |
| on the desires and dreams of human beings, | | | | properties in need of major repairs or renovation, |
| measuring a land using modern gadgets has | | | | this HSV usually applicable. |
| become the order of the day. This sort of | | | | Building Surveys |
| measuring is called survey to fix the authority on | | | | A building survey, otherwise known as a structural |
| a property or to streamline the authenticity of | | | | survey is a holistic visual inspection of a property |
| the owner of the property. | | | | and presents a detailed report. This is carried out |
| A survey is nothing but an inspection of a building | | | | in case of listed buildings, older properties, and |
| to assess the damage if any and to set it right at | | | | unusual constructions, buildings to be renovated or |
| the earliest opportunity. But, it will lead to bigger | | | | altered. It gives information on the method of |
| complications viz. property loss and at the worst | | | | construction, materials used, details of the defects |
| loss of very precious human lives. So, for peace | | | | noted, problematical areas, environmental aspects |
| of mind and confidence, the survey is a must on | | | | impact on surroundings, possible effects on |
| periodic intervals. These surveys are, generally, of | | | | society, long term concerns etc. |
| a technical nature and further guidance is required | | | | Structural Inspections |
| to arrive at a clearer picture of the economic | | | | Also called structural survey, this is a visual |
| viability of the building. If you propose to buy any | | | | inspection of the structural features of the |
| property, you should conduct a survey before | | | | property and specific issues pointed out by |
| signing in the contract. A survey can actually | | | | others. It offers suggestions for repairs or |
| protect your money. If you feel that there are | | | | suggestions for expert comments. |
| pending issues, you can discuss about the final | | | | Home Energy Rating Survey |
| price of the property after allowing for repair | | | | It provides Energy Efficiency and Environmental |
| expenditure. | | | | Impact Rating on an existing property. By virtue |
| Types of Residential Surveys | | | | of this, energy bills can be reduced and energy |
| Mortgage Valuations | | | | efficiency can be improved. Using relevant |
| Valuation and survey – both are different in | | | | software, assessments are carried out by an |
| basic nature. Mortgage lender carries out a limited | | | | accredited assessor. |
| check on the property to find out the actual | | | | Energy Efficiency Rating (SAP Rating) |
| worth of the asset. You have to pay for the | | | | The all round total efficiency of the building is |
| evaluation. They may issue a copy of the report | | | | measured by energy efficiency rating. When the |
| not necessarily including all the details of the | | | | rating is high, the dwelling is more energy efficient. |
| evaluation. There may be problems which may | | | | Correspondingly, the fuel billing should be lower. |
| require huge sums to set right. | | | | Environmental Impact Rating |
| Home Buyer Survey and Valuation Report | | | | When the property generates some sort for |
| HSV, otherwise known as Homebuyers report is | | | | impact on the environment, it is measured by EIR. |
| a survey complying with a preset format | | | | When the rating is higher, it creates the least |
| proposed by RICS (royal Institution of Chartered | | | | impact on the environment. |