A Market Valuation provides standard value and descriptive information for various purposes. Whilst such a report reflects the overall condition of the property it must not be confused with more detailed survey and homebuyers' reports. When Buying in Mallorca as much care is necessary as back home. A valuation of your property on the islands will reassure you that you are paying a fair price for your future home.
The Homebuyers' report comprises an inspection of those parts of the property which are readily and safely accessible; in other words visible and readily available for examination from ground and upper floor levels without risk of causing damage to the property or injury to the surveyor.
It provides a concise report based upon the inspection and incorporates a valuation which forms part of the report. The surveyor's main objective is to give clients considering buying a particular property the professional advice which will assist them:
- to make a reasoned and informed judgement on whether or not to proceed with the purchase.
- to assess whether or not the property is a reasonable purchase at the agreed price
- to be clear what decisions and actions should be taken before contracts are exchanged.
A Full Building Survey Report is a detailed appraisal of the condition of the fabric of the building. It is not a Structural Engineers Report. The report will advise on the condition and state of repair of the visible parts of the property. It will describe the method of construction where visible, detail any defects which are apparent at the time of inspection and indicate the need for remedying such defects. Areas requiring future maintenance, repair or further inspection will also be highlighted. Proposed alterations should be discussed with the Surveyor prior to inspection.
Whilst the inspection and the report will be as comprehensive as possible, it will be subject to certain limitations, as indicated in the conditions of engagement. In particular, it should be noted that it is often not practical to inspect woodwork apart from that which is visible or to raise filled carpets and fixed floorboards or gain access to areas which are covered, concealed or obstructed such as wall cavities, sealed roof and floor voids, or areas in ducts and behind paneling. Heavy furniture will not be moved. Roofs will only be inspected if safe and easy access can be obtained either by a 3 meter surveyors ladder off the ground or by direct access from within the property. Roof voids will not be inspected if the access is considered dangerous.
The report will incorporate general comments only on the garages and other outbuildings, grounds and boundaries. Where defects are revealed by the inspection, this will enable the prospective purchaser to carefully consider the suitability of the property for their needs and either revise their offer of withdraw before being legally committed to purchase.
Development Funding valuation carried out on behalf of a funding source of part of, or the whole of, a development scheme.
Valuation advice can be provided at the earliest stages of development - valuing off plan through to completion, whether it be of a single unit or major regeneration project. The department has provided valuations on some of the most significant development schemes in recent years and by close liaison with other professionals, is finely attuned to the needs of banks and other lending sources.
Our Feasibility Studies give a complete picture of the business and makes your idea measurable.
The aim of completed a Feasibility Study or preparing a Business Plan is to help you the promoter to measure the viability of the proposed business idea thus reducing the chances of mistakes in setting up/expanding your business.