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What Is A Chartered Surveyor?

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By Author: Andrew McKenzie
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Prior to buying or selling a property, you’ll possibly never have heard of a chartered surveyor or know what their role is in the purchase/sale process. In this blog post, we will explain all aspects so that you are fully informed.

A chartered surveyor is a highly trained and experienced property professional. They offer impartial, specialist advice on a variety of property related issues and the services which they provide are diverse.

Chartered Surveyors work in all fields of property and building consultancy. At the most basic level, their duties include valuing property and looking for structural defects in buildings. They provide expert consultancy advice in property, construction and related environmental issues. They also provide
home reports.

The representative professional body is the Royal Institution of Chartered Surveyors.

WHAT DOES A CHARTERED SURVEYOR DO?
The surveyor will visit the home you are thinking of buying, assessing all areas of the property and identify any problems or potential issues that may turn out to be a problem the future. They will then compile all relevant information into a report for you and from the surveys findings, you can then make an informed decision about whether or not you want to go ahead with the purchase. If there are one or several issues, it might give you scope to renegotiate the sale price based on the findings within the report. If issues are found with the property that are likely to cause you to have to fork out for repairs, e.g. £6K, you could negotiate the price of the property down by that amount.

WHEN DO I NEED A CHARTERED SURVEYOR?
You would use a chartered surveyor if you wanted a valuation for a future or existing project or renovation. Surveyors can value land, buildings, or machinery however, most will normally choose to specialise in one area of work. For example, a rural surveyor would value a farm and its assets, whereas a building surveyor might value an urban apartment complex.

First published here- https://www.homereportcompany.co.uk/2019/01/chartered-surveyor/

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