Anyone have much advice or experience on what you get for your money with these?
Got a load of quotes through a market comparison type website, starting at £600inc VAT at cheapest end and have been calling around more local surveyors and now have quotes at £1350+ VAT, and then loads in-between. They are all quoting on a level 3, following the standard RICS template. Have asked for sample reports from some to look at but big difference in costs
Good question.
Recently I was thinking of buying my current rented flat but abandon the idea after it was over valued (ex-council). Before that I was asked to make a survey of my own. Was thinking of making some enquiries but decided to use AI instead to find surveyor. Found several good ones as suggested by AI. Gave one a call and was quoted Level 3 survey for £470. Not sure what L3 means btw as I didn't ask AI. They surveyor did explain but I was not listening properly. I didn't follow up because I decided to find another place to rent instead. As far as my currently property is concerned, my view is that it is overvalued by £30k (market value?). I ain't paying. I think they saw me coming. 😆 I also noticed property in my surrounding area ended selling £10k less on average and rent had also started to go down too. Mortgage is between 4.6% then 6% to 7%.
My gut feeling, if I wish to buy, is to give it another year(s) or so to see how the value (market) stack up against buying power. 0.4% economic growth in last Nov? Ya, right. That's just leading to Xmas period. Let's see how this year performs instead. 🙄 (think last year was 1.4%)
This is quite a good source of info regarding surveys: https://www.reallymoving.com/surveyors
£600 sounds a little pricey for say, a level 3 survey on a 2 bed terrace, (mine was £480) maybe not so much on a 4 bed house... but it depends how complex the house is..is it structurally origonal/ had it been modified, extended, etc? that would add a bit of complication, and therefore survey cost.
Probably area dependent too... central london I'd imagin you can double that easily.