A property valuation report is a very limited inspection to advise on the market value of the property, not its condition.
It is frequently used in legal matters such as probate or when dividing assets accurately after divorce.
It is sometimes known as a Mortgage Valuation, when your lender wants to ensure that the property you want to buy with their loan is worth enough to repay the loan should they need to sell the property if you are unable to keep up the repayments.
Relying only on this type of survey is not recommended unless you are buying a property that is a new build or currently under construction. These would be covered by a Builder’s Warranty which covers structural defects. In all other circumstances it is advisable to get a Structural or Full Survey or a Homebuyers Survey.
Do you carry out Valuation Surveys
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