When you ask a surveyor to value a property, you are taking a step that is an integral part of the home-buying process. But this procedure, so intrinsically linked to house prices, can be confusing, so it is important that you, with Rightmove's help, grasp the various elements that surveyors take into account before setting a value.
When the surveyor carries out an inspection of the property you want to buy, he will look at numerous specific factors related to the state of the building. Following that, more general aspects come into play such as location and current demand. All these factors are then combined to produce a fair valuation.
As this valuation is then used to ascertain the level of mortgage you can obtain, it is essential you understand the contributory factors.
Whether you are buying or selling a house, the valuer will usually look at the same specifics when judging a property, such as:
There are various other general factors that hold sway when it comes to surveys, including: