An HSV is a service carried out to a standard format, defined by the
Royal Institution of Chartered Surveyors (RICS), designed for properties
built after 1900, which are of conventional construction and in reasonable
condition.
A
HSV includes the following information:
The Property's general condition
Any significant defects, in accessible parts of the property,
which may affect its
value
Urgent and significant matters that need assessing before
entering into
exchanging contracts (or before making an offer in Scotland)
including
recommendations for any further specialist inspections
Results of testing walls for dampness and timbers for damage
including
woodwork or rot
Comments on the existence and condition of damp-proofing,
insulation and
drainage (although the latter will not be tested)
The recommendation reinstatement cost for insurance purposes
(the
anticipated costs of re-constructing a building in the event
of damage by an
insured risk eg fire). This is not the same as the market
value of the property
The value of the property on the open market |
An
HSV is not detailed survey of every aspect of the property and focuses
only on significant and urgent matters. It's not suitable for
properties built before 1900, those in need of renovation or that
you are planning to extend.
©
Royal Institution of Chartered Surveyors
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