Edwards Genesis is an independent Chartered Surveying practice with offices in Bolton, Leigh and Wigan. The practice incorporates the Survey Department of Millers Chartered Surveyors, the former practice of Edwards Surveyors and the Consultancy Practice of Brownlow Associates.
The Directors of Edwards Genesis are both Chartered Surveyors and have over 60 years combined experience of valuation and survey work in the North West of England. The Practice has an administration team with equal experience in day-to-day management of a survey company.
The Practice is Regulated by The Royal Institution of Chartered Surveyors (RICS), the leading professional organisation in relation to land and property in the UK and further afield.
"When seeking professional advice always ensure the Chartered Surveyor you appoint has the right experience, qualifications and resources to deliver what you need - and remember don’t buy the price, buy the expertise; this is not the place to cut corners".
We were rated one of the 3 best surveyors in Bolton in 2017 by www.threebestrated.co.uk
RICS recommends home buyers have a survey before purchasing property. (Time Bomb For Home Buyers)
Homebuyers in England and Wales are facing bills for thousands of pounds by failing to have a sufficient survey of their property before purchase, according to new research from RICS (2013).
Home surveys help buyers make informed decisions on whether to go ahead with buying a property, before legally committing themselves. Despite their importance, many buyers remain confused about surveys.
A mortgage valuation report is often wrongly assumed to be a building survey. Actually, it is purely an indication of the property’s value for loan purposes, prepared for the lender, not the purchaser. Most importantly, it won’t uncover any potential problems. However, when questioned in earlier research (2010), 58 per cent of respondents wrongly believed a valuation report included the building’s condition, including searching for damp and structural movement. A further 31 per cent were mistakenly under the impression it included advice on any legal issues a solicitor should investigate.
Even if you are paying for a mortgage valuation report, RICS still recommends you arrange a survey with your own surveyor. There are two options available; an RICS Homebuyer Report, which provides an inspection and report on the property’s condition, plus a valuation as an optional extra; and a Building Survey, which is more detailed and may be the best option if the property is particularly old, large or unusual; in a bad state of repair; has been significantly altered; or if you are planning a major conversion or renovation.
A survey might just be able to help you get a better deal on your property, too. 76% of those questioned agreed that a more comprehensive survey could potentially allow you to negotiate a better deal with the seller. Watch the RICS information video below:
Home buyers are often confused about their lender's valuation. Many still believe their valuation is a survey and is being done for their benefit. Increasingly, lenders take a risk-based approach and might well use an automated valuation model which can result in nobody physically visiting the property. Our independent research found that on average homebuyers spent £5,750 on unforeseen repairs when they moved into their new home. The vast majority will have relied on the lender's valuation only.
Peter Bolton-King, RICS Director Global Property Standards
To help homebuyers navigate the survey market, RICS has prepared some helpful tips:
i) Ask an expert
Your mortgage company or IFA will offer you advice on your finances, but it is a Chartered Surveyor who can offer you professional advice on the property itself. Before you commit yourself legally your surveyor will advise you on what is a reasonable price to pay for the property and flag any serious defects or risks with the property.
ii) Spend a little to save a lot
The old adage a "stitch in time saves nine" couldn’t be truer when it comes to property. By spending a small amount extra on a survey you could be saving yourself thousands. A HomeBuyer report costs just a few hundred pounds, a small amount to help uncover any unpleasant or costly surprises. A Building Survey is more detailed and therefore more expensive.
iii) Use your survey to help negotiate a better deal
76 per cent of those questioned agreed that a more comprehensive survey could potentially allow you to negotiate a better deal with the seller. A Chartered Surveyor adds: “My client had already had a mortgage valuation, which didn’t raise any issues. However, the HomeBuyer report I carried out found lintels missing over window openings, laminating roof tiles, blocked drains, and rising damp. The fee to repair these problems could have cost £2,000 – a sum the client negotiated off the cost of the house.”
For further "News & Views" on the property market, click the link to our "News" page.
Edwards Genesis have a formal Complaints Handling Procedure in accordance with the Regulations of the Royal Institute of Chartered Surveyors.
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