Moving into a new residential or commercial property is a significant investment. A detailed building survey can reveal structural defects, damp issues, or other concerns that may not be visible. Identifying these early gives you leverage during negotiations and helps ensure you are making a sound financial decision.
However, the types of reports provided will vary in key aspects.
Overall Size and Scope.
When it comes to surveys, domestic and commercial properties are quite different. A home survey usually looks at a single building, often where someone already lives. Commercial surveys, on the other hand, might include multiple units and even outdoor spaces like parking areas or gardens. That is why commercial reports tend to be much more detailed and extensive.
Compliance and Regulatory Requirements
Although Building Regulations apply to all new homes, regulatory compliance is often a greater concern for commercial premises. Surveys for these properties must consider important legal and safety aspects including access provisions, fire exits, and health and safety compliance. Checks for potentially dangerous materials, such as asbestos, are also essential.
It is essential that commercial surveys verify the building’s fitness for purpose, whether used for retail, production, or office functions.
It is important to stay aware of changes in property regulations, which are frequently updated for both domestic and commercial buildings. Recent updates include energy efficiency enhancements and mandatory electric vehicle charging points in new residential developments, reflecting the shift toward sustainability and future ready infrastructure.
Schedules of Condition & Dilapidations: Minimising Risk for Landlords and Tenants.
While such obligations pertain to commercial leases, they can also apply to domestic leasehold properties under tenancy agreements. Upon termination of the lease, the landlord has a right to repossess the property in a condition suitable for re-letting.
Before signing a lease or completing a purchase on a commercial building, it is advisable to have a surveyor compile a Schedule of Condition. Doing so ensures that any existing wear and tear is documented, preventing future liability for issues that were not caused during the tenancy.
Whether you are buying a home or a new commercial space, it is worth investing in a full building survey. It gives you a much more accurate picture of the property’s condition than a basic valuation. A valuation from a mortgage provider is only there to protect the lender it will not uncover potential issues that could cost you down the line.
A full building survey is typically conducted by an independent, qualified chartered surveyor who is focused on protecting your interests.