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What is the difference between Pre-Purchase Surveys (Due Diligence Surveys) and a simple Building Valuation?
A valuation isn’t a survey. This is simply the value of the property, and though it includes a few comments on the
condition of the building, is intended only to enable the lender, such as a bank, to determine the safety of their
investment.
A survey carried out by a Professional Building Surveyor (or Building Inspector) from P-CON Building Surveyors Sdn. Bhd.
is to assess the condition of the building, in particular, the structure, fabrics and components, finishes,
services and safety requirements. Surveys are a kind of ‘health check’ for buildings by a building doctor. If you’re
buying a property, you should have a building survey done by a Professional Building Surveyor before you enter into a
contract – or before making an offer.Coach Outlet
A building survey done by a Professional Building Surveyor can actually save your money. If there are serious building
problems, you can often re-negotiate the sale price of the building / property to reflect the cost of necessary
repairs – or you may even decide you don’t want to buy the building at all.
There may be hidden building problems in the property that would cost a huge amount to put right – and they won’t
appear in the valuation report. Which is why it’s really important you have a Pre-purchase Building Survey or Due
Diligence Survey done by a Professional Building Surveyor.
‘Having a pre-purchase building survey by a Professional Building Surveyor makes good sense – and could save you
thousands of Ringgit in repair bills’
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When a Pre-Purchase Survey or Due Diligence Survey is required?
The pre-purchase condition survey is to be conducted by a Professional Building Surveyor before a purchase of a property.
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What is the purpose of a Pre-Purchase Survey or Due Diligence Survey?
The purpose of the building surveys is to provide an opinion on the building condition or the general presentation of
a property.
The pre-purchase building survey will assist the prospective buyers to have a good understanding on the property before
they purchase the property, as the building survey report done by a Professional Building Surveyor provides information
on building defects, building hazards, explaining what current repairs and future maintenance are needed.
In other words, the pre-purchase survey report contains our findings and condition assessment
for use by the buyers in consideration of their purchase of the property, or to decide whether or not the property is a
reasonable purchase at agreed price.
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