Inspection - Green Flashcards
What is the purpose of inspecting?
To verify facts, identify the extent of the property and ascertain anything that may affect value.
If a property is not to be inspected where would this be specified?
Terms of engagement
Give an example of when no inspection may be appropriate
If it is a revaluation and the valuer is satisfied there has been no material changes since last inspection
What information would you expect to see in an inspection report
Identification and description of property and its locality
Highlight any factors which are valuation significant eg disrepair. Photographs and a plan
Anything stated in the terms of engagement eg checking legal tile
How much time and effort should be spent on inspection?
As much as is necessary to produce a professionally adequate valuation, the extent of the inspection will be detailed in the terms of engagement
What would you do if it was assumed there wasn’t asbestos, but there was?
The valuer should discuss this with the client and agree revised terms of engagement before the report is issued.
What would you do if a limited inspection suggested a problem may be present?
I would follow the trail as far as possible
What if the problem you identified was of a specialist nature?
I would not step beyond my expertise or significantly beyond terms of engagement. I would raise the matter with the client and recommend a more extensive investigation or specialist advice.
What are material considerations?
Considerations which have an impact on value
What are some examples of material considerations?
Location
Use and planning
Buildings:
Size/dimensions
Accommodation
Etc
Are you under any duty to check this information?
Yes, some of it will be first hand from my inspection but all secondary information should be verified using reasonable care, any limitations need to be made clear
How would you go about an inspection after terms of engagement are agreed?
Client to provide as much info as possible
Arrange access
Risk assessment
Equipment check
Use a logical method eg externally inspect first and note address, occupier, and use of each area.
Take photographs
Sign in and out
Look at neighbourhood properties
Check before leaving that all required information has been collected
What is a deleterious material?
Building materials that degrade with age causing structural problems eg RAAC
What is a hazardous material and have you come across any on your inspections?
Materials that are hazardous to health.
I have inspected several buildings where asbestos was present, however, my risk assessment showed that the asbestos was in low concentration compound materials and was stable, I continued my inspection and made a note in my report.
Which asbestos type is the most dangerous?
Blue
Why is removing asbestos dangerous?
The fibres when it breaks up can be inhaled and cause asbestosis. Removal and disposal is now regulated by HSE and carries significant costs which can affect a valuation.
What different types of air conditioning might you come across on an office inspection?
Comfort cooling - doesn’t bring in outside air and offers localised cooling
Air con controls air temp and humidity with several different types, central station plant, fan coil unit, variable air volume.
How would you detect mould on an inspection?
Smell and mould growth are indicators but I would confirm with a damp meter.
Have you ever inspected a building with damp and what was the cause?
I have inspected a house that had blocked guttering causing penetrating damp through water ingress through a saturated solid wall. It also had a leaking roof valley, failed pointing and rising damp due to a failed dpc.
How would you detect dry rot on an inspection?
Presence of spores and wood which has lost the internal structure and therefore collapses when pushed.
What might horizontal cracks in an external wall indicate?
Wall tie failure
Which buildings are most at risk?
Those with cavity walla which are located in an exposed position, say by the sea
What were the victorian periods of archictecture?
Broadly 1840 to 1900
What guidance is there concerning property inspection?
RICS VPS 2 and UKGN 4 both offer guidance on undertaking property inspections.