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Surveyors carry out Stock Condition Surveys for an entire property portfolio, which may consist of several property types in multiple geographic areas. When the team from the local office of a large international property consultancy firm surveys the condition of a property in a portfolio, that survey not only helps with the local property’s short-term and long-term planning needs. The survey of the local property also helps the property owner (the large firm) determine how best to allocate resources among many properties in the portfolio and where to look for the lowest-cost instance while maintaining best service levels.
When do you require a Stock Condition Survey?
When a property is rented to a tenant, the contract between the two parties requires the tenant to maintain the property in a good state unless the landlord is responsible for the repair in the first place. This is common sense, and it is also required by law in certain circumstances. Yet even with tenant and landlord doing their part, things can still go wrong. In this situation, who is ultimately responsible? The survey report is quite clear on this. It states comprehensively that either the tenant is responsible if the damage occurred because of negligence in carrying out the basic tasks required to maintain the property or that the landlord is responsible if the tenant is doing all he is supposed to do.
What is the purpose of a Stock Condition Survey in Manchester?
The Manchester surveyors focus on surveying the condition of property assets and large portfolios. They carry out surveys of varying service and detail levels, whether it’s for a specific element or an entire building. If you need any additional work done, our surveyors can combine the work with other report types, such as Specific Defect surveys or Damp Reports, to eliminate needless repeat site visits and save you some money.
In addition, as a part of the evaluation, they can identify any health and safety problems and cite any failures to conform to the Decent Homes Standard. The Decent Home Standard is the baseline that landlords must meet – the minimum acceptable level at which they must provide housing.
It is very important for any landlord or property owner to allow surveyors to identify and pick out any hazards, inconsistencies, or noncompliant issues concerning the property. Keeping the property in good condition is a legal obligation, makes good commercial sense, and mitigates the risk of poor publicity, and litigation.
Local housing authorities, landlords, and various social housing providers can also access SCS data to guide asset management and investment program decisions. More importantly, the SCS yields information about what kinds of houses are most likely to be found in a given area, which is crucial knowledge that local housing authorities need in order to do effective long-range planning.
Who are the reports intended for?
Typically, public sector bodies, private landlords, commercial operators, and charitable organizations. Our panel of stock condition surveyors for Manchester, is currently preparing reports on a cyclical basis for local authorities and councils as well as for schools, colleges, and universities.
The panel of Chartered Surveyors takes on projects of all scales and kinds. They possess the proper credentials and experience to manage hefty, large-scale undertakings. Not only this, they also serve residential home buyers and clients needing help with commercial building projects.
In what ways can a Stock Condition Surveyor provide assistance?
In the current economic environment, many organizations are still very focused on achieving cost savings. The information those organizations provide can be pivotal to making well-considered strategic decisions about your property portfolios. Their insight can help you identify the large defects that could prove to be dangerous and expensive. But their information is also useful to help you ensure that your assets are maintained in good condition on a day-to-day basis, which is key to effective management. Keeping your property in good condition leads to successfully propelling your property assets toward their highest and best use.
The team can also help by preparing a Schedule of Works for projects that need to be undertaken and a budget of costs that goes along with that. The Schedule of Works and cost estimate together give a proactive, full picture of what a project entails so that a landlord or managing agent can better plan for it. That way, they can avoid the pitfall of letting deferred maintenance turn into a costly problem that requires halfway repair solutions.
Please get in touch with our qualified team if you want to talk about your property portfolio and require Stock Condition Surveys.
Surveys of Commercial Property
If you’re thinking of acquiring, leasing, subletting, disposing of, or altering commercial premises in Manchester, you would be well advised to locate a surveyor skilled in the nuances of commercial building surveying – should you spot a defect in a commercial building you can use that information to negotiate an asking price for the property that’s considerably lower than what the seller originally wanted, or you can talk your way out of a bad deal altogether.
Our Manchester-based team of RICS-compliant commercial building surveyors is equipped to handle matters throughout Manchester.
Contact
Our team prioritizes client care above all else. We look forward to being in touch with you so you can instruct a surveyor in Manchester, London, Bristol, Birmingham or Cardiff. You can reach out to us easily. Just fill out our form, and we’ll get back to you with a free quote for your survey. All our surveyors are qualified as members of the Royal Institution of Chartered Surveyors (RICS) and we are one of the UK’s leading providers of building survey and valuation services:
- Accredited Professionals: Certified by organizations like RICS, CIOB, and RPSA.
- Customized Survey Reports: inspections to meet your specific requirements.
- Local Expertise: Deep understanding and specialized knowledge.
- Expert Guidance: Professional recommendations and support.
The property survey you commission will be carried out by an accredited professional. Your chartered surveyor will be a member of the Royal Institution of Chartered Surveyors (RICS) or the Chartered Institute of Building (CIOB), or will belong to some other industry-standard professional body. Rest assured; you will receive highest quality of professional service for your survey.
