What is a Stock Condition Survey used for in Wimbledon London?
When surveyors conduct Stock Condition Surveys (SCS), it is to assess a property portfolio, under several classes of property in several geographical locations to record the condition and indicate what is considered necessary in the short term and what to include in long-term plans. They store as much practical information as possible in their database and extract the information required regularly to inform rolling maintenance programmes and look for best price instances while services are being provided. The survey can include one property or many.
When is a Stock Condition Survey needed?
Where a property is let to a tenant, it is a requirement of the contract to maintain the property to a good standard, unless those repairs fall within the responsibilities of the landlord. Undoubtedly there is also liability in law where one property owner sues another for damage caused by another party. Customers expect the companies they deal with to provide a product that performs to the standard required.
The survey also provides clients with an accurate review of the condition of their properties, giving vital information on any costly repair items likely to require attention within a given timescale to help with future budgeting and investment requirements.
Wha is a Stock Condition Survey used for in Wimbledon London?
The surveyors in Wimbledon London specialise in stock condition surveys for property assets and large portfolios. They can carry out surveys of different levels of service and detail whether it is a specific element or a block of flats. If you have any further requirements, our panel of surveyors can also combine the survey with any other reporting suites such as Specific Defect surveys or Damp Reports to prevent multiple site visits and cost utilisations.
Also, as part of the assessment, they can pick out any health and safety issues and mention any non-conformities towards the Decent Homes Standard. The decent home standard is the minimum standard for housing that landlords must meet.
Allowing the surveyors to pick out any hazards or problems that are not compliant is crucial for any landlord or property owner. Keeping the asset of your property(s) in top condition makes good commercial sense and is also a legal obligation, therefore avoid such issues as poor publicity, litigation, etc.
Local housing authorities, landlords and some social housing providers might also find SCS data useful to help inform future asset management and investment programmes. What’s more, information on the condition of which types of houses are prevalent within an area will help local housing authorities plan their future housing mix and proper allocation of ever-scarce capital resources.
Whom do the reports serve?
Ordinarily public sector bodies, private landlords, commercial operators and charitable organisations. Our panel of Wimbledon London stock condition surveyors are currently doing reports on a cyclical basis for local authorities and councils, schools, colleges and universities.
The team of Chartered Surveyors work on projects of all sizes and types. They have the appropriate experience to handle large-scale projects, but are also happy to assist clients with their residential home buyers or commercial building.
How can a Stock Condition Surveyor help?
Given today’s economic climate, with cost savings are still very much front-of-mind for many organisations, the information they provide can be crucial to making informed strategic decisions relating to your property portfolios. In addition to helping you spot the big defects that could be dangerous and costly in the long term, it can also help you ensure that your buildings are regularly and properly maintained, for good day-to-day management. Maintaining the condition of your property assets is also a key factor in property planning and budgeting, and successfully capitalising on the value of your stock.
The team can also be of assistance through the preparation of a Schedule of Works for project works that are to be undertaken, together with a budget of costings to provide a full picture which can again be proactive and cost-effective by enabling a landlord or managing agent to undertake planned preventative maintenance and reduce the cost of reactive maintenance works and call-out charges.
If you would like to discuss your property portfolio and requirements for Stock Condition Surveys please contact our professional team.