Appointing an RICS chartered building surveyor to carry out technical due diligence can be highly beneficial for a number of reasons:
Expertise: RICS chartered building surveyors are experts in building construction and maintenance, and are trained to identify potential issues and risks associated with a property. They can provide detailed reports on the state of a property and the repairs required, which is essential in ensuring that any issues are addressed effectively.
Understanding of the property market: RICS chartered building surveyors have a deep understanding of the property market and the factors that can affect property values. They can advise on the condition of a property and any potential risks that may impact its value, which can be valuable information for buyers, sellers, and investors.
Impartiality: RICS chartered building surveyors are bound by a strict code of conduct that requires them to provide impartial and independent advice. This means that they will provide an objective assessment of the property and any potential issues or risks, and will work to ensure that any recommendations are fair and reasonable.
Communication skills: RICS chartered building surveyors are trained to communicate complex technical issues in a clear and concise manner that can be easily understood by non-experts. This is important in ensuring that any issues or risks associated with a property are accurately identified and addressed effectively.
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Cost savings: By appointing an RICS chartered building surveyor to carry out technical due diligence, you can potentially save on costs in the long run. They can identify any potential issues or risks associated with a property, and ensure that any work carried out is done to a high standard, which can reduce the risk of future disputes and claims.
Overall, appointing an RICS chartered building surveyor to carry out technical due diligence can help to ensure that a property transaction is managed efficiently, fairly, and in accordance with the relevant legislation, potentially resulting in cost savings and a fair outcome for all parties involved.