/ Due Diligence Survey
Pre-acquisition advice is often required by a potential buyer or tenant prior
to their decision to purchase or rent a property. A wrong estimation by a
layman on the degree of remedial works required, ignorance on the potential
problem and operation cost could easily lead to a wrong investment and
Our advices include the following:
• method of construction of the building
• potential problems of the building,
health and safety hazard
• existing defects in the building and
rectification works required
• items that required periodical
maintenance and replacement
• how to utilize the building for maximum
performance and minimum operation cost.
• Checking the actual building area, net
rentable area compared to as-built.
K&P COVE CONSULTANCY offers our client 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.
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.