Posted: Thursday November 17, 2022
Whether you are an instiutional owner, corporate body or any client with a large portfolio of buildings, it is important to be in the know when it comes to the upkeep of the buildings and items you own. The best way to stay on top of maintenance and the properties under your name is to conduct stock condition surveys. So, what is a stock condition survey and why is it important?
The main purpose of a stock condition survey is to check condition of the buildings and help plan budgets for upkeep and major capital expenditure. The level of detail can vary dramatically, depending upon the client needs. The conditioncan consider properties on a fairly general condition rating, to identifying individual defects.
Stock condition surveys are most commonly needed by large associations that have a lot of properties under their name and need to make sure they plan ahead for any potential liabilities or upkeep costs. It can also help companies to keep on top of their budgeting and financial forecasts since they have an accurate idea of what maintenance will need to occur, and when.
Generally, stock condition surveys are carried out to assess the condition of any given building to establish the upkeep. This is especially important to plan for cashflow and ensuring buildings do not represent a risk to occupants or members of the public. This survey is a means to working out what maintenance needs to be carried out, whether the building meets health and safety standards, and if it is an appropriate place in a fit state to be used for that purpose.
A stock condition survey can also be helpful for businesses that own a lot of buildings or for those who rent out properties in order to keep on top of the areas they own. For those trying to profit from their lettings, a stock condition survey offers the security of knowing when any maintenance or alterations will need to be carried out and how expensive any failures are likely to be. It also promises the ability to catch any problems before they escalate, therefore making them less expensive as well as quicker and easier to fix. Overall, a stock condition survey can save you a lot of money in the long run as you can enact repairs efficiently and avoid leaving your building unusable for any longer than absolutely necessary.
To the untrained eye, it could seem almost impossible to work out the age of a washing machine or the energy efficiency of a home, let alone repeat the whole surveying process for tens or hundreds of properties. If you need your buildings surveyed but don’t have the time or knowledge to do it yourself, let Dabinet help you. We are Chartered Surveyors in Manchester and our team is highly experienced and specialised in completing this exact task. So, if you are looking for help with Stock Condition Surveys Manchester based, make sure to save yourself time and stress by contacting Dabinet today at 0161 292 7085, or make sure to fill out our contact form.