A building survey is a detailed investigation or inspection of the construction, building fabric and services of a property. It enables the building surveyor to highlight structural defects and other shortcomings of a maintenance or repair nature and to advise what impact its condition will have on the client. A building survey is usually commissioned prior to the purchase or lease agreement of a commercial unit, for example retail, commercial or industrial, etc.
The building surveying team carries out a thorough inspection of the building and its fixtures and fittings, plus services installations. This is to ensure the client receives a comprehensive report on the condition of the entire building. The final report follows a detailed examination of the fabric of the building by a professionally qualified Building Surveyor. We provide a budget estimate on the cost of significant repairs and identify less significant defects, general disrepair and issues with the physical condition, maintenance and building design.
Insurance Reinstatement Cost Assessment Valuations
A Reinstatement Cost Assessment for insurance purposes will advise on the anticipated cost of reinstating a building in the event of damage covered by an insured risk. It is critical to ensure that your principle assets i.e. your building stock, are adequately insured against loss. We provide expert advice across a broad range of building types and provide a current and up to date insurance valuation. Please note that reinstatement costs have no direct relationship to the market value of the property.
At ORS, we utilise the figures and information provided by the Society of Chartered Surveyors Ireland/Building Cost Information Service (RICS/BCIS) along with industry knowledge to calculate the Reinstatement Cost Assessment. This information is recognised by the insurance industry.
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