Inspection Flashcards
1
Q
- What types of inspections have you undertaken for agency and valuation?
A
Inspections for valuations of various types of property. Inspection for various agency jobs and development appraisals.
2
Q
- Why are agency and valuation inspections different?
A
Same factors:
- Location
- Quality and condition
- Marketability
However, valuer looks objectively at the value of the property. Agents look at the marketability of the property and how to promote and sell the property.
3
Q
- What kind of equipment would you carry for an inspection?
A
- Notebook and pen
- Camera
- Disto measure
- PPE – boots, hi-vis, mask if needed
4
Q
- What due diligence do you do before an inspection?
A
- Location and travel plans
- Timings and lone working arrangements
- PPE Requirements and risks
- Equipment required
- Statutory enquiries
- Lease or Title documents
5
Q
- What do you look for on inspection?
A
- Locational factors – situation, access, flooding, substations, power lines, boundaries
- Market – potential comparables, affluence, vacancies, marketability, lease compliance
- Physical – construction, condition, specification, defects, health and safety
6
Q
- What are the different types of foundations?
A
- Four common types:
Strip – beneath walls of property
Raft – slab covering the footprint of the building
Piled – reinforced concrete piles into the ground
Pad – slab foundation beneath group of columns
7
Q
- How can you tell the different wall construction types?
A
- Solid wall – one brick thick, different laying styles (Flemish etc)
- Cavity wall – two layers of brickwork tied together (cavity can be filled with insulation)
Brick Features – Stretcher (length ways) or Header (short end)
8
Q
- What is the construction of a retail property?
A
- Generally steel or concrete frame with concrete floor. Let as shell
9
Q
- What is the construction/fit out of an office property?
A
- Generally steel or concrete frame.
- Full access raised floors, ceiling height of 2.6-2.8m. Ceiling void of 350mm and raised floor void of 150mm.
- Daylighting 300-500 lux average. Air-conditioning and double-glazed windows. Passenger lifts. 8 to 10 m2 general workspace density.
10
Q
- What is the quality of a Grade A offices?
A
- Modern = steel or concrete frame
- Steel frame = larger floors and less columns
- Raised floors and floor boxes (void 150mm)
- Ceiling 2.6-2.8m
- Ceiling void 350mm
- 300-500 Lux max daylight
- Air-con and double-glazing
- 8-10m² workspace density
11
Q
- What are the category offices?
A
- Shell and Core
- Cat A: Grade A as above
- Cat B: Fit out to occupier’s requirements
12
Q
- What are the Grades of Offices?
A
- Grade A: Brand new, high spec
- Grade B: No longer new, further out location
- Grade C: Poorer quality – 20+ years old
13
Q
- What is the specification of an industrial property sought by institutional investors?
A
- 8m eaves
- 5-10% offices
- C.40% site coverage
- Profile steel cladding with blockwork to 2m
14
Q
- What are the most common types of damp in properties?
A
- Rising damp = usually stops around 1.5m from ground level (caused by defective DPC)
- Penetrating damp = from leaking pipework
- Condensation = from lack of ventilation and heating
- Wet rot caused by damp and timber decay. Soft timber and musty smell
- Dry rot caused by fungal attack
- Can be measured with moisture meter
15
Q
- What are the most common types of movement in properties?
A
- Subsidence is vertical movement of a building’s foundation because of loss of ground support and change of conditions
- Heave is the expansion of the ground beneath – by tree removal or moisture build up
- Settlement
- Horizontal cracking from cavity wall tie failure
- Shrinkage from new plasterwork drying out
- Thermal expansion
