If you’re planning to carry out any construction work that involves a shared wall or boundary between two properties, you may need to appoint a party wall surveyor to ensure compliance with the Party Wall Act of 1996. However, you may be concerned about the costs involved in hiring a party wall surveyor, and how to budget for your property project. In this article, we’ll take a closer look at party wall survey costs, including the factors that influence the costs, the different types of fees, and how to budget for your project.
The costs of party wall surveying can vary depending on several factors, including:
Type of Work – The type of construction work involved, such as excavation, building a new wall, or removing a chimney, can impact the level of surveying required and the associated costs.
Number of Adjoining Properties – The number of neighbouring properties affected by the work can also influence the costs, as there may be additional surveying or legal fees involved.
Complexity of the Project – The complexity of the project, such as the need for specialist engineering or legal advice, can also impact the costs.
There are typically two types of party wall survey fees, including:
Fixed Fees – These are fees that are agreed upon at the outset of the project, and are based on the estimated time and work involved.
Hourly Rates – These are fees that are based on the number of hours worked by the party wall surveyor, and can vary depending on the level of expertise required.
To budget for your party wall survey costs, you should consider the following steps:
Determine the Scope of the Work – You should identify the specific construction work involved and the number of adjoining properties affected.
Get a Quote from a Party Wall Surveyor – You should obtain a quote from a qualified and experienced party wall surveyor, who can provide an accurate estimate of the costs involved.
Set Aside a Contingency Fund – You should set aside a contingency fund, typically around 10% of the total project cost, to cover any unforeseen expenses or disputes that may arise.
Plan Ahead – You should plan ahead and factor in the party wall survey costs in your overall project budget, to avoid any financial surprises or delays.
Party wall survey costs can be a significant factor in any property project that involves shared walls or boundaries. By understanding the factors that influence the costs, the different types of fees, and how to budget for your project, you can ensure that you’re prepared for the associated expenses and avoid any financial surprises. At Faulkner Surveyors, we provide expert party wall surveying services at competitive rates, to help you navigate any party wall disputes or concerns. Contact us today to learn more about our services and how we can help you with your property project.