What do I need? Pre-purchase, Condition and Value, or just a Valuation Survey...
The difference between a Pre-purchase Survey and a Condition and Value Survey is
only in the amount of information given in the report. A Condition and Value report will
focus more only on the vessel's system deficiencies whereas the Pre-purchase report will
identify most or all the vessel's systems including entertainment and furnishings with more
photography... a larger report. The physical process of the vessel's inspection is just as
thorough for all types of surveys. Depending on the vessel, but not limited to, the hull and
deck structure(s) and systems, propulsion machinery and fuel systems, electrical systems
(AC and/or DC), electrical supply systems, batteries, bonding systems, genset, heads and
waste systems, domestic water system, hot water heater, pumps and filters, galley and
related equipment, LPG or CNG systems, air conditioning and/or heating systems, steering,
navigational equipment, anchoring and docking systems, sailboat rigging, spars, chain
plates, sails, and especially- safety systems are included in the inspection process.
A Pre-purchase Survey is most beneficial when purchasing a used or even a new vessel.
It will better describe all the complicated systems typically found aboard the contemporary
boat. It will also be universally accepted by insurance and financing companies. There are
times when your insurance company or financial institution might request a survey of your
vessel initially and/or henceforth every 4-6 years. They want to know the present condition,
location, and value for establishing risk etc. This will be a complete survey with a Condition
and Value report done as specified above, for minimum survey cost. The costs for all
surveys are given in the rates section of this site. Sometimes conditions do not permit a full
Pre-purchase Survey in which case a Condition and Value Survey and report will do.
There are times when only Vessel Valuation is desired for estate purposes, etc. This is the
same as a Condition and Valuation Survey. An accurate vessel valuation cannot be
determined and usually not accepted without a complete inspection of its' condition.
If I am requested to return for a resurvey to check for corrective actions on deficiencies, my
hourly rate applies plus travel charges.
The difference between a Pre-purchase Survey and a Condition and Value Survey is
only in the amount of information given in the report. A Condition and Value report will
focus more only on the vessel's system deficiencies whereas the Pre-purchase report will
identify most or all the vessel's systems including entertainment and furnishings with more
photography... a larger report. The physical process of the vessel's inspection is just as
thorough for all types of surveys. Depending on the vessel, but not limited to, the hull and
deck structure(s) and systems, propulsion machinery and fuel systems, electrical systems
(AC and/or DC), electrical supply systems, batteries, bonding systems, genset, heads and
waste systems, domestic water system, hot water heater, pumps and filters, galley and
related equipment, LPG or CNG systems, air conditioning and/or heating systems, steering,
navigational equipment, anchoring and docking systems, sailboat rigging, spars, chain
plates, sails, and especially- safety systems are included in the inspection process.
A Pre-purchase Survey is most beneficial when purchasing a used or even a new vessel.
It will better describe all the complicated systems typically found aboard the contemporary
boat. It will also be universally accepted by insurance and financing companies. There are
times when your insurance company or financial institution might request a survey of your
vessel initially and/or henceforth every 4-6 years. They want to know the present condition,
location, and value for establishing risk etc. This will be a complete survey with a Condition
and Value report done as specified above, for minimum survey cost. The costs for all
surveys are given in the rates section of this site. Sometimes conditions do not permit a full
Pre-purchase Survey in which case a Condition and Value Survey and report will do.
There are times when only Vessel Valuation is desired for estate purposes, etc. This is the
same as a Condition and Valuation Survey. An accurate vessel valuation cannot be
determined and usually not accepted without a complete inspection of its' condition.
If I am requested to return for a resurvey to check for corrective actions on deficiencies, my
hourly rate applies plus travel charges.
From the Surveyor's Notebook
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