Buying a house is one of the biggest decisions most people will ever make. Serious problems are difficult to identify and costly to repair.
Having a survey that is carried out by a qualified person can mean avoiding a great deal of expense and stress.
Mortgage valuations are not surveys – they are just cursory looks / inspections of a property to assess how much that property is worth. They might include a note of the major works that are necessary that would affect its value. They are no substitute to a home survey being carried out by a competent Chartered Surveyor (RICS). Different homes require different types of survey.
Survey level one: RICS Condition Report
This shows the condition of the property, offers guidance to legal advisers and highlights any urgent defects. Typically the lowest priced of the surveys, it is aimed at conventional properties and newer homes.
Survey level two: RICS HomeBuyer Report
There are two options:-
- HomeBuyer Report (survey)
Includes all the features of RICS Condition Report. It also includes advice on defects that may affect the property with repairs and ongoing maintenance advice.
- HomeBuyer Report (survey and valuation)
Includes all the features of the RICS Condition Report plus a market valuation and insurance rebuilding costs. It also includes advice on defects that may affect the value of the property with repairs and maintenance advice.
Survey level three: RICS Building Survey
Essential for larger or older properties or if you’re planning major works. The most comprehensive report which provides you with in-depth analysis of the property’s condition and includes advice on defects, repairs and maintenance options.
Why use an RICS Agent
RICS agents act in your interest and follow strict rules of conduct and best practice to ensure they provide exceptional service.
Look up Chartered Surveyors in your area (RICS).