01/12/2020
The types of surveys available
RICS offers three types of survey:
1. RICS Condition Report
This survey is the cheapest and most basic RICS survey. It is used for a conventional house, flat or bungalow in a generally good state of repair.
It uses a traffic light system to rate the condition of different parts of the building, services, garage and outbuildings, showing problems that may require varying degrees of attention.
It provides a summary of the risks to the condition of the building and advice.
2. RICS HomeBuyer Report
This survey is the middle-of-the-road option and costs more. It is suitable for most modern homes as well as older properties that are in a reasonable condition.
RICS HomeBuyer Report (Survey)
The main objectives of the HomeBuyer Report (Survey) are to:
Make a reasoned and informed judgment on whether or not to proceed with the purchase
Assess whether or not the property is a reasonable purchase at the agreed price
Make clear what decisions and actions should be taken before contracts are exchanged
Your property surveyor will make a number of assessments, including:
The general condition of the property
Any major faults in accessible parts of the building that may affect the value
Any urgent problems that need inspecting by a specialist before you sign a contract
Results of tests for damp in the walls
Damage to timbers - including woodworm or rot
The condition of any damp-proofing, insulation and drainage (though drains aren't tested)
RICS HomeBuyer Report (Survey and Valuation)
This Report includes the HomeBuyer Report (Survey) above as well as:
The estimated cost of rebuilding the property after a fire, for building insurance purposes
The value of the property on the open market
3. RICS Building Survey
This is RICS’s most comprehensive report and is normally used for larger or older properties, or if you are planning major works.
It provides an in-depth analysis of the property's condition and includes advice on defects, repairs and maintenance options.
It is recommended for:
Listed buildings
Properties more than 30 years old
Buildings constructed in an unusual way, however old they are
Properties you plan to renovate or alter in any way
Properties that have had extensive alterations
Your surveyor will produce a final report which will reveal the detail of the construction of the property, the materials used and a list of all minor and major structural problems that may exist.
Such tests will identify:
Major and minor defects and what they could mean
The possible cost of repairs
Results of damp testing on walls
Damage to timbers - including woodworm and rot
The condition of damp-proofing, insulation and drainage (though drains aren't tested)
Technical information on the construction of the property and the materials used
The location
Recommendations for any further special inspection
4. Home Condition Survey
This survey is provided by the Residential Property Surveyors Association (RPSA), not RICS, and is suitable for all types of property.
It comprises an inspection and comprehensive report, including:
Colour-coded condition ratings
Photographs and diagrams
A debrief from the surveyor who will answer any questions you may have
