Why do you need a survey?
So why do you need an RICS Survey? Firstly, its important to remember that your mortgage lenders valuation report is not a survey. It merely tells your lender whether or not the property is reasonable security for your loan.
An RICS survey will tell you the actual condition of the property. That's vital information that can be invaluable during price negotiations, and will also help you avoid expensive surprises after you've moved in
Only a fifth of homebuyers commission a survey when moving house, despite the risk of hidden defects. The average repair bill faced by homebuyers who do not commission an independent survey is £5,750. By deciding to commission a survey on your new home will help highlight any serious problems and advise you of the specific risks before you commit to the process of buying or selling a property.
What Survey Do i need?
RICS has three different levels of survey. These can only be conducted by an RICS qualified surveyor (AssocRICS, MRICS, or FRICS) with the appropriate surveying experience. The type of survey you'll require depends on the age and condition of the property you're buying.
Most buyer choose a level 2 survey also known
as a Home Buyers Report, but for older properties, a more comprehensive survey
may be recommended- Level 3 building survey. For brand new
properties a level 1 Condition Survey may be more appropriate. Below are the three levels of survey available
which are explained in more detail.
Our Services
Choose this report if dealing with a large, older or run-down property, a building that is unusual or altered, or if you’re planning major works. Level 3 provides the most detailed report.
Choose this report if you need more extensive information on a conventional house, flat or bungalow, built from common building materials in reasonable condition.
Choose this report if you’re buying or selling a modern conventional house, flat or bungalow built from common building materials and in reasonable condition.