Property Surveys

Why Get a Survey?

A property survey is a detailed inspection of a property's condition. It helps identify any problems that might need expensive repair work and can be a powerful negotiating tool when discussing the purchase price.

Benefits:

  • Identifies structural problems and necessary repairs
  • Helps with price negotiations
  • Provides peace of mind about your investment
  • May be required by mortgage lenders

Types of Surveys

RICS Condition Report (Level 1)

The most basic survey suitable for newer properties in good condition.

  • Traffic light ratings for different parts of the property
  • No advice or valuation included
  • Typically costs £300-£900

RICS HomeBuyer Report (Level 2)

The most popular survey type, suitable for conventional properties in reasonable condition.

  • More detailed than a Condition Report
  • Includes advice on repairs and maintenance
  • Optional valuation and rebuild cost
  • Typically costs £400-£1,000

RICS Building Survey (Level 3)

The most comprehensive survey, essential for older or unusual properties.

  • Thorough analysis of structural condition
  • Detailed advice on repairs and maintenance
  • Information about potential future issues
  • Typically costs £600-£2,000

What to Do with Survey Results

Once you receive your survey results, you have several options:

Minor Issues

  • Budget for future repairs
  • Get repair quotes
  • Proceed with purchase if comfortable

Major Issues

  • Renegotiate the price
  • Ask seller to fix issues
  • Consider withdrawing offer

Pro Tips

  • Always use a RICS qualified surveyor
  • Attend the survey if possible to discuss findings directly
  • Don't skip a survey to save money - it could cost more in the long run