If you’re looking to jump on the property ladder in Norfolk, a home survey should be one of your top priorities after making an offer. An RICS home survey (Royal Institute of Chartered Surveyors) details any structural issues, allowing for fair negotiation. Here’s a brief look into the methodology behind our Norfolk RICS surveys.
Understanding What House Surveys Are
House surveys provide a detailed overview of a property’s condition and highlight issues in a clear format. A home is often the most expensive investment in a lifetime, which is why precision in surveying is a fundamental part of the home-buyer journey.
During an RICS home survey, one of our RICS accredited surveyors will conduct a thorough visual inspection of the property and then provide you with an extensive written report. Every member of our team adheres to the RICS Home Survey Standard, which details the high professional standards our surveyors are required to maintain when conducting inspections and preparing reports.
Different Types of Home Surveys
The type of RICS survey you require will depend on the type of property you’re interested in. In a bid to boost accuracy, consistency, and transparency, RICS introduced alternative levels of surveying on 1st March 2021. Here’s an overview of each level:
Level 1 house survey: Previously called “condition reports”, level 1 surveys detail the condition of a property, outlining any potential legal or structural risks. This report is aimed at conventional properties and buyers, and they’re the cheapest option. Please note, this is not a survey we offer because it is very basic and not considered value for money.
Level 2 house survey: Previously called a Home-buyer Report, an RICS level 2 survey checks that properties are in a reasonable condition. This report also offers suggestions for future repairs and work.
Level 3 house survey: A level 3 survey, previously the “RICS building survey” or “Structural Survey” is the most comprehensive. It offers an extensive analysis of the condition and includes advice on repairs, maintenance, and existing defects. If you’re buying an older home or if you have plans for major work, choose this survey.
Check out our home page to learn more about each survey level and to figure out which is right for you.
Are Home Surveys a Requirement?
Having an RICS survey completed is not a legal requirement in England and Wales. However, it’s highly recommended to ensure peace of mind when putting in an offer. Even though an RICS house survey in Norfolk adds to the cost of buying a house, it’s much cheaper than dealing with unexpected property issues. Additionally, the results of an RICS survey can help you negotiate the price.
Getting the Most Out of a House Survey
To get the most out of the house survey, be 100% transparent about any specific concerns you have with the property. Doing this allows the surveyor to ensure you get the required level. If you wish to get an idea of the type of information on each report, don’t hesitate to contact us for a copy of previous examples.
An RICS survey is a crucial part of any home-buyer's journey. Say no to non-disclosed and costly property issues by getting in touch with our team today.