The Royal Institution of Chartered Surveryors (RICS) has recently launched a new Building Survey to form the third product in the RICS Home Surveys range.
The RICS Building Survey is the most detailed report we provide; it is suitable for all property but is the obvious choice if you a buying an old property or a property which has been extended or altered.
The differences between the surveys are summarised as follows:
1. The RICS Condition Report: This report describes the elements which make up the house or flat (eg roof, chimney, walls) together with faults, defects and problems. A 1, 2 or 3 Condition Rating is provided. We are happy to carry out this type of inspection on property built after 1990. Fees start at £200 for a house or flat of up to £250,000 in value.
2. The RICS HomeBuyer Report: In addition this report includes more repair advice and information useful in helping decide whether to proceed. A Valuation is included. Fees start at £300 for a house or flat of up to £250,000 in value.
3. The RICS Building Survey Report: In addition the Building Survey outlines the risks of hidden defects, describes remedial options, identifies timescales and may provide cost advice. Fees start at £450 for a house or flat of up to £250,000 in value.
The new RICS Building Survey includes condition ratings and it is produced to a standard format branded in the same style as the RICS Condition Report and RICS HomeBuyer Report.
If any potential clients would like further information on the new Building Survey please contact Richard, Holly or Sue on 0845 4786305.