RICS Home Buyers Survey: Everything You Need to Know Before Buying a Home

Buying a house is one of the biggest investments you’ll ever make. You’ve likely spent months searching for the perfect property, weighing up costs and considering your options. But what happens when the excitement of finding “the one” leads you straight to signing the papers, only to be hit with unexpected repair bills? This is where Home Buyers Surveys come in. Whether you’re a first-time buyer or a seasoned homeowner, having your potential property thoroughly surveyed can save you from costly surprises.

In this guide, we’ll explore the different types of surveys available, the value they provide, and why they are essential in making an informed property purchase decision.

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Why You Should Get a Home Buyers Survey

Buying a home without a survey can be like purchasing a car without checking under the bonnet. While the exterior may look fine, hidden defects could be lurking beneath. These defects—whether structural issues, dampness, or problems with wiring—might not be obvious during your initial viewing.

The Home Buyers Survey is designed to give you an in-depth understanding of the property’s condition before you commit to the purchase. The aim is to provide peace of mind by revealing any hidden problems, and helping you decide if the property is worth its asking price or if you should negotiate. 

According to research, home buyers who forgo surveys often find themselves paying thousands in unexpected repair bills later. By investing in a survey, you’re protecting yourself from making a poor financial decision.

The Different Types of RICS Surveys Explained

When it comes to house surveys, the Royal Institution of Chartered Surveyors (RICS) offers three primary levels of assessment: Level 1, Level 2, and Level 3. The type of survey you need depends on the age, condition, and complexity of the property you’re buying. Here’s a breakdown of each:

RICS Surveyor Logo

RICS Condition Report (Level 1) 

A Level 1 survey is the most basic option, suitable for newer properties or those in relatively good condition. It provides a snapshot of the property’s condition and identifies any urgent defects that may need immediate attention.

  • Who it’s for: Buyers of modern properties in good condition.
  • What’s included: An overall assessment of the property’s condition, highlighting areas that need attention, but without going into too much detail.
  • Value: It’s a cost-effective option for buyers seeking reassurance on a property in relatively good shape. However, it won’t cover in-depth structural issues.

RICS Home Buyers Survey (Level 2) 

The RICS Level 2 Survey, often referred to as the Home Buyer Survey, is one of the most popular options. It is designed for properties that are in reasonable condition but may have a few defects. It offers more detail than a Level 1 survey, covering both the interior and exterior of the property.

  • Who it’s for: Buyers of conventional homes that are not overly old or in significant disrepair.
  • What’s included: A detailed examination of the property’s condition, including potential issues like damp, subsidence, or structural movement. It also provides advice on repairs and ongoing maintenance. Importantly, it includes a valuation, which can be helpful for negotiating the price.
  • Value: This survey strikes a good balance between cost and detail. It is highly recommended for most home buyers as it gives an accurate picture of the property’s condition.

RICS Building Survey (Level 3)

For older or more complex properties, a Level 3 survey—also known as a Building Survey—is the most comprehensive option available. This survey provides an in-depth analysis of the property’s structure and identifies any significant defects.

  • Who it’s for: Buyers of older, larger, or non-standard homes, including those with unique architectural features or that have undergone significant renovations.
  • What’s included: An exhaustive examination of the property, including the roof, walls, floors, and foundations. The report will provide details on necessary repairs, the severity of issues, and the potential costs involved. A Level 3 survey does not typically include a valuation.
  • Value: Though more expensive, this survey is essential if you’re purchasing a property that’s older or in poor condition. It’s a wise investment to avoid future repair bills that could run into tens of thousands.

What Does a RICS Surveyor Look for at the Property?

When a surveyor visits your potential new home, they are primarily looking for signs of structural issues or defects. These can include:

  • Dampness and rot: Both internal and external signs of moisture damage.
  • Structural movement: Cracks in walls, uneven floors, or evidence of subsidence.
  • Roofing issues: Missing tiles, leaks, or structural damage to the roof.
  • Electrical and plumbing systems: General safety, condition, and whether these systems comply with regulations.
  • Drainage and insulation: Check for signs of poor drainage or lack of insulation, which can lead to expensive fixes in the future.

Surveyors will also examine the condition of windows, doors, and other fittings. Depending on the survey level, you’ll receive a detailed report that lists each of these elements and their condition.

Should You Get a Valuation at the Same Time?

Many buyers wonder if they should get a valuation alongside their house survey. A valuation assesses the market value of the property, while a survey evaluates its physical condition. While mortgage lenders often require a valuation, it’s not always included in every survey. For example, a Level 2 Home Buyers Survey can include a valuation, while a Level 3 Building Survey typically does not.

Having a valuation alongside your survey gives you an opportunity to negotiate the property price based on both its condition and market value. This can be particularly useful if the survey uncovers issues that lower the property’s worth.

The Value of a Building Survey: Protect Your Investment

By now, it should be clear that a home survey is not just a box-ticking exercise—it’s a crucial step in protecting your financial investment. Skipping a survey might save you money in the short term, but it can cost you thousands in unforeseen repairs down the road. Whether it’s a cracked foundation, roof issues, or faulty wiring, a good surveyor will uncover these issues, giving you the power to negotiate or even reconsider your purchase.

Surveys are also a way to understand the long-term maintenance and care your future home will require. Knowing what to expect can help you plan for ongoing costs and ensure that the property is a sound investment for the years to come.

Ready to Get Started? Book Your RICS Survey Today

Don’t leave your property purchase to chance. A comprehensive RICS Survey can save you from the financial and emotional stress of discovering hidden issues after the sale. 

To schedule a consultation or book your survey, simply fill out our enquiry form or call us at:  

Within London: 020 8622 5302  

Outside of London: 01903 641 517

Take control of your home-buying journey today and ensure your future home is everything you hope it will be.

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If you would like to speak to a friendly and helpful member of our team, ask questions, discuss option or to help with anything on your mind, please get in touch.

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