Types Of Surveys

Types of Surveys and How Much They Cost

In the process of purchasing a property, one of the crucial steps to ensure your investment’s safety is getting a house survey or valuation. Understanding the types of surveys available and their associated costs can help you make informed decisions and avoid unexpected expenses down the line.

Here’s everything you need to know about different types of surveys and their costs.

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What is a House Survey?

A house survey is an in-depth inspection conducted by a chartered surveyor to assess a property’s condition. It helps buyers understand any existing problems or potential risks before finalizing the purchase. Typically, the cost and detail of the survey vary depending on the type chosen and the property’s characteristics.

Buying a property is a significant financial commitment, and ensuring its structural integrity is crucial. House surveys provide detailed insights into a property’s condition, highlighting any potential issues that may not be visible during a standard viewing.

RICS stands for the Royal Institution of Chartered Surveyors, and a RICS surveyor is a professional who provides expert advice and guidance on all aspects of property, land, and construction.

Factors Affecting Survey Costs

The cost of a house survey varies based on several factors:

Type of Survey: Different surveys offer varying levels of detail and hence, vary in cost.
Property Value: The higher the property value, the more detailed and expensive the survey tends to be.
Location: Survey costs can differ based on regional variations in pricing and demand for surveyors’ services.

Survey costs differ due to the level of detail provided and the expertise required to conduct each type of survey. More comprehensive surveys involve deeper inspections and hence, cost more.

RICS Home Survey Level 1

This is the most basic survey and provides a general overview of the property’s condition.

Suitable for: Standard properties and new homes.

Typical Cost: £300 – £900 depending on location and property value.

A Home Survey Level 1 identifies visible defects and provides a condition rating, highlighting issues that require further investigation.

You may find the following useful:

RICS Home Survey Level 2

More detailed than Level 1, it assesses the property’s condition with advice on necessary repairs.

Suitable for: Properties in reasonable condition.

Typical Cost: £400 – £1000 depending on location and property value.

Home Survey Level 2 includes a valuation option and provides advice on repairs and maintenance issues.

You may find the following useful:

RICS Home Survey Level 3 (Full Structural Survey)

Comprehensive and detailed survey.

Suitable for: Older properties or those in poor condition.

Typical Cost: £630 – £1500 or more, depending on property value.

A Full Structural Survey provides a thorough analysis of the property’s condition, highlighting potential risks and estimating repair costs.

You may find the following useful:

Choosing the Right Survey

Choosing the right house survey is essential for protecting your investment and avoiding potential future expenses. At Kerr & Watson, we understand the importance of making informed decisions when purchasing a property.

For personalised advice on house surveys and to get started with your property purchase, contact Kerr & Watson today. Our team of experienced brokers is here to help you navigate the complexities of property surveys and ensure a smooth transaction.

Remember, investing in a thorough house survey now can save you from unexpected costs later.

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We take the time to understand your situation so that we can search for the perfect mortgage and insurance for you. Any recommendation made is completely bespoke to your circumstances.

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Mortgage and insurance advice is our speciality. We have decades of combined experience giving us the knowledge to overcome challenges and find the perfect solution for your needs.

Communication

We work around your schedule to arrange a mortgage or insurance policy that suits your needs. You’ll be kept updated throughout the entire process with clear communication so you’ll always know what’s going on.

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Frequently Asked Questions

▸ ▾ What are the different types of house surveys?

There are three main types of RICS house surveys:

Level 1: Condition Report – Basic overview of the property’s condition.
Level 2: HomeBuyer Report – More detailed, includes advice on repairs.
Level 3: Building Survey – A full structural survey for older or unusual properties.

▸ ▾ Which survey do I need when buying a property?

It depends on the age and condition of the home. For newer homes in good condition, a Level 1 or 2 is usually enough. For older homes or those in poor condition, a Level 3 Building Survey is recommended. Still unsure? Kerr & Watson can help you decide the right fit.

▸ ▾ How much does a home survey cost in the UK?

Costs vary based on property value, location, and survey type:

Level 1: £300 – £900
Level 2: £400 – £1,000
Level 3: £630 – £1,500+
Prices can fluctuate, so it’s worth getting a quote based on your specific property.

▸ ▾ What’s the difference between a mortgage valuation and a house survey?

A mortgage valuation is for the lender – it simply checks the property is worth the amount you’re borrowing. A house survey, on the other hand, is for you – it checks the condition of the property and highlights any defects or risks.

▸ ▾ Do I need a survey if I’m getting a mortgage?

It’s strongly recommended. A mortgage valuation doesn’t cover structural issues, damp, or needed repairs. A separate house survey helps protect your investment and avoid surprise costs later.

▸ ▾ What does a Level 2 HomeBuyer Survey include?

A Level 2 survey includes an inspection of the property’s condition, visible defects, signs of damp, and advice on necessary repairs and maintenance. It may also include a property valuation.

▸ ▾ Is a Level 3 Building Survey worth it?

If you’re buying an older property, a home that’s been renovated, or something that looks like it might need work – absolutely. A Level 3 survey is the most thorough and gives you a detailed report on structure, potential repairs, and long-term issues.

▸ ▾ Do surveyors check for damp and electrical issues?

Yes, surveyors look for visible signs of damp and electrical problems. While they don’t do in-depth tests, they’ll flag anything that may need further investigation by a specialist.

▸ ▾ Will a surveyor go into the loft or roof space?

Yes – if it’s safe and accessible, most surveyors will inspect the loft or roof space as part of Level 2 or 3 surveys. They’ll check insulation, ventilation, and any structural concerns.

▸ ▾ Can I choose my own surveyor?

Yes. While your mortgage lender may instruct their own valuation, you’re free to choose your own surveyor for an independent report. At Kerr & Watson, we can point you in the direction of trusted local RICS surveyors.