Types of RICS Reports

Covid-19

Thankfully the Covid situation seems to have improved enough for local Government to allow the property sector to reopen again. So it is with great pleasure that we can announce that we will be open to provide surveys again from Monday the 22nd June.

I would like to thank you all for understanding that we had to close for a few months and if you have any questions please feel free to contact me by clicking on the "contact us" link. 

Kind Regards,

 Jeremy Brady

As a homebuyer there are several different RICS reports available to the you, and knowing which one is right for you and the property you’re looking at is really important.

Aren't all Surveys the Same?

The different types of RICS reports

Contrary to popular belief not all reports are applicable to all property types. Even what you intend to do to the property after you buy it can have a bearing on which of the RICS reports you’ll need.

Ultimately there isn’t a simple guide that starts categorically that ‘this type of property needs this type of report’ as it will typically come down to the experience of your chosen surveyor.


Thankfully it’s easy to tap into your surveyors experience. Simply give us a call or request a call back and a surveyor will speak to you one to one.

Simply tell us the address of the property you’re considering and thanks to the internet we’ll normally be able to look at on street view or via the agents website to get a better idea of construction type and age etc. 

We’ll also ask you a few questions about your intentions regarding the property such as whether you intend to carry out minor or major alterations or extensions etc.

All this information should allow us to advise you on the best type of RICS report given your unique position and property you’re considering. 

This advise ifs free and you’re under no obligation to book a survey with us.

Below I’ve have prepared a rough guide which will help you get an initial idea of which report may be most suitable for your situation. Although we would always advise you to discuss the options with us prior to making your final decision.


Your Rough Guide to RICS Reports:

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Taking everything I’ve said above into consideration, I’ll try to give you a very rough guide to RICS surveys showing how you can get an initial idea as to which type of RICS survey may suit your particular situation. 

It’ll also give you a little insight into the different RICS reports available.

Types of RICS House Surveys:

  1. RICS Condition Report - this is often referred to as a level 1 report. It focuses purely on the condition of the property and uses the standard RICS traffic light system to highlight areas that require attention.
Condition reports are more suited to fairly new, small to regular sized homes in fairly good condition. The report will highlight major issues but does not contain any advice or a valuation.


  2. RICS HomeBuyer Survey (without a valuation) - this is a level 2 report that focuses on more detailed information but does not contain a valuation section. As such they are a bit cheaper than a HomeBuyer Report with a valuation section.

The surveyor will carry out an in-depth visual survey of the property before reporting any issues in a clear and easy to understand report using the RICS’s traffic light system. The RICS HomeBuyers report will also advise on repairs and maintenance.

The HomeBuyer report will be more relevant to older homes which potentially may require some works after purchase.


  3. RICS HomeBuyer Survey (with a valuation) - as above but with a valuation section so that you can see whether or not the price you have agreed is reasonable. It will also give a rebuilding cost for insurance purposes.


  4. RICS Building Survey - as a level 3 report, this survey is much more extensive and offers detailed information on the structure and fabric of the building. Including visible defects and hidden flaws.

The Building survey is the most in depth pre-purchase report available and would be the preferred choice if the property you’re considering is very old, complicated, listed or if it requires major renovation works.

As you can see from above not all of the RICS reports available are going to suit every property.

Hopefully you’ll now be in a better position to know which report might be the best option for you. 

It’s always a good idea to have a chat with your surveyor who’ll be able to advise you further before making your final decision.

If you still have a few questions about RICS house surveys or which one you should go for when buying your next home in N.Ireland please feel free to call me, send me a message or request a call back and I’ll gladly point you in the right direction.


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