According to research carried out by Which.com and ComRes only 20% of home owners instruct a survey on their proposed purchase and on average the unexpected repair bill which home owners are faced with after moving into their new property and discovering these unexpected defects is 5,750. A survey will highlight these defects and give you the opportunity to re-negotiate with the vendor to ensure that the purchase price takes the defects into account.
The RICS Condition Report describes the condition of the property, identifies any risks and potential legal issues and highlights any urgent defects. It uses simple 'traffic light' ratings to clearly identify the condition of the key elements of the property. Typically, the lowest priced of the surveys, it is aimed at conventional properties and newer homes.
Aims to show up potential issues and defect before legal commitment to purchase the property. Includes all the features of the RICS Condition Report, plus a market valuation and insurance rebuild costs.
The RICS Condition Report describes the condition of the property, identifies any risks and potential legal issues and highlights any urgent defects. It uses simple 'traffic light' ratings to clearly identify the condition of the key elements of the property. Typically, the lowest priced of the surveys, it is aimed at conventional properties and newer homes.
Aims to show up potential issues and defect before legal commitment to purchase the property. Includes all the features of the RICS Condition Report, plus a market valuation and insurance rebuild costs.
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