The different types of RICS Residential Survey
There are 3 different types of property report from the Royal Institution of Chartered Surveyors (RICS) for the residential homebuyer, one of which includes a valuation of the property, but you can also have just a valuation on its own.
We provide a brief outline on each below but you can click on an icon to be taken to the page covering the individual report in more detail.
The RICS HomeBuyer Report is the most popular survey amongst homebuyers today and it includes a valuation of the property.
This survey is unlikely to be suitable for property that is more than 150 years old.
It is specially designed to be easy to read and user friendly.
This is a relatively new type of report, essentially a follow on from the HomeBuyer, but designed to keep the cost to a minimum.
A valuation is not included and the report does not have a focus on making recommendations though it will cover any defects.
It is unsuited to older or larger property.
This is the most comprehensive survey report available from the RICS.
It may cost more but many feel nevertheless it is cost effective as they will be fully informed of life's most expensive purchase.
It will cover any type of property regardless of age.
Most RICS valuations are undertaken for those wishing to sell a shared ownership home.
They can also be carried out for any reason that requires a proper, professional value to be placed on a property.
This value can in some cases be an historic one.