There are different types of house buying surveys, each offering varying levels of detail and analysis. Here are three common types:
- Condition Report: This is the most basic type of house buying survey. It provides a general overview of the property's condition, highlighting any significant issues that may affect its value or safety. Condition reports typically focus on visible defects and do not include in-depth investigations or recommendations for repairs.
- Homebuyer's Report (RICS HomeBuyer Report): This is a more detailed survey that includes a visual inspection of the property and a written report outlining any defects or issues found. Homebuyer's reports typically cover the property's structural integrity, internal and external features, and services (such as plumbing, heating, and electrical systems). The report may also include a valuation and an estimate of the cost of repairs for any identified problems.
- Building Survey (RICS Building Survey or Structural Survey): This is the most comprehensive type of house buying survey, suitable for older properties, properties in poor condition, or properties with unusual features. Building surveys involve a thorough examination of the property's structure, fabric, and condition, including detailed assessments of walls, roofs, floors, foundations, and other structural elements. The report provides a comprehensive overview of the property's condition, including any defects, potential problems, and recommendations for repairs or maintenance.