Residential Surveys
Home buyers are often in the dark about the condition of the property they're interested in.
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This can lead to extensive and expensive repairs down the line, as well as a lot of stress and anxiety.
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NTR Associates Ltd offers residential property surveys to home buyers, so you can be fully informed about the condition of the property before making an offer. We use the latest technology and equipment to carry out our surveys, and our team of experienced surveyors will provide you with a detailed report that you can use to make an informed decision about whether to proceed with the purchase.
What is a Home Survey?
A home survey is a vital part of the conveyancing process, providing an independent assessment of the property you are looking to buy. A surveyor will check for any potential problems with the property, such as structural issues, damp or subsidence, and provide a report outlining their findings. This report will help you to make an informed decision about whether to proceed with the purchase, and can also be used to negotiate a lower purchase price.
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A home survey is a necessity when buying a property in the UK for a few reasons. First, it is required by most mortgage lenders in order to get a mortgage. Second, it can help to identify any potential problems with the property before you purchase it. Finally, it can give you peace of mind knowing that you are making a sound investment.
Residential Survey Types
Level 1
The RICS Condition Report should be used for a conventional house, flat or bungalow built from common building materials and in reasonable condition and does not include a valuation. It focuses purely on the condition of the property by setting out the following:
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Clear ‘traffic light’ ratings of the condition of different parts of the building, services, garage and outbuildings, showing problems that may require varying degrees of attention.​
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Advice on replacement parts guarantees, planning and control matters for your legal advisers.
Level 2
The RICS HomeBuyer report can be offered with or without a valuation. This survey is more comprehensive that a condition survey, but less detailed than a building survey by setting out the following:
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Spotlight urgent matters that have a substantial effect on the value of the property
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​Give an indication of whether repairs are needed, but it will not discuss the repair options and associated costs.
Level 3
Previously referred to as a full Structural Survey, this survey encompasses a wide-ranging inspection of a property and is the most comprehensive of the surveys available for residential properties. Industry guidelines recommend this type of survey if your property is large, old, has some disrepair or has unusual features and sets out the following:
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Detailed report with advice on visible faults and potential hidden defects.
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Guidance on environmental hazards and highlights issues that your legal advisor should.
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Tailored to the property type and your needs.
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How important is a house survey?A house survey is important because it helps identify potential problems with a property before you buy it. It can also help you negotiate a better price for the property.
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Is it worth getting a house survey?A house survey is typically ordered by a home buyer before finalizing the purchase of a property. The purpose of the survey is to identify any potential problems with the property that could end up costing the buyer money in the future. While a house survey is not required in every purchase, it is highly recommended. Many home buyers choose to get a survey even if they are not required to in order to avoid any potential problems down the road.
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What are the 3 types of residential survey?There are 3 types of residential survey: Condition Survey Homebuyers Survey Building Survey
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What is RICS?RICS is the Royal Institution of Chartered Surveyors, a globally recognised professional body. You can learn more about the work they do via: https://www.rics.org/uk/