RICS Full Building Surveys
Whether you need a survey for your mortgage or you are a cash buyer, there are some certainties worth having when buying a building. No one wants a porperty they have bought to come with any nasty surprises. This is something you cannot rely on a mortgage report to give you, unlike a RICS Buidling survey.
The Council of Mortgage Lenders and the Consumers’ Association recommend that you obtain an independent survey by a chartered surveyor. This is excatly what we specialise in.
Here at Winfields, our building survey reports and homebuyer reports are able to give you a comprehensive understanding of the building you are buying.
RICS Building Survey
The structural survey
A level 3 RICS building survey, also referred to as a RICS full structural survey, is the most in-depth building survey available. The report includes a thorough look at the condition the property is in, advice of possible defects, repairs, and ways the property may require maintenance.
This level of survey is most suitable for properties which are considered large, older properties such as listed buildings, unusual homes such as ones made of atypical materials, properties about to undergo large amounts of renovation and properties considered to be poor condition. It should be noted this kind of survey is not very often completed on individual flats or apartments.
These surveys will require us to be at the property from anywhere between 2 hours and a couple days. This depends on the size and scope of the property, as well as its condition.
As well as all the information included on the RICS homebuyer report you will get additional information. This report also includes;
The Homebuyer Report is a cost-effective method designed by RICS, with a way of minimising risk. This provides the buyer with tailored information to make reasoned and informed decisions on whether they should proceed with their purchase.
This report will cover the building inside and out, the services, and the site. The report will have tailored sections for all main building elements, including floors, walls, roof, and joinery. The components each have a simple ranking for easy reference. These conditions are:
- Green – Condition rating 1: Currently, no repair is needed, so continue to maintain the property as usual.
- Amber – Condition rating 2: Some defects need repairing or replacing. These are not considered to be serious or urgent. Continue to maintain the property as expected.
- Red – Condition rating 3: Severe defects need to be repaired, replaced, or investigated urgently.
Property-related risks, including movement, dampness, and timber defects, are also given their section.