| What choice of surveys do I have? |
RICS and ISVA members also offer two forms of survey
which are specifically designed to help homebuyers:
A Building Survey (formerly called a structural survey)
A Building Survey
Is suitable for all residential properties and provides a full picture of their
construction and condition. It is likely to be needed if the property is, for
example, of unusual construction, is dilapidated or has been extensively altered
or where a major conversion or renovation is planned. It is usually tailored
to the client's individual requirements. The report includes extensive technical
information on construction and materials as well as details of the whole range
of defects, major to minor.
The HOMEBUYER Survey & Valuation (usually called 'The HOMEBUYER Service')
By contrast, The HOMEBUYER Service is in a standard format and is designed specifically
as an economy service. It therefore differs materially from a Building Survey
in two major respects.
It is intended only for particular types of home: houses, flats and bungalows
which are:
· conventional in type and construction
· apparently in reasonable condition
It focuses on essentials: defects and problems which are urgent or significant
and thus have an effect on the value of the property although it also includes
much other valuable information.
The HOMEBUYER, unlike a Building Survey, provides not only a survey but also
a valuation as an integral part of the Service.