Home Condition Surveys are carried out either by a Chartered Building Surveyor or a Home Inspector. They are legally excepted by all mortgage providers requesting a property survey from a potential buyer.
Home Condition Survey is of a similar level to the RICS Home Buyers Survey it does not however include a valuation or provide estimates for building repairs. The Home Condition Survey is in a standard format and applies ‘condition ratings’ to the various parts of the building. It is designed to be quickly and easily understood by the potential home buyer and contains no jargon.
Each building component is simply given a condition rating by the surveyor which highlights any problems. The ratings are as follows:
Condition Rating 1 No repair is currently needed. Normal maintenance must be carried out.
Condition Rating 2 Repairs or replacements are needed but the surveyor does not consider these to be serious or urgent.
Condition Rating 3 These are defects which are either serious and/or require urgent repair or replacement or where the surveyor feels that further investigation is required.(for instance where he has reason to believe repair work is needed but an invasive investigation is required to confirm this).
Prices vary depending on the size and age of the property but are prices are generally lower than the Home Buyers Surveys.