A home is the most expensive purchase most people ever make. As an owner you will benefit from expert advice on the condition of your property - whether you plan to live in it, rent it out or sell it.
This is a clear, impartial guide to home surveys.
Answers to: What a Home Inspection Covers, Who needs a Home Inspection, Why a Home Inspection, When Should a Home Inspection be Dome, Where to find a Home Inspector
Answers to: What a Home Inspection Covers, Who needs a Home Inspection, Why a Home Inspection, When Should a Home Inspection be Dome, Where to find a Home Inspector
Best Known as a real estate agent, Boris Gantsevich assists clients to achieve real estate desires. He delivers important knowledge to clients about real estate market and properties. Whether you are buying or selling he guides his clients through the process.
When you want to sell your home, you can take advantage of expertise by choosing an estate agent who is an RICS member and follows the standards laid out in our Blue Book: Residential Property Standards.
A clear, impartial guide to Selling a home - For use in England, Wales and Northern Ireland
This slide deck is for commercial real estate lenders, bank appraisal review analysts, credit analysts, underwriters and appraisers to better serve property owners and ease the real estate financing process for all parties.
The Realities of Residential EvaluationsCarl Streck
Do you know when you need an evaluation vs. an appraisal and who can complete both reports? Get the answers you need to know now with MountainSeed's most recent webinar slides.
Investing in Residential & Multi-Family Real Estate (Series: Real Estate Inve...Financial Poise
Apartment buildings and other residential and multi-family housing can provide a stable income to an investor. This Financial Poise webinar discusses some of the pros and cons of being a landlord. It provides a basic overview about how to find and assess opportunities, obtain financing, negotiate a deal, and manage a multi-family investment. The accounting, tax, and legal aspects of being a landlord are part of the discussion.
To listen to this webinar on-demand, go to: https://www.financialpoise.com/financial-poise-webinars/investing-in-residential-multi-family-real-estate-2020/
Through consultation with RICS, Henry Riley LLP was
invited to write an information paper based on its
experience of 5D building information modelling (BIM)
throughout 2012 and 2013, with particular focus on a
project in which an RICS new rules of measurement:
Order of cost estimating and cost planning for capital
building works (NRM 1) pricing document based on
quantification from a BIM model was issued for tender.
RICS have published an article on their website featuring Kath Fontana, Managing Director of BAM FM, talking about drivers for Building Information Modeling (BIM) adoption and how the world of facilities management should respond.
Best Known as a real estate agent, Boris Gantsevich assists clients to achieve real estate desires. He delivers important knowledge to clients about real estate market and properties. Whether you are buying or selling he guides his clients through the process.
When you want to sell your home, you can take advantage of expertise by choosing an estate agent who is an RICS member and follows the standards laid out in our Blue Book: Residential Property Standards.
A clear, impartial guide to Selling a home - For use in England, Wales and Northern Ireland
This slide deck is for commercial real estate lenders, bank appraisal review analysts, credit analysts, underwriters and appraisers to better serve property owners and ease the real estate financing process for all parties.
The Realities of Residential EvaluationsCarl Streck
Do you know when you need an evaluation vs. an appraisal and who can complete both reports? Get the answers you need to know now with MountainSeed's most recent webinar slides.
Investing in Residential & Multi-Family Real Estate (Series: Real Estate Inve...Financial Poise
Apartment buildings and other residential and multi-family housing can provide a stable income to an investor. This Financial Poise webinar discusses some of the pros and cons of being a landlord. It provides a basic overview about how to find and assess opportunities, obtain financing, negotiate a deal, and manage a multi-family investment. The accounting, tax, and legal aspects of being a landlord are part of the discussion.
To listen to this webinar on-demand, go to: https://www.financialpoise.com/financial-poise-webinars/investing-in-residential-multi-family-real-estate-2020/
Through consultation with RICS, Henry Riley LLP was
invited to write an information paper based on its
experience of 5D building information modelling (BIM)
throughout 2012 and 2013, with particular focus on a
project in which an RICS new rules of measurement:
Order of cost estimating and cost planning for capital
building works (NRM 1) pricing document based on
quantification from a BIM model was issued for tender.
RICS have published an article on their website featuring Kath Fontana, Managing Director of BAM FM, talking about drivers for Building Information Modeling (BIM) adoption and how the world of facilities management should respond.
This guidance has been produced collaboratively, recognising
that the facilities management sector is populated by a wide
range of professionals from a variety of different backgrounds,
many of whom have come to the profession with experience
in the construction and servicing of buildings. It is hoped that
this publication will assist in drawing together the facilities
management ‘community’, which is already benefitting from
a more holistic approach to many issues affecting the sector.
In particular, the more integrated and collaborative approach to
education and training is a considerable benefit to the sector in
helping aspiring facilities managers to pick the most appropriate
training route.
Valuation matters to us all. All those who occupy, own, develop or trade in assets in today’s sophisticated world markets, rely on competent and impartial valuers.
Read More!
These case studies touch on subjects that all FMs know are central to our role, wherever you operate in the world, and pretty much whatever your role: procurement, innovation, technology, sustainability, talent management and health and safety. It’s quite a diverse list of subjects,
but there are common themes running through all six case studies. All these organisations seem to have worked out a similar formula for success that could be applied in any business, sector or region. Read More!
A clear, impartial guide to Dilapidations For use in England and Wales.
This guide provides information for tenants and landlords on things to consider when dealing with a dilapidations claim made by a landlord at or near the end of the lease term. It focuses on the basics of the dilapidations process only and
does not deal specifically with leases which end because of the exercising of a break clause.
A clear, impartial guide to Property auctions.
This guide aims to tell you more about the auction process from both a buyer and seller’s point of view, and what you can expect.
This guide will tell you what you need to know about flooding and flood risk to your property (the land and the buildings on it), and what you can do to deal with the risk.
This is a comprehensive guide to flooding.
When you rent a property, you can take advantage of expertise from the outset by using an RICS letting agent who follows the standards set out in the RICS UK Residential Property Standards.
A clear, impartial guide to Renting a property - For use in England, Wales and Northern Ireland.
This document tells you about party walls (the walls you share with your neighbours). It’s been written by RICS and offers help and advice to homeowners and landlords who are unsure of their rights and responsibilities.
A clear, impartial guide to party walls.
When you move into your house, establishing the exact position of your boundaries is not high on your list of priorities. During the conveyancing process your solicitor
should identify any boundary problems but there are three simple steps you can take to avoid any problems.
A clear, impartial guide to Boundary disputes.
Brigade Insignia offers meticulously designed apartments with modern architecture and premium finishes. The project features spacious 3,3.5,4 and 5 BHK units, each thoughtfully planned to provide maximum comfort, natural light, and ventilation.
https://www.newprojectbangalore.com/brigade-insignia-yelahanka-bangalore.html
Simpolo Tiles & Bathware
Tile ho,
toh Simpolo.
Since the first steps were taken in 1977, Simpolo Ceramics has carved its niche as a consistently growing organisation with unparalleled innovation and passion rooted in simplicity.
We endure gratification for every experience we offer, created to share something meaningful. It may not resonate with the majority, but that makes us a class apart. If only a handful were to understand the purpose of our existence, we would be proud to have found our believers. Rather, people with whom we can share our beliefs.
VISUALIZER
Design your space in your style with our very own Visualizer. Now, you can choose the tiles of your liking from our wide selection and see how they would look in a space. Select the tile from the multiple options and the visualiser will replace the surfaces in the image with the selected tiles. This way, instead of just your imagination, you can choose the tiles for your place by getting an actual picture of how they would look in a space. So, design your space the way you desire digitally and implement it in real life to get the best results!
You can also share this visualiser with others to help them design their space.
Committed to delighting customers with world-class ceramic products and services. Make Simpolo synonymous with the best quality and set new benchmarks of excellence for all stakeholders. Pursue best business practices with utmost integrity to make Simpolo an exciting organisation to work with, for vendors, channel partners, investors and employees alike.
Gain worldwide recognition in the field of ceramic building products through Research and Innovation and bring an enhanced lifestyle within reach for every household.
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...JagadishKR1
Experience unmatched luxury at Elegant Evergreen Homes, offering exquisite 2, 3, and 4 BHK apartments in the serene locality of Yelahanka, Bangalore. These meticulously crafted homes blend modern design with timeless elegance, providing a harmonious living environment. Enjoy top-tier amenities and a prime location, making Elegant Evergreen Homes the ideal choice for discerning homeowners.
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
https://listingturkey.com/property/sense-levent/
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
The Tersane Suites Residences also offers a great opportunity for investors, as it provides a rental guarantee program. This means that investors can enjoy a steady income stream, with the peace of mind that their property is being managed by a reputable and experienced team.
The location of Tersane Suites Residences is also unbeatable, with easy access to the city’s main transportation links and within close proximity to the historic center, making it the perfect base for exploring all that Istanbul has to offer.
The KA Housing - Catalogue - Listing TurkeyListing Turkey
Welcome to KA Housing, a distinguished real estate development nestled in the heart of Eyüpsultan, one of Istanbul’s most promising districts.
Just 10 minutes from the bustling city center, Eyüpsultan offers a serene escape with the convenience of urban living. The direct metro line ensures seamless connectivity to all parts of Istanbul, making it an ideal location for residents who seek both tranquility and vibrancy.
KA Housing boasts unparalleled accessibility, with proximity to Istanbul Airport only 30 minutes away, facilitating easy international travel. Effortless city access is guaranteed by direct metro and transportation links to Istanbul’s cultural and commercial hubs. Quick access to key metro lines connects you to every corner of the city within minutes, making commuting and exploring the city hassle-free.
The development offers luxurious living spaces with a range of unit layouts from 1+1 to 4+1, designed with meticulous attention to detail. Each unit features balconies or terraces, providing stunning vistas of Istanbul and enhancing the living experience. High-quality materials and superior craftsmanship ensure durability and elegance, while sound-proof insulation and high ceilings (2.95 m) offer comfort and sophistication.
Residents of KA Housing enjoy exclusive on-site amenities, including a state-of-the-art gym, outdoor swimming pool, yoga area, and walking paths. Entertainment options abound with a private cinema, children’s playground, and a variety of dining options including a café and restaurant. Security and convenience are paramount with 24/7 security, a dedicated carpark garage, and an IP intercom system.
KA Housing represents a prime investment opportunity with limited availability in a high-demand area, ensuring enduring value and potential for lucrative returns. Homes in this development provide exceptional value without compromising on quality, offering affordable luxury for discerning buyers. The construction is of the highest quality, built to the latest seismic and disaster resistance standards, ensuring safety and resilience.
The community and surroundings of KA Housing are enriched by close proximity to prestigious universities such as Haliç University, Bilgi University, and Istanbul Ticaret University, making it an ideal location for students and academics. The development is adjacent to the Alibeyköy stream leading into the Halic waters, offering serene natural escapes amidst lush greenery. Residents can enjoy the cultural richness of the area, surrounded by historical and cultural landmarks that blend leisure, nature, and culture seamlessly.
https://listingturkey.com/property/the-ka-housing/
Green Homes, Islamabad Presentation .pdfticktoktips
Green Homes Islamabad offers beautifully designed 5, 8, and 10 Marla homes near the airport and motorway. Enjoy luxury, convenience, and high rental returns in a prime location.
BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...BrickAndBolt
Load-bearing walls are the backbone of any home construction, providing crucial structural support that carries the weight of the house above. For companies like Brick and Bolt Mysore and Bricknbolt Faridabad, understanding and properly implementing these elements are key to constructing safe and durable buildings.
One FNG by Group 108 Sector 142 Noida Construction UpdateOne FNG
One FNG by Group 108 is launching a new commercial project in Sector 142 Noida. Office space and high street retail shops on the FNG and Noida Expressway. For more information visit the website https://www.onefng.com/
Need MCA leads? No sweat! MCAs are great for small biz funding. Learn how to snag top-notch leads: businesses needing cash, with repayment ability, decision-makers, and accurate contacts. Use content, social ads, lead platforms, partnerships, and capture processes for quality leads.
https://www.leadgeneration.media/blog/b/streamline-your-mca-sales-process-with-pre-qualified-leads
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Scanning tenants in NYC requires a thorough and compliant approach to ensure you find reliable renters. For a positive rental experience, consider hiring a property management service. Belgium Management LLC specializes in NYC rental property management and tenant relationship management. We prioritize tenant satisfaction, making us a trusted name in New York property management. Our dedicated team ensures tenants feel valued and supported throughout their lease.
500 acres of brilliance await you here at Riverview City which offers modern living, effortless convenience, and a beautiful natural setting. It is a mega township by Magarpatta City in Loni Kalbhor, Pune. Enjoy easy access to work, schools, and fun while experiencing a perfect work-life balance.
Visit - magarpattacity.developerprojects.in
Torun Center Residences Istanbul - Listing TurkeyListing Turkey
THERE IS LIFE IN ITS CENTER!
The most energetic spot of the city that will add utterly different pleasures to your life, with a park that will make Istanbul breathe, delighting indoor and outdoor bistros, cafes, restaurants, the brand-new Food Hall concept, where dozens of unique tastes are served together, market area, cinema, theater, fitness club, SPA and event venue...
All the pleasures that will enrich your lives are awaiting you on the most beautiful side of the city, at Torun Center Residences. In Mecidiyeköy, where the heart of Istanbul beats, business, life and entertainment opportunities are located at the exact center, at Torun Center, the most beautiful side of the city.
Penthouse apartments and different styles of flats from 1 + 1 to 4 + 1, from 100 to 425 square meters in a 42-story residence tower, have been designed for those who want to live in the center of magnificence. Torun Center is the redefinition of a better life with specially landscaped floor gardens, apartment options with private balconies, and automatic glass systems equipped with Trickle Ventilation that offers clean air comfort.
Business and life in the same place
Excellent service
Torun Center has many delightful details, from a swimming pool to sunbathing and resting terrace. With 24/7 concierge services, 24/7 security, valet, technical service, closed-circuit camera system (CCTV), central heating and cooling system, it makes your life easier.
Delightful details
The two-story Torun Center Lounge, with its indoor and outdoor seating areas, children's playroom, private dining and TV lounge, promises unforgettable memories to you and your loved ones with its unique Istanbul view.
Neighboring to the most pleasant square of Istanbul
A few steps from the Torun Center Residences, you can reach the city's most modern city square and open the doors of a quality city life. Torun Center Residences brings together on the same project the long-awaited city life for Istanbul and gourmet restaurants, cafes, gym and SPA, and state-of-the-art cinema and Artı Stage, hosting the most famous plays of the season.
Located at the intersection of alternative public transportation options such as the metro and Metrobus, Torun Center comes to the fore as the most accessible office for both sides of Istanbul. With a central location and rich transportation lines, Torun Center offices make life easier for employees and increase productivity.
Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Volition Properties
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
☑️ Can I get financing?
☑️ What are tenants like?
Enter Erwin Szeto, a longtime friend of Volition. Since 2005, Erwin Szeto and his team have navigated the challenging landscape of being landlords in Ontario. Now, they are shifting their focus and guiding their clients' investments toward the more landlord-friendly environment of the USA. This decision comes after assisting Canadian clients in transacting over $440,000,000 in income properties. Faced with issues like affordability constraints, tenant-friendly laws, rent control, and rental licensing in Canada, Erwin sees a clear opportunity in the U.S. Here, there is a significant influx of investments leading to the creation of high-paying manufacturing jobs. Erwin and his clients are poised to capitalize on these opportunities where landlord rights are stronger and there is no rent control.
To facilitate this transition, Erwin has partnered with and become a client of SHARE, a one-stop-shop U.S. Asset Manager. Founded by Canadians for Canadians, SHARE enables as passive an ownership experience as possible for landlords in the U.S., while still maintaining direct, 100% ownership.
Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
2. Contents
How can an RICS member help?........................................................................3
What you can expect from a survey..................................................................4
Lender’s valuation and Energy Performance Certificate..............................5
RICS Home surveys..............................................................................................6
RICS Condition Report.........................................................................................6
RICS HomeBuyer Report......................................................................................7
RICS Building Survey............................................................................................8
Easy reference chart............................................................................................9
Useful links.......................................................................................................... 10
Free RICS guides................................................................................................ 10
Further information.......................................................................................... 11
Find a Surveyor.................................................................................................. 11
2
3. How can an RICS member help?
When you buy, live
in or sell a home,
take advantage of
professional expertise
and independent advice
by using estate agents
and surveyors who are
RICS members.
Your home is likely to be one of the most
expensive purchases you ever make – you need
to know as much as you can about the property
before you buy it, live in it, and when you sell it so
having a survey makes good sense – and could
save you thousands of pounds and will give you
peace of mind.
When buying a home Which? The Council of
Mortgage Lenders and the Building Societies
Association advise you to get a survey before
you buy, and not just to rely on a valuation.
A valuation is not a survey.
In Scotland, you are required by law to have a
Home Report carried out on your property prior
to marketing. The Home Report is a prescribed
document which comprises of a single survey
(with valuation), an EPC and a property
questionnaire.
Using the services of an
RICS regulated firm offers
confidence because:
• they give you clear, impartial and
expert advice
• they act in your interest
• they are tightly regulated and have to follow
strict rules of conduct – including having in
place insurance to protect you
• RICS members have to update their skills and
knowledge throughout their careers, so you
can rely on their expertise
• you are protected by a complaints procedure
and access to independent redress, for
example through an Ombudsman scheme.
Look out for firms that are ‘Regulated by RICS’.
Estate agents and surveying firms that are
regulated by RICS are easy to spot as they use
‘Regulated by RICS’ on their stationery and
promotional material.
3A clear, impartial guide to Home surveys
rics.org
4. What you can expect from a survey
Surveys are a kind
of ‘health check’
for buildings.
If you’re buying a home you should have a survey
done before you enter into a contract. In
Scotland, you will have access to a Home Report
which includes a single survey, valuation, EPC
and property questionnaire. The Home Report is
commissioned by the seller, but can be relied
upon by the purchaser.
A survey can actually save you money. If there are
problems, you can often re-negotiate the sale
price of the home to reflect the cost of necessary
repairs – or you may even decide you don’t want
to buy it at all.
If you’re selling a home a survey can help you
secure the agreed price and protect the sale.
In Scotland, the law requires you to obtain a
Home Report.
Your surveyor will report on all the parts of the
home that can be easily reached and seen in
accordance with terms of engagement agreed
with you beforehand.
There are three levels of surveys undertaken by
RICS members:
• Level 1 — RICS Condition Report
• Level 2 — RICS HomeBuyer Report
• Level 3 — RICS Building Survey.
There are also other surveys available from RICS
members too.
Talk them through with an RICS member – they’ll
be happy to discuss your particular concerns in
more detail and help you decide which type of
survey is right for you.
If you’re interested in making structural changes
to a home or you think there may be a damp or
dry rot problem, an RICS member will be able to
advise you about this too.
Their report is designed to help you make a more
informed decision. Costs vary according to
which type of survey you have, but all can
offer reassurance.
4
5. Lender’s valuation and Energy
Performance Certificate
A lender’s valuation is
usually required when you
are buying a home. It isn’t
a survey. It’s a limited
check on the home that
your mortgage lender
carries out to ensure it’s
worth the money they’re
lending you.
They’ll probably ask you to pay for the valuation.
Lenders may provide a copy of the mortgage
valuation to the buyer but it is unlikely to cover
items of detail which would be picked up in
a survey.
There may be problems in the property that
would cost a huge amount to put right – and they
won’t appear in the valuation report. This is why
it’s really important you have a survey. An RICS
surveyor is fully qualified to carry out a survey,
before you buy your home.
An Energy Performance Certificate (EPC) is not
a survey but you may come across it as it has to
be provided by law by a seller (or agent) when a
home is marketed for sale. It is commissioned
from an accredited Domestic Energy Assessor
(DEA), who visits the property to collect the
relevant data and creates the certificate. The
DEA may be a member of RICS. For further
information visit www.rics.org/epc
In Scotland, the EPC forms part of the Home
Report and will be undertaken by the surveyor
when the single survey and valuation are
carried out.
5A clear, impartial guide to Home surveys
rics.org
6. RICS Home surveys
There are effectively three different types of
survey to choose from as defined by RICS
Home Surveys. For further information visit
www.rics.org/homesurveys. These can only be
carried out by qualified surveyors licensed to do
so. Reliable and cost effective, these reports
carry the full weight of RICS – the industry’s
most respected authority on surveying. Some
chartered surveyors offer their own-format
home survey services. Whilst you are free to
choose you are advised to see how others
compare to the standard RICS Home Surveys
services as described on pages 8 to 11. For
instance some own-format reports may
not include ‘traffic-light ratings as part of
the service.
Buying a home
It’s important to remember that your mortgage
lender’s valuation report is not a survey.
It merely tells your lender whether or not the
property is reasonable security for your loan.
A home survey will tell you the actual condition
of the property. That’s vital information that can
be invaluable during price negotiations, and will
also help you avoid expensive surprises after
you’ve moved in.
Selling a home
A home survey can help you prepare for selling
your property. It will show you any problems that
may delay your sale or cause price reductions
later in the process.
Staying at home
A home survey of the current condition of your
home will warn you of defects and help you avoid
escalating repair and maintenance costs in the
future. It will also be extremely useful if you’re
thinking of remortgaging.
RICS members offer other survey services too
eg. specific defect reports.
6
RICS Condition Report
Choose this report if you’re buying, selling or
living in a conventional house, flat or bungalow
built from common building materials and in
reasonable condition. It focuses purely on
the condition of the property by setting out
the following:
• clear ‘traffic light’ ratings of the condition of
different parts of the building, services,
garage and outbuildings, showing problems
that require varying degrees of attention
• a summary of the risks to the condition of
the building; and other matters including
guarantees, planning and building control
issues for your legal advisers.
An RICS Condition Report does not include a
valuation, but your surveyor may be able to
provide this as a separate extra service.
Ask your surveyor for a detailed Description
of the RICS Condition Report Service leaflet
or visit www.rics.org/homesurveys
7. 7A clear, impartial guide to Home surveys
RICS HomeBuyer Report
Choose this report if you
would like more extensive
information whilst buying
or selling a conventional
house, flat or bungalow,
built from common
building materials and
in reasonable condition.
It costs more than the
Condition Report but
includes:
• all of the features in the Condition Report
plus a more extensive inspection
• the surveyor’s professional opinion on the
‘Market Value’ of the property
• an insurance reinstatement figure for
the property
• a list of problems that the surveyor considers
may affect the value of the property
• advice on repairs and ongoing maintenance
• issues that need to be investigated to
prevent serious damage or
dangerous conditions
• legal issues that need to be addressed before
completing your conveyancing and
• information on location, local environment
and the recorded energy efficiency
(where available).
Ask your surveyor for a detailed Description of
the RICS HomeBuyer service leaflet or visit
www.rics.org/homesurveys
Home Report (Scotland)
The Home Report is a pack which contains
information about a property which is on the
market for sale in Scotland. The Home Report is
required by law for homes in Scotland marketed
for sale from 1 December 2008.
The Home report has 3 parts:
1. Single Survey and Valuation: This gives
information on the condition of the property
and how urgently it needs to be prepared.
It also states the current market value and
accessibility for disabled access.
2. An Energy Report and EPC.
3. A Property Questionnaire: Contains
information on the council tax banding,
parking arrangements, electricity supplier
as well as other general information.
rics.org
8. 8
RICS Building Survey
You should choose an
RICS Building Survey if
you’re dealing with a
large, older or run-down
property, a building that is
unusual or altered, or if
you’re planning major
works. It costs more than
the other RICS reports
because it gives detailed
information about the
structure and fabric of
the property.
It includes:
• a thorough inspection and detailed report on
a wider range of issues
• a description of visible defects and potential
problems caused by hidden flaws
• an outline of repair options and the likely
consequences of inactivity and
• advice for your legal advisers and details
of serious risks and dangerous conditions.
An RICS Building Survey does not include a
valuation, but your surveyor may be able to
provide this as a separate extra service.
Estimated costs of repairs may also be
included as an option.
For further information ask your surveyor or visit
www.rics.org/homesurveys
9. 9A clear, impartial guide to Home surveys
Easy reference chart
This table will help you choose the most appropriate survey, but if you have any particular
requirements, remember to discuss them with your surveyor before the inspection of the property.
The surveyor may be able to provide you with extra services, under separate contracts.
Describes the construction and condition of 3 3 3
the property on the date of the inspection
Aims to identify and problems that need 3 3 3
urgent attention or are serious
Aims to identify things that need to be 3 3 3
investigated further to prevent serious damage
Aims to tell you about problems that may be dangerous 3 3 3
Aims to show up potential issues and defects, 3 3 3
before any transaction takes place
Includes the standard visual inspection during which 3 3 3
secured panels, electrical fittings, inspection chamber
covers and other similar features are not removed
Aims to help you decide whether you need extra 3 3
advice before committing to purchase
Aims to enable you to budget for any repairs 3 3
or restoration
Aims to advise you on the amount of ongoing 3 3
maintenance required in the future
An enhanced service that includes all the features 3 3
of the standard inspection plus a more extensive
roof space and underground drainage inspection
Provides a reinstatement cost to help 3
you avoid under- or over-insurance
Provides market valuation 3
Aims to establish how the property is built, what materials 3
are used and how these will perform in the future
Aims to describe visible defects, plus exposing potential 3
problems posed by hidden defects
Aims to outline the repair options and give you a repair 3
timeline, whilst explaining the consequences of not acting
A longer and more detailed visual inspection of a wider 3
range of issues including a more thorough consideration
of the roof space, grounds, floors and services
Service features
RICS Condition
Report Service
Building
Survey
RICS HomeBuyer
Service
rics.org
10. Useful links
Free RICS guides
Here are some useful contact numbers and website addresses:
RICS
www.rics.org
Which?
www.which.net
Homecheck
www.homecheck.co.uk
HM Revenue Customs
www.hmrc.gov.uk
Land Registry
www.landregistry.gov.uk
Land Registers of Northern Ireland
www.lrni.gov.uk
General Consumer Council Northern Ireland
www.gccni.org.uk
Council of Mortgage Lenders
www.cml.org.uk
Building Societies Association
www.bsa.org.uk
Law Society
www.lawsociety.org.uk
Scotland
Home reports/Single survey
www.rics.org/scotland
www.scotland.gov.uk
Registers of Scotland
www.ros.gov.uk
Law Society of Scotland
www.lawscot.org.uk
RICS has a range of free guides available for the property issues
listed here.
Development issues
Compulsory purchase
Home extensions
Home hazards
Dilapidations
Flooding
Japanese knotweed
Subsidence
Neighbour issues
Boundary disputes
Party walls
Right to light
Residential
Buying a home
Buying and selling art
and antiques at auction
Home surveys
Letting a property
Property auctions
Renting a property
Selling a home
10
11. 11
Further information
Find a Surveyor
We hope this guide is
useful to you. If you’d like
to know more about home
surveys, or how RICS can
help, please contact us.
Visit our website
rics.org/homesurveys
alternatively email
contactrics@rics.org or call the
RICS Contact Centre 02476 868 555
Consumer helplines
RICS offers telephone helplines giving
you 30 minutes of free advice on:
• Boundary disputes
• Party walls
• Compulsory purchase.
Just call 02476 868 555 and you will be put in
touch with an RICS member local to you, willing
to provide a free 30 minute initial consultation.
Lines are open 0830 –1730 (GMT), Monday
to Friday.
Contact us if you want
to find independent,
impartial advice from a
qualified professional with
good local knowledge.
Look out for firms that are ‘Regulated by RICS’.
Estate agents and surveying firms that are
regulated by RICS are easy to spot as they use
‘Regulated by RICS’ on their stationery and
promotional material.
To find an RICS firm in your area visit
www.ricsfirms.com
alternatively email
contactrics@rics.org or call the
RICS Contact Centre 02476 868 555
A clear, impartial guide to Home surveys
rics.org
12. Advancing standards in land, property and construction.
RICS is the world’s leading qualification when it comes to professional
standards in land, property and construction.
In a world where more and more people, governments, banks and commercial
organisations demand greater certainty of professional standards
and ethics, attaining RICS status is the recognised mark of property
professionalism.
Over 100 000 property professionals working in the major established and
emerging economies of the world have already recognised the importance of
securing RICS status by becoming members.
RICS is an independent professional body originally established in the UK by
Royal Charter. Since 1868, RICS has been committed to setting and upholding
the highest standards of excellence and integrity – providing impartial,
authoritative advice on key issues affecting businesses and society.
RICS is a regulator of both its individual members and firms enabling it to
maintain the highest standards and providing the basis for unparalleled
client confidence in the sector.
RICS has a worldwide network. For further information simply contact the
relevant RICS office or our Contact Centre.
RICS HQ
Parliament Square, London SW1P 3AD
United Kingdom
Worldwide media enquiries:
e pressoffice@rics.org
Contact Centre:
e contactrics@rics.org
t +44 (0)24 7686 8555
f +44 (0)20 7334 3811
rics.orgOCTOBER 2013/DML/18832/CONSUMERGUIDES
Asia
Room 2203
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t +61 2 9216 2333
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United Arab Emirates
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United Kingdom
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f +44 (0)20 7334 3811
contactrics@rics.org
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(excluding United
Kingdom and Ireland)
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Belgium
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