Property survey meaning
A property survey is an inspection carried out by a qualified surveyor on the buyer's behalf to assess a home's condition and identify defects. In England, RICS defines survey levels ranging from a basic condition report to a detailed building survey for older or unusual properties.
Property survey is one of the terms you are likely to meet when buying or selling a home in England. Here is what it means in plain English, and where it fits into your move.
Choosing a level
A newer conventional home may need only a level 1 or 2 report, while older, extended or unusual buildings usually justify a level 3 building survey with analysis of causes and repairs.
Key takeaway
A property survey is an inspection carried out by a qualified surveyor on the buyer's behalf to assess a home's condition and identify defects. In England, RICS defines survey levels ranging from a basic condition report to a detailed building survey for older or unusual properties.
Frequently asked questions
Is a survey the same as a mortgage valuation?
No. A valuation is carried out for the lender to confirm the property is adequate security. A survey is commissioned by you and reports on condition and defects.
Questions to ask
MyMoveMate gives you a prepared list of questions for your surveyor call.
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