RICS Property Valuation
RICS Condition Report
Condition Survey (Level One) The Condition Survey, is better suited to conventionally built, modern dwellings in satisfactory condition. It will not suit older or complex properties, or those in a poor condition.
The Report:
- A report, describing the property and an assessment of the relative importance of the defects and problems.
- Describes the condition of the building, its services and the grounds.
- Highlights relevant legal issues and any obvious risks to the building, people or grounds.
- Where the surveyor is unable to reach a conclusion with reasonable confidence, a recommendation for further investigation may be necessary.
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Did You Know...
According to the Royal Institution of Chartered Surveyors, homebuyers spend an average of £5,750 on property repairs, due to the property purchaser not initially identifying property defects or understanding the true market value.
Property sellers can lose out on ten’s of thousands of pounds by selling the property below market value. If sellers over price their property, they risk increasing the time it will be on the market,decreasing the chances of a quick sale.
Choosing the right survey will save you money and time, enabling buyers where possible to negotiate a better price, and for sellers to get the best sale price.