Chartered Surveyors London

WHY IS A CONDITION SURVEY REPORT?

The purpose of a Condition Survey Report is to ensure that everything about a property is in the condition it should be. A Condition Survey Report is presented with a traffic light coding system to highlight the severity of any problems or defects a property may have that need to be repaired. Green means that there is nothing to worry about, Orange indicates some cause for concern while Red means that serious repairs are urgently required.

  • A Condition Survey Report is designed for ordinary, modern, new-build properties that are in a good state of repair and you want the reassurance of knowing that everything is as it should be.
  • A Condition Survey Report is intended to accompany a mortgage valuation and not replace it.
  • It will also present you with a summary of the property’s defects and any risks that the property may face.
  • A Condition Survey Report does not include a property valuation or any advice (unless you request it at an additional cost).

When Do I Need A Condition Survey Report?

A Condition Survey Report is required if you are considering buying a brand new or nearly-new home and want the reassurance of knowing that the condition of your property is pretty much how it should be. A Condition Survey Report will detail information such as the construction of your property and its condition on the day of the inspection. It will also check that everything is in good order and/or highlight any defects or problems that require further investigation.

You should be aware that a Condition Report is lighter on details than a Homebuyer Survey or a Building Survey. At London Chartered Surveyors, we usually recommend that a Condition Survey Report should be carried out on buildings that are older than 3-5 years, or which have manifest signs of poor repair.

What Type Of Information Does A Condition Survey Report Include?

At London Chartered Surveyors, we ensure that all of our Condition Survey Reports are issued with an independent summary of the principal elements of the building and assess their condition. After a brief description of the property’s construction, each internal and external element will be recorded, together with its rating and some short explanatory notes.

How Should I Read A Condition Survey Report?

Similar to the other RICS surveys, a traffic light system is used in the Condition Survey Report with three colour codes (green, amber and red) to highlight any problems found on the property. This system has proven to be very user-friendly and provides a basic account of what damage and issues on the property need attending to.

Green signifies ‘Condition Rating 1’, which means that the area concerned does not need any repairs and that this area should be maintained as it has been to date.

Amber signifies ‘Condition Rating 2’, which means that the area concerned has defects that are in need of repair or need to be replaced at some point, but are not considered serious or urgent. Amber areas will most likely not affect the property’s value, but will inevitably need some kind of maintenance or repair at some point in the future.

Red signifies ‘Condition Rating 3’, which means that the area concerned has major defects that must be repaired immediately, or at least replaced or investigated as a matter of urgency. Red areas must be seriously borne in mind when deciding to make a purchase. These areas are often serious enough to void a purchase, or even justify a renegotiation in light of future potential repair costs.

Does A Condition Survey Report Provide Any Guidance?

No, a Condition Survey Report does not offer any guidance or recommendations, unlike some other more in-depth RICS surveys, such as the Homebuyers Survey or a Building Survey. Fortunately, at London Chartered Surveyors our skilled team of RICS regulated building surveyors are able to advise you on the most appropriate survey for your needs. Contact us today and ask our advice about which type of survey best meets your needs.

WHAT DOES A CONDITION SURVEY REPORT INCLUDE?

This is a report that is prepared after a building inspection has been carried out. It establishes its maintenance condition and state of repair at that particular time.

During the survey, elements of the building are inspected and described in the report with concise details of the current condition of the premises in London. A Condition Survey Report will also inform you of any risks, serious defects and potential legal issues that could arise.

The Condition Survey Report does represent the most basic type of survey we perform at London Chartered Surveyors. Although it provides an outline of the property’s current condition and identifies any important issues, it doesn’t go into as much detail as the RICS Homebuyer Survey Report.

IF YOU WANT THE REASSURANCE THAT COMES WITH A RICS CONDITION SURVEY REPORT, PLEASE CALL US ON 020 7205 4534

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Why Choose London Chartered Surveyors?

We are regulated by the RICS – The Royal Institution of Chartered Surveyors. We offer all three levels of RICS survey.

Whichever level of service you require, London Chartered Surveyors can give you reliable and cost effective support.

Call today for a free no-obligation quote on 020 7205 4534