What is a 'RICS Home Survey'?

A 'RICS Home Survey' is specifically designed to provide an evaluation conducted by a chartered surveyor, who assesses the condition of a property. This assessment includes detailed observations regarding the structural integrity and condition of various elements within the property, identifying issues such as dampness, subsidence, or any potential problems that could affect the value and safety of the home. The survey is conducted in accordance with the standards set by the Royal Institution of Chartered Surveyors (RICS), ensuring a high level of professionalism and accuracy in the evaluation.

In contrast to appraisals of rental values or market analyses for home sales, the RICS Home Survey focuses solely on the property’s condition rather than its market value. Additionally, it does not provide guidelines for home improvement projects; instead, it is aimed at informing potential buyers or owners about the current state of the property, enabling them to make informed decisions. This distinction highlights the critical role that the survey plays in property purchasing and management.