Last edited 20 Dec 2024

Home Survey Standard

RICS Home survey standard 1000.jpg

Contents

[edit] Background to the standard

The Home Survey Standard (HSS) was developed by the Royal Institution of Chartered Surveyors (RICS). The RICS HSS was created in 2019, effective in 2021, and was developed to demonstrate consistency in the home survey market across the UK, to help deliver a quality of service, meet evolving consumer needs and build better trust in the market. The current version revision 1 of the RICS Home Survey Standard (HSS) can be directly downloaded here.

[edit] Review of the standard

The RICs Expert Group is carrying out a review of the standard for 2024-2025 which includes a member survey to gather views and feedback on the current standard, focusing on areas that require revisions, additions, or that are functioning well. The survey received feedback from 325 respondents, are being currently analysing along with the results of a UK consumer survey of over 1400 homeowners to understand customer experience of home surveys. This work informs which improvements can be made to the standard, and will be followed by a formal public consultation on the updated draft standard, which require approval from the Knowledge and Practice Committee and the Standards and Regulation Board.

[edit] The current standard

The current version of HSS has three levels RICS Home Survey Level 1, 2 and 3. Each of these survey levels uses a traffic light rating system (including a notes system for parts not inspected or not included or N/I): Red means that defects are serious and in need of repair, replacement, or urgent further investigation. Amber means defects will soon need repair or replacement, but are not considered a serious or urgent matter. Green means that highlights elements that are in good condition and are not in need of repair.

[edit] RICS Home Survey Level 1

Home Survey Level 1 was previously referred to simply as a condition report, and is a surface-level property inspection to identify any defects or damage. This level has the least cost and least comprehensive, often used for properties that are under 5 years old. A level 1 survey will usually involve an inspection of the following elements:

This type of survey is very basic but can help buyers inform their decision for little cost, such surveys may often be made with a recommendation for further work.

[edit] RICS Home Survey Level 2

Home Survey Level 2 or the mid-range RICS survey is often recommended for older properties in reasonable condition it should help to highlight any major issues that may impact costs of repair of value. The following elements are assessed during a level 2 survey:

Level 2 has the option adding a market valuation, which is commonly referred to as a HSS Level 2 + Valuation.

[edit] RICS Home Survey Level 3

Home Survey Level 2 is the most comprehensive structure and condition inspection, usually recommended for older properties, built with less common systems, or where major works are planned. The following elements will also be inspected during a level 3 survey:

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