RICS Home Survey Level 2 (Survey & Valuation)

The Home Survey is the standard report produced by RICS for residential property, and is used by Standley Estates Ltd in most cases.

Choose the Home Survey report if you are buying or selling a conventional house, flat or bungalow built from common building materials and which is in average or reasonable condition.

The RICS Home Survey is a comprehensive and extensive report which includes:

  • clear ‘traffic light’ ratings of the condition of the internal and external parts of the building, to include the services, drains, grounds, garages and outbuildings, and which aims to highlight any problems that require repair and maintenance
  •  a summary of the risks relating to the condition of the building, with advice on repairs and ongoing maintenance
  • Advice with issues or defects that need to be investigated prior to purchase
  •  advice with issues for your legal adviser’s attention, such as building regulation consents, planning permissions, guarantees or warranties, boundaries and access rights
  • The surveyor’s professional opinion on the ‘market value’ of the property
  • A buildings cost assessment of the reinstatement figure of the property for insurance purposes
Standley Estates Home Buyer Surveys

Building Cost Assessments for Insurance

Standley Estates Ltd carries out Building Cost Assessments of buildings to provide the re-instatement figure for insurance purposes using the latest up-to-date information provided by the Building Cost Information Service, part of RICS.

RICS recommends that the buildings insurance policy is updated every three years.

Choose a re-instatement cost assessment if you are:

  • A Managing Agent or Residents Association responsible for the management of blocks of flats
  • A Managing Agent responsible for the management of mixed properties including blocks of flats and houses
  • A Homeowner
  • A developer of residential property, including Care Home Providers


Standley Estates Residential Building Surveys

RICS Red Book Valuations

Standley Estates Ltd carries out independent formal valuations of residential property, which are also known as RICS ‘Red Book’ valuations.

We are fully compliant to meet the requirements of Target HCA and Housing Associations.

The valuations include the following:

  • ‘Help to Buy’ schemes for sale or redemption purposes
  • Shared ownership housing schemes
  • Housing Association ‘staircasing’
  • Probate purposes
  • Capital Gains Tax
  • ATED
  • Matrimonial purposes
  • Retrospective valuations
  • Market valuations of part of the property
Standley Estates Residential Building Surveys