RICS
Level 1 Survey
The Level 1 RICS Survey Explained
A RICS Level 1 survey, also known as a condition report, is a type of property survey that provides a basic assessment of a property’s condition. It is suitable for properties that are in a reasonable condition and are relatively modern.
The survey report will generally cover the overall condition of the property, highlighting any areas of concern such as dampness, rot, or structural issues. It may also provide advice on any necessary repairs or maintenance work that should be carried out.
In Summary
In summary, a RICS Level 1 survey provides a basic assessment of a property’s condition and is suitable for properties in relatively good condition. It is less detailed than other types of surveys, such as a building survey or a homebuyer report.
- Overall assessment of the property's condition
- Any significant defects or issues with the property
- Any urgent defects that require attention
- Any potential legal issues, such as boundaries or rights of way
- Basic advice on necessary repairs or maintenance work
Condition Ratings
The surveyor gives condition ratings to the main parts (the ‘elements’) of the main building, garage and some outside elements.
The Condition Ratings are as follows:
No repair is currently needed. The property must be maintained in the normal way.
Elements not inspected. The surveyor notes in the report if it was not possible to check any parts of the property that the inspection would normally cover. If the surveyor is concerned about these parts, the report tells you about any further investigations that are needed.
FAQ
Frequently Asked Questions
A RICS Level 1 survey is a type of property survey that provides a basic assessment of a property’s condition. It is also known as a condition report.
A RICS Level 1 survey covers the overall condition of the property, any areas of concern such as dampness, rot or structural issues, advice on any necessary repairs or maintenance work, and potential legal issues such as boundaries or rights of way.
No, a RICS Level 1 survey is suitable for properties that are in a reasonable condition and are relatively modern. If the property is older or has known issues, a more detailed survey such as a building survey may be necessary.
The length of time a RICS Level 1 survey takes can vary depending on the size and complexity of the property. Typically, it can take around 2-4 hours to complete.
It is not a standard part of the RICS Level 1 survey, so you will need either a RICS Level 2 survey or Level 3 Building survey if you need a valuation as well.
Yes, you can use the findings of a RICS Level 1 survey to negotiate the price of the property. If the survey highlights significant issues or necessary repairs, you may be able to use this information to negotiate a lower purchase price.
The cost of a RICS Level 1 survey can vary depending on the location, size, and type of property. However, as a general guide, you can expect to pay between £250-£500 for a RICS Level 1 survey.