There are a few different levels of home survey and the price varies depending on how in depth you choose to go.
A RICS (Royal Institution of Chartered Surveyors) condition report is perhaps the most basic type of survey at a cost of around £250. It does not dig as deep as the more thorough surveys so is really only suitable for newly built homes or properties that are in excellent condition and where you are confident that there are unlikely to be any issues.
The next step up is a RICS HomeBuyer Report, usually costing upwards of £400. This report will spot any structural issues like subsidence and it will often include a property valuation. However, it does not go further than the actual building structure, so there could still be issues with the wiring, for example, that do not get flagged by this.
After that comes the RICS Building Survey and this is the most thorough survey you can get. Not only will it provide a comprehensive analysis of the home’s condition and structure but it will also list any problems and provide advice on repairs and maintenance. It can even include the anticipated costs and timings of any repair work needed.
It can take as long as a day to complete a RICS Building Survey, as the surveyor will go through the entire home. This is a good idea if you are looking at an older property or one that is in poor condition because it will give you a clear idea of the amount of work required once you take ownership.
This can cost anything from £500 up to well over £1,000, depending on the size and value of a home, but if there is an expensive issue lurking then it can save you thousands of pounds in the long run.