RICS has announced that a mandatory Home Survey Standard will be implemented from March 2021. The standard provides a consistent approach for RICS members to follow when surveying houses for home-buyers and other clients. Originally planned for June 2020, the implementation date has been pushed back to 2021 due to the COVID-19 pandemic.
The Home Survey Standard provides three levels of survey. The level one survey provides buyers with an objective view of the condition of the property, to help them make a buying decision and establish appropriate repair priorities. The level two survey increases the amount of information reported to clients, while the level three survey requires a more thorough investigation, including details about the form of construction, details of the materials used, and any material defects together with remedial options.
The standard was designed following a consultation with consumers, cross-industry stakeholders and practitioners. It replaces a number of previous RICS publications relating to residential surveys.
Paul Bagust, RICS Global Property Standards Director, said: “The complete overhaul of home surveys with our new Home Survey Standard will bring vital standardisation and clarity to the process, where RICS professionals can work effectively to meet the changing needs of the market.”
James Burgoyne, Director – Claims & Technical, Brunel Professions said: “The standards issued by regulatory and professional bodies are very influential on the courts when they decide whether a particular course of action has fallen short of the professional duty of care. As such all RICS residential property surveyors must familiarise themselves with the reissued survey standards.”
RICS has published the Home Survey Standard on its website along with press releases announcing the launch of the survey and its new implementation date. Reports about the standard have been published by Housing Today and Estate Agent Today.
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