A level 1 building survey in the UK costs an average of £400 – £500 for a property valued between £150,000 – £250,000. The total price is generally affected by the location and the value of the property.
If you’re buying a new property, it is highly recommended to get it surveyed in order to assess the possible risks, urgent defects, and potential legal issues. A level one building survey, or an RICS Condition Report, is a basic survey most suitable for newly-built and conventional homes that are in good condition.
The Royal Institution of Chartered Surveyors (RICS) is a member of a globally recognized governing body that created levels of building surveys. If you want more recommendations, you can ask friends or family, estate agents, or solicitors.
Factors Affecting the price of building survey
The price of a RICS level 1 survey also know as RICS Condition Report is affected by the following two factors:
- Location of property
- Value of property
Location of property
In some parts of the UK, surveyors may typically charge more due to demand. If your property is located in urban areas, expect to pay more. Subsequently, properties in rural areas may be cheaper.
Value of property
The value of your property significantly affects the cost of a level 1 building survey. Surveyors will charge more on expensive properties since they will have to pay more for any insurance covering possible mistakes in their surveys. The higher the value, the higher the total cost.
Cost of a level 1 building survey in the UK
| Value of Property | Avg. Cost |
|---|---|
| £150,000 – £250,000 | £400 – £500 |
| £250,000 – £350,000 | £500 – £600 |
| £350,000 – £450,000 | £600 – £700 |
| £450,000 – £500,000+ | £700 – £800+ |
The most basic and least expensive RICS survey is the level 1 building survey. It gives you an overview of the property’s state and flaws that may need attention. The survey will cost you between £400 – £500 for a property of value under £250,00. Now, how about finding out what the cost of a level 2 building survey is?