In an effort to keep pace with evolving industry standards and consumer needs, the Royal Institution of Chartered Surveyors (RICS) has announced that it will review its Home Survey Standard in 2024–2025. This major review aims to create a revised standard that better serves not only RICS members but also the wider property sector, consumers, and third parties working with the standard. With this review set to influence how home surveys are carried out across the UK, it’s essential for buyers, sellers, and professionals alike to understand the changes on the horizon and what it means for the property market.

What’s Changing in the Home Survey Standard?

The forthcoming review will take a comprehensive approach, incorporating consumer sentiment and sector developments into its final recommendations. As the housing market continues to evolve, this review aims to address emerging opportunities and potential risks in the sector. The goal is to ensure that the revised Home Survey Standard is fit for purpose, providing clarity and consistency in the survey process.

One significant aspect of the review is its focus on third parties working with the Home Survey Standard. As many homebuyers increasingly rely on third-party services when purchasing property, it’s crucial to ensure that the revised standard aligns with the growing role these services play in the home-buying process. With more buyers opting for surveys and professionals from different sectors collaborating on property transactions, it’s more important than ever for there to be a clear, unified framework for all parties involved.

The Goal: A Clear, Transparent, and Consistent Framework

The aim of the RICS review is clear: to create a framework that delivers greater protection and peace of mind to homeowners, property buyers, and sellers. As the UK property market faces new challenges and opportunities, this update will help foster transparency and consistency, which will ultimately lead to a more confident and informed buying and selling experience for consumers.

For surveyors, the review promises to provide clearer guidelines on how to operate within the industry while maintaining high professional standards. For consumers, this will bring added confidence, knowing that their property survey is conducted according to a well-defined set of standards that prioritise their interests.

The review will be conducted through a member survey to gather feedback from RICS professionals, as well as a consumer survey of over 1,400 homeowners. This approach ensures that the review reflects a broad spectrum of perspectives, incorporating real-world experiences from both the professionals conducting the surveys and the homeowners who rely on them.

What Does This Mean for the Property Market?

The impact of the RICS Home Survey Standard review will be felt across the property sector. With the revised standard, buyers will benefit from improved transparency and more reliable surveys, making it easier to identify issues before committing to a purchase. In turn, property owners and sellers will gain more trust in the survey process, helping them make informed decisions about their homes.

For those looking to book home surveys in Berkshire, Buckinghamshire, and Bournemouth, it’s crucial to stay up to date on these developments. As the Home Survey Standard evolves, buyers and sellers in these regions will benefit from more comprehensive, accurate, and transparent surveys that empower them to make better decisions.

Ready to take the next step?

Whether you're looking to book a professional survey for your property or explore exciting career opportunities, Survey Network is here to help.

Book your survey today and gain peace of mind with our expert services. Click here to book now!

Alternatively, if you're ready to kick start your career as a self-employed surveyor, join the growing network of professionals who trust us for support and flexibility. Discover more and apply today!

We look forward to working with you!

‍

‍

‍

‍

‍

‍