Embark on a professional career that’s purposeful and rewarding
Why do residential surveyors love their job? The response is often that they love looking around property and advising their client on its positive features, the things that need attention, its value, and the opportunities that exist to adapt the property to future needs.
Residential surveying is facing a skills shortage – the profession needs more surveyors to help look after and advise on the UK’s 29 million properties.
of Sava graduates found employment
within 3 months
Average basic salary of a graduate after three years of employment
of Sava graduates decided to become members of RICS
*insights from the survey of Sava graduates in January 2021 with responses from 88 graduates.
Discover the work that residential surveyors undertake
A condition survey is most often commissioned by a home buyer who is in the process of buying a property. The survey comprises of an inspection, report and advice on the condition of the property. It largely focuses on the property as a physical asset, although may also include environmental matters (e.g. flooding, radon); legal issues (e.g. rights of way, guarantees); and risks to occupants.
It’s estimated that only 20% of buyers currently commission a condition survey on the property they’re thinking of buying, and therefore a substantial market exists for providing a high-quality professional service.
Most condition surveys in England and Wales are undertaken by RICS members. The RICS HomeBuyer Survey is the most common type and is a level 2 survey as defined by the RICS Home Survey Standards.
A property valuation establishes the ‘market value’ of a home. This is how much a buyer would be happy to pay, assuming that they are willing to pay the current market rate and do not have any pressure to buy. At the same time, it reflects the amount that a property seller would be willing to accept after their home has been on the market for a reasonable period, provided that they are neither over-eager nor reluctant to sell.
Mortgage lenders commission valuations to make sure that the loan they are making is secure. All UK mortgage lenders require that their valuations are undertaken by RICS members, working to strict RICS standards.
Other valuations that RICS members undertake are for help to buy and shared ownership purchases, right to buys, tax and reinstatement costs.
Residential property can be complex and there is opportunity for residential surveyors to provide specialist advice to clients. Just some of the specialisms that fall outside of the scope of a standard condition survey include: renovating listed buildings, or those in conservation areas; low carbon retrofit; party wall surveys; surveys and advice for properties built from non-standard construction; external wall system (EWS) surveys to evaluate fire risk in blocks of flats and houses in multiple occupation (HMOs). There is also scope to specialise in more complex valuation work, for instance in non-standard construction, mixed-use developments, and the prime property market.
Once a residential surveyor is competent and confident to undertake condition surveys and valuations on standard house types, there is almost unlimited scope to undertake assignments in more complex properties and in more technically demanding specialisms.
What are the employment opportunities?
Work within a privately owned practice
Be your own boss and establish a reputation as an expert
Social landlords and other organisations
Work for other sectors that need your expertise
The Sava Residential Surveying Careers Fair
Supported by leading surveying firms and professional services, this is the only careers event dedicated to residential surveying.