RICS Level 2 Home Survey
A RICS Level 2 Survey, formerly known as a HomeBuyer Report, is a mid-level property survey conducted by a RICS (Royal Institution of Chartered Surveyors) qualified surveyor. It's designed for conventional properties that are in reasonable condition and relatively modern, offering a more detailed assessment than a basic valuation but less so than a Level 3 Building Survey. The survey includes a visual inspection of accessible areas of the property, both inside and out, and assesses its condition, highlighting any significant issues or defects that may affect its value or require attention.
Key aspects of a RICS Level 2 Survey:
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Accessibility:
The inspection is limited to what is easily accessible. The surveyor will not, for example, lift carpets or floorboards.
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Identification of Issues:
The survey aims to identify any significant problems, such as damp, structural issues, or problems with the services.
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Repair Advice:
The report will offer advice on any repairs or further investigations that may be needed.
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Suitability:
It's generally recommended for conventional properties built from common materials, that are in reasonable condition, and are not significantly altered or extended.
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Visual Inspection:
The surveyor will visually inspect the property's key elements, including the roof, walls, windows, doors, and visible parts of the services (e.g., heating system).
Benefits of a Level 2 Survey:
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Informed Decision:
Provides homebuyers with a comprehensive overview of the property's condition, enabling them to make an informed decision about proceeding with the purchase.
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Potential for Negotiation:
Identified defects can be used to negotiate the purchase price with the seller.
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Cost Savings:
Can help prevent unexpected repair costs after the purchase by highlighting potential issues.
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Peace of Mind:
Offers reassurance about the property's condition and potential problems before committing to buying.