Homebuyer Survey

RICS Homebuyer Report, previously known as a Homebuyer Survey and Valuation also known as a Level 2 Survey

This is a basic red-flag type survey presented in an easy to read format and the minimum of technical jargon based on the Traffic Light format

Defects which are serious and/or need to be repaired, replaced or investigated urgently

Defects that need repairing or replacing but are not considered to be either serious or urgent. The property must be maintained in the normal way

No repair is currently needed. The property must be maintained in the normal way

NI - Not inspected typically areas that are covered or no access can be gained.

This type of report is suitable for properties of standard construction built after about 1875 and with no apparent serious defects, it will enable you to:

• Make a reasoned and informed judgement on whether or not to proceed with the purchase.
• Assess whether or not the property is a reasonable purchase at the agreed price.
• Be clear what decisions and actions should be taken before contracts are exchanged.

The report also includes a rebuilding statement as to how much the property should be insured for in order to enable you to obtain competitive quotations for buildings insurance purposes.

This type of survey is the most popular report for buyers and is most suitable for modern properties, or a standard older building in a reasonable condition.

Costs start from about £250 Get your free quote

This will highlight urgent issues that need further investigation by a specialist before you sign a contract e.g. Electrical inspections, further specialist damp proofing/woodworm reports and gas or plumbing tests

It's not usually suitable for properties in need of renovation, or if you're planning major alterations

What other types of Survey are there?

If you are buying a pre-war home, then you might consider a full Building Survey also known as a level 3 survey, this is a detailed report giving a description of the method of construction and providing an assessment of the individual defects. Particularly suitable if it is an old building or one that needs refurbishment

Click for What types of survey are there and what does it tell me for our advice on what type of survey might be suitable for your property.

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