RICS LEVEL 2 HOMEBUYER SURVEY

What is a Level 2 House Survey? The RICS Level 2 Survey is a house report, compiled after a physical inspection of a property by a surveyor, which provides home buyers with more in depth information on the condition of the property compared to a valuation report. A Level 3 Survey adds further detail, advice and repairs costs.

In most cases, a Level 2 Homebuyer Survey is a good option. It's the most suitable survey for standard properties and will give you a clear idea of what you're investing in. However, if you're looking for details on the property's structure, you'll need a Level 3 Building Survey.

It depends on the age, condition, and future plans for the property. A Level 2 survey is suitable for most properties, while a Level 3 survey provides a more in-depth assessment for older or problematic properties.

The HomeBuyers Level 2 Survey includes: Background information on the property and location. An assessment of any damp-proofing, drainage or insulation in the building (although drains are not tested), using a damp/moisture meter it is likely that further investigations will be required to full diagnose and provide advice on remedial work required.

A Level 2 Home Survey, previously known as a HomeBuyers Survey costs an average of £500 - though you may pay between £325 and £900. The true cost will vary depending on the value of the property, size and the location. Any risks or repair work will be rated 1-3 using a easy to understand traffic light system, Red, Amber and Green.

We cover: Cheshire, Lancashire, Liverpool and Manchester and everywhere in between.

Property surveyors can identify issues that may impact a buyer's decision to continue with the purchase. These red flags could include structural damage, unapproved extensions, damp or subsidence. Ultimately it depends on the cost of those repairs and whether you are able to negotiate the purchase price or willing to accept risk and the cost of those repairs.