RICS Homebuyer Report

RICS Level 2 Homebuyer Report

Buying a property is one of the most expensive things you will do in your lifetime. This type of survey will give you peace of mind that you are buying a sound investment. Choose this report if you are purchasing a residential property built after 1900. This is the most popular type of report designed for conventional properties in a reasonable state of repair. Properties that are newly built or are under a current NHBC warranty may only need a RICS Condition Report (Level 1).

A Level 2 report includes:

  • The surveyor’s professional opinion on the ‘market value’ of the property (optional)
  • An insurance reinstatement figure for the property (optional)
  • A non-intrusive inspection of the visible and accessible areas inside and outside of the main building and all permanent outbuildings.
  • Provides information on but not limited to structural movement, damp issues, electrical and other services
  • Issues that need to be investigated to prevent serious damage or dangerous conditions
  • Highlighted areas that require further investigation by your Legal Advisor or further specialist reports.
  • It uses an easy to follow traffic light system gives a summary of defects at the start of the report.

How long does it take to receive the survey?

Once the survey inspection has taken place, we aim to deliver the Homebuyer Survey (Level 2) within 3 working days. You will receive your copy via email as a PDF document. We can also email a copy straight to your Legal Adviser.

You will have the option to include a market valuation of the property as well as a reinstatement cost for building insurance. You can confirm your requirements when you BOOK your report. The valuation may be different to the agreed price if expensive repairs are required. You can then use the report to renegotiate the price or decide whether you wish to proceed with the purchase.

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