RICS Level 2

RICS created a Level 2 survey, also known as a Homebuyer Report, to provide potential property buyers with a sufficient assessment of a property's condition before exchanging contracts. 

A Level 2 survey typically covers the following areas: 

Overall opinion of the surveyor: This is a crucial part of the survey report; however, it is essential to remember that the final decision belongs to the buyer. The surveyor only assists the client with making an informed decision about the purchase. 

General information: The survey will include available details about the property, such as its location, type, and age. 

Overall condition: The surveyor will assess the property's condition and any significant defects. 

Structural assessment: The surveyor will inspect the property's main structural elements, such as the walls, roofs, and floors, to identify any potential issues or areas of concern. 

It's important to note that a Level 2 survey is not as comprehensive as a Level 3 survey, also known as a Building Survey. The latter is more expensive but may be the best choice for older properties, such as houses built in the 1900s or before. 

The report turnaround is between 2 to 5 days.

The total cost is usually as follows:

£850 for a 4-bedroom house

£750 for a 3-bedroom house

£650 for a flat

£250 for the valuation (on the top of the survey price)

Please note that prices are indicative and depend on many factors, such as market value, travel distance, size, and the level of our liability.

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