RICS Level 2 Home Survey (with or without valuation)

This is a licensed RICS product which is most suited to conventional properties which appear to be in reasonable condition.

Since April 2022 the RICS Level 2 Home Survey is available with or without a valuation.

It is the most common Survey that is instructed and provides “traffic light” ratings on urgent repairs and significant defects of a property, best suited to homes built after 1920. The RICS Level 2 Home Survey will not highlight relatively minor defects or faults which do not materially affect the value of the property.

The Chartered Surveyor is at the property for approximately half a day for the Level 2 Home Survey and will call you two working days after to discuss his initial thoughts and findings before the report is issued.

A simple ‘traffic light’ system is used to clearly identify the condition of the key elements of the property.

• A condition rating of 1 (green) indicates no repair is currently needed
• Rating of 2 (amber) that defects need repair or replacement but are not considered serious or urgent.
• Rating 3 (red) shows that defects are serious and /or need to be repaired, replaced or investigated urgently.

The report will comment on:

• A list of problems that the Surveyor considers may affect the value of the property.
• Advice on repairs and ongoing maintenance issues that need to be investigated to prevent serious damage or dangerous conditions.
• Legal issues that need to be addressed before completing your conveyance, information on location, local environment and the recorded energy efficiency (where available)

In addition if a valuation has been instructed with the RICS Level 2 Home Survey:

• An insurance reinstatement figure for the property.
• The Surveyors professional opinion on the market value of the property.

Quotations are provided on the agreed purchase price of the property.

It is advised that any alterations at the property (i.e. loft conversions) have a building certificate etc. If this is not the case then this survey is not sufficient for your needs.

Before you commit to buying your next property, make sure that you request an RICS Level 2 Home Survey with or without a valuation.

Our RICS Level 2 Home Survey report will help you to:

• Make an informed decision on whether to go ahead with buying the property
• Decide what is a reasonable price to pay for the property. (If applicable)
• Contemplate if you need any further advice before exchanging contracts