What is a RICS Level 2 Homebuyer Survey?
A Homebuyer Survey (otherwise known as the Level 2 RICS Survey) is a survey to find and document any problems in a property that could cause damage and need future repairs, such as damp or subsidence. A Homebuyer Survey is carried out on homes that are in a reasonable condition and is a non-intrusive survey.
The Homebuyer Report will discuss the condition of each building element and can reveal issues that might impact the value of the property and need further investigation. It will include all major sections of a property that are visible to the surveyor on the day of the survey.
What does a Homebuyer Survey include?
The Homebuyer Report
Our Homebuyer Surveys are conducted by RICS qualified surveyors who have a wealth of experience in residential property and building pathology.
The Homebuyer Survey includes a visual inspection of all major indoor features including ceilings, roofs, walls and bathrooms. In addition to this, outdoor elements including roofing, pipes, gutters, walls, windows and doors will also be inspected. A surveyor will further inspect the heating, drainage, electric, gas/oil and water services and provide an energy efficiency rating.
The Homebuyer Survey uncovers any serious structural problems with the building such as subsidence. The surveyor will also inspect damp-proofing, drainage, insulation and damp test the walls to ensure damp is not present in the property. They will further investigate the condition of the property’s timbers for woodworm and rot.
On completion of the survey, our surveyors compile their findings and produce the Homebuyer Report, which is licensed by the RICS. The report will be issued within 4 working days of the survey being completed.
The report includes details of all major faults and how they may affect other elements of the building and the urgency at which they require addressing. The surveyor will also offer repairs and maintenance advice on how to rectify these faults.
The survey highlights defects within the property and rates these issues in terms of seriousness using a traffic light coding system:
Green (Level 1) - indicates that no action is required other than normal property maintenance.
Amber (Level 2) - indicates that defects need repairing but not urgently.
Red (Level 3) - indicates serious defects that require urgent attention and repair. This allows you to evaluate the condition of the property and determine what action is needed.
Your Homebuyer Report will provide outline information on the property being surveyed and its location. Your RICS surveyor will also highlight specific areas where you will need to consult a legal advisor to further investigate these issues and seek specialist attention.
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