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Typically, the RICS Level 2 Home Survey (Formally the HomeBuyer Report) is classed as a level 2 type of service.
This means that the level of report and inspection detail carried out by the Chartered Surveyor is more comprehensive than the level experienced when a RICS Condition Report is instructed (class 1 type of service).
RICS Level 2 Home Survey (Homebuyers Survey)
A Level 2 Home Survey (Homebuyers Survey), also known as a Homebuyer’s Report, is a survey completed to a standard format set out by RICS – it’s most suitable for conventional properties built within the last 150 years, which are in reasonable condition.
It doesn’t detail every aspect of the property, and only focuses on urgent matters needing attention. It’s not usually suitable for properties in need of renovation, or if you’re planning major alterations.
A Level 2 Home Survey includes details of:
- The general condition of the property
- Any major faults inaccessible parts of the building that may affect the value
- Any urgent problems that need inspecting by a specialist before you sign a contract
- Results of tests for damp in the walls
- Damage to timbers – including woodworm or rot
- The condition of any damp-proofing, insulation and drainage (though drains aren’t tested)
- The estimated cost of rebuilding the property for insurance purposes
- The value of the property on the open market. (Optional).
Condition Ratings
The condition ratings are described as follows.
Condition Rating 3 = Defects that are serious and/or need to be repaired, replaced, or investigated urgently.
Condition Rating 2 = Defects that need repairing or replacing but are not considered to be either serious or urgent. The property must be maintained in the normal way.
Condition rating 1 = No repair is currently needed. The property must be maintained in the normal way.
NI = Not Inspected.
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