RICS Home Survey Level 2
Why should I get a survey?
The Royal Institution of Chartered Surveyors (RICS) reports that the average repair bill faced by homebuyers after they move into their new home is £5,750.
By getting a RICS Home Survey you, the buyer, can make a more well-informed decision about buying a property and reduce the risk of unexpected problems and costs arising later. In addition to offering advice about the property’s condition, the report also includes a “Matters for legal advisers” section which highlights any areas of the property that may have required regulatory approval (building regulation, planning permission or similar).
It’s worth remembering that your legal adviser will not normally visit the property and may therefore not be aware of alterations or other work that has been carried out. This can also help you to avoid problems in the future if you wanted to sell or refinance the property.
- We recommend the Home Survey Level 2 on properties that appear to be in average/good condition, up to around 100 years old and of standard construction.
- We can offer the report with or without a market value and reinstatement cost calculation.
- The report can also be a useful negotiation tool and can help to plan future maintenance and expenditure.
- Most conveyancers and consumer protection organisations (including Which and The Council of Mortgage Lenders) recommend an independent home survey before you commit to buying a property.
What can I expect from the service?
A qualified surveyor will inspect the property and compile the report. We use the RICS approved report format, which is widely considered to be the best available.
The report methodically covers the key elements of the property, bringing all relevant matters to your attention, including making recommendations for further investigations if needed. The report sections are rated using a traffic light system (red, amber, green) so that you can quickly see which issues are critical.
Why Choose Portland Surveys?
As independent RICS accredited surveyors we are committed to providing you with clear, unbiased, expert advice. Our aim is to equip you with all of the information that you will need to progress with the purchase and to make this part of the buying process as stress-free as possible.