What is RICS HomeBuyer Survey?
Known as a “level 2” inspection, the RICS HomeBuyer Survey and Valuation report is not as detailed as the level 3 full Building Survey, but still involves a comprehensive inspection of all parts of the building and grounds. It considers any matters likely to influence Market Value and includes an independent opinion of that value. Should the HomeBuyer Survey identify problems which require further investigation (for example structural movement or services defects) then appropriate investigations can be arranged afterwards, probably by more specialist and appropriate persons, depending on the issues raised. However, the report would be conclusive in most areas and is an ideal pre-purchase survey for most homes.
What does the report include?
The RICS Homebuyer Report uses a traffic light system that lets you to see at a glance the condition of the various parts of the building. The report includes:
- A clear layout which is easy to understand, so you can quickly find the details you need to make a reasoned and informed decision on whether or not to proceed with the purchase
- Colour-coded condition ratings which enable you to easily interpret the condition of the property
- An independent valuation of the property and insurance re-build estimate
A report that is unbiased
Remember, only an independent survey gives your interests top priority. The report will contain an accurate valuation that is unbiased, with no influencing outside factors. You need to be sure that the price you are paying is fair and reflects any defects.
Our Level 2 Home Surveys are undertaken in accordance with the new RICS Home Survey Standards.
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