Level 2 Homebuyer Surveys – Your questions answered.
A Level 2 Homebuyer Survey is a type of property survey that is designed to provide a thorough inspection of a property’s condition before purchase. It is also known as a Home Condition Report.
A Level 2 Homebuyer Survey is recommended to potential property buyers to identify any defects and problems that might not be visible during a casual viewing. This helps buyers make informed decisions and negotiate the purchase price accordingly.
A Level 2 Homebuyer Survey includes a detailed inspection of the property’s visible interior and exterior features, including the roof, walls, windows, doors, drainage, electrical wiring, plumbing, and heating systems (services NOT tested).
The duration of a Level 2 Homebuyer Survey depends on the size and complexity of the property, but it usually takes between 2 to 4 hours to complete.
A Level 2 Homebuyer Survey is typically carried out by a qualified and experienced surveyor who is registered with the Royal Institution of Chartered Surveyors (RICS).
The cost of a Level 2 Homebuyer Survey varies depending on the size, age, and location of the property, as well as the complexity of the inspection. On average, it can cost between £300 to £700.
A Level 2 Homebuyer Survey is designed to uncover visible defects and potential problems that could affect the value of the property. However, it may not uncover hidden defects that are not visible or accessible during the inspection.
The surveyor typically sends the Homebuyer survey report within 48 business hours after the inspection.
No, a Level 2 Homebuyer Survey does not include a valuation of the property. It is a visual inspection report only, and the surveyor will not provide a market value or any financial advice.