Level 2 Home Surveys & Valuation Report

Previously known as a Homebuyer’s Report, the Level 2 Survey and Valuation Report aims to give you professional advice from one of our Chartered Surveyors.
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What is a Home Survey?

The Level 2 Survey and Valuation Report aims to give you professional advice from one of our Chartered Surveyors to help you to:

  • Make a reasoned and informed decision on whether to go ahead with buying the property.
  • Take account of any repairs or replacements the property needs.
  • Consider what further advice you should take before exchanging contracts.
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What's in the Survey and Valuation Report?

  • The surveyor's professional opinion on the 'Market Value' of the property
  • An insurance reinstatement figure for the property
  • The Level 2 can also be provided without a valuation at a reduced price.
  • An insurance reinstatement figure for the property
  • A list of problems that the surveyor considers may affect the value of the property
  • Advice on repairs and ongoing maintenance
  • Issues that need to be investigated to prevent serious damage or dangerous conditions
  • Legal issues that need to be addressed before completing your conveyancing; and
  • Information on location, local environment and the recorded energy efficiency (where available).

The RICS Home Survey and Valuation Report is a standard format and includes the following sections:

Main Report

  • A. Introduction to the report
  • B. About the inspection
  • C. Summary of the condition ratings
  • D. About the property
  • E. Outside of the property
  • F. Inside of the property
  • G. Services
  • H. Grounds (including shared areas for flats)
  • I. Issues for your legal advisers
  • J. Risks
  • K. Valuation
  • L. Surveyor's declaration

Appendices

  • What do now
  • Description of the RICS Home Survey and Valuation Report Service
  • House diagram

Nottinghamshire

Property condition ratings

The surveyor gives condition ratings to the main parts (or ‘elements’) of the main building, garage, and some outside elements. The condition ratings are described as follows.

01

Condition Rating 1

No repair is currently needed. The property must be maintained in the normal way.

02

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

03

Condition Rating 3

Defects that are serious and/or need to be repaired, replaced or investigated urgently. Failure to do so could risk serious safety issues or severe long-term damage to your property. Written quotations for repairs should be obtained prior to legal commitment to purchase.

NI (Not Inspected)

Inaccessible areas that would normally be reported on are indicated

More Information 0n The RICS Home Surveys & Valuation Report ​

The RICS Home Surveys & Valuation Report is provided by our Chartered Surveyors in Nottinghamshire.

An official publication on the RICS Home Surveys & Valuation Report is available to download here:

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Why do you need a Survey?

The reason a property survey is necessary, is solely to protect you, and to inform you of any hidden defects that the property you’re looking to buy, may have.

There have been many instances in the past and they still happen today, where property buyers are being caught out by hidden defects unknown to them before purchasing their new property, only to discover the unknown faults after it was too late and found themselves having to pay an unwanted bill for repairs that could go into the thousands.

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Nottinghamshire Surveyors

We offer a comprehensive range of Residential & Commercial surveys and conduct them all in a professional and friendly manner to help you make the best informed property purchasing decision.

“The team are super professional, the surveyor who visited my property was excellent and extremely polite. Would highly recommend to anyone who is needing a survey on their home.”

Simon D.

“Everything was explained to me really well and helped me buy my new home!”
Mrs R Smith
“Professional services. Very efficient and great communication!”
Mr Hugh T
“Great customer service and great price”
Mrs Elane P

Quick links

Address

Six Oaks Grove, Retford, DN22 0RJ

Send us an email

survey@nottinghamshiresurveyors.com

Talk to us

01156 719 963

Opening Hours

Monday to Friday 9am -5.30pm
Visit by appointment only

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Nottinghamshire Surveyors, All rights reserved