RICS Level 2 Homebuyers Report

This form of report is intended as an overview of the condition of the Building and includes:

• A description of the construction and condition of the property on the date of inspection
• A traffic light system to highlight issues that need urgent attention.
• The surveyor’s professional opinion on the ‘Market Value’ of the property
• 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
• Information on location, local environment and the recorded energy efficiency (where available).

The Homebuyers Report is useful if you are buying a property which is a flat, bungalow or small house, built from traditional building materials and has not been significantly extended and is less than 50 years old.

http://www.ricsfirms.com/articles/why-should-i-get-a-home-survey/ – useful link to RICS website detailing the different surveys.