What is a RICS Home Survey Level 2
The RICS Home Survey Level 2 (formerly RICS HomeBuyer Report) was introduced by the RICS as a cost-effective method of minimising risk. It is suitable for a conventional house, flat or bungalow, built from common building materials and in reasonable condition.
It provides you with enough information to help you decide whether or not to proceed with the purchase, before you commit yourself. It highlights only urgent or significant defects in a property’s condition, and the need for repairs and/or replacements that you should be aware of before exchanging contracts.
For easy reference, the report will give a condition rating for each element:
Condition rating 1 (green)
no repair is currently needed
Condition rating 2 (amber)
defects that need repairing or replacing but are not considered serious or urgent
Condition rating 3 (red)
defects that are serious and/or need to be repaired, replaced or investigated urgently
