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RICS Level 2 Surveyors in Leicester
Readings is a leading firm of RICS Surveyors based in Leicester City Centre, but we work with properties in Leicestershire and the surrounding areas too. Our RICS Surveyors are all members of the Royal Institution of Chartered Surveyors (RICS) so you can be assured that the survey undertaken will be done to the highest standard, and explained properly to you.
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Frequently Asked Homebuyers Survey Questions
An RICS Level 2 Survey which was previously known as a Homebuyers Report, is an optional inspection of a property you’re looking to purchase. This will include a report based on the findings and also a property valuation (if you’ve opted for the survey with a valuation). The aim of this report is to look at the condition of the property, highlighting any problems using a traffic light system – this is for the buyer’s benefit as it’s completed to find and record any issues in a property that may result in damage and could need repairs in the future. This can advise you on whether you should go ahead with buying the property and whether the price needs negotiating.
It’s important to note that during an RICS Level 2 Survey, the surveyor will inspect both the inside and outside of the property, as well as any permanent outbuildings – they will not move furniture, take up carpets or anything that involves removing anything from the property. In summary, the report will include:
- Valuation of the property (if you’ve opted for the valuation)
- Any problems which could affect the value of the property
- Problems which need to be investigated for safety reasons
- Advice on repairs and replacements
In terms of any defects that are highlighted in the report, they are rated by the level of potential seriousness with this colour coding system:
- Level 1/green indicates that no action is required;
- Level 2/amber indicates that defects need repairing but not urgently;
- Level 3/red indicates serious defects that require urgent attention and repair.
The report is for you to use and discuss with the seller if you choose to.
Once you’ve established the issues that need fixing, you will need to ask your surveyor how much it’ll cost to address these problems (or if it’s a larger problem, consult the correct tradesperson). You can then either use this information to negotiate the property price with the seller, or decide whether the property is worth taking on.
Our team is more than qualified to undertake this part of the process for you. As we are RICS accredited, you can be sure that we adhere to the highest ethical and technical standards and work to the codes of best practice and we are accredited through both residential and commercial properties. To conduct your RICS Level 2 Survey, you’ll want to speak to:
- Sean Sexton MRICS – RICS Chartered Surveyor Director
- James Beardsworth AssocRICS – RICS Surveyor Director
The report is for you to use and discuss with the seller if you choose to.
Once you’ve established the issues that need fixing, you will need to ask your surveyor how much it’ll cost to address these problems (or if it’s a larger problem, consult the correct tradesperson). You can then either use this information to negotiate the property price with the seller, or decide whether the property is worth taking on.
For more detailed information on the RICS Level 2 Report, take a look at our blog; What’s The Difference Between A Homebuyer Report And A Mortgage Valuation?
