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The RICS Home Survey & Valuation Report

The Level 2 RICS Home Survey & Valuation Report aims to give you professional advice to help you to:

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  • 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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The Level 2 RICS Home Survey & Valuation Report report contains:

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  • 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; and

  • Information on location, local environment and the recorded energy efficiency (where available).

The Level 2 RICS Home Survey & Valuation Report is in a standard format and includes the following sections:

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  • 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:

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  • What to do now

  • Description of the RICS HomeBuyer Service

  • House diagram

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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.

Condition rating 1
No repair is currently needed. The property must be maintained in the normal way.

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.

Condition rating 3
Defects that are serious and/or need to be repaired, replaced or investigated urgently

NI Not inspected (Inaccessible areas that would normally be reported on are indicated)

Looking for more Information on the RICS Home Survey & Valuation Report?

We are proud to offer the RICS Level 2 Home Survey & Valuation Report within Rutland and surrounding areas.


The RICS Level 2 Home Survey & Valuation Report is reproduced with the permission of The Royal Institution of Chartered Surveyors which owns the copyright.

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