Who are RICS HomeBuyer Reports Aimed at?
The Level 2 Home Survey (or Homebuyer report) is aimed at anyone who is buying a "Typical" house (standard houses that aren't really old, lsted and don't need extensive renovation etc.), whether they’re planning to live in it or rent it.
Contrary to popular belief they're not just aimed at old run down houses such as the one in this image. In fact that property would probably be better suited to a Building Survey.
What is it?
A Level 2 Home Survey (HomeBuyer survey) is an in depth inspection of a property carried out by a chartered surveyor. Typically they take between one and two hours to complete on site (depending on the size and condition of the property. The surveyor then returns to the office to write up what he/she found into the HomeBuyer Report.
The report itself can be around 50+ pages long but this will be dictated by the condition of the property and what defects were found.
The report splits the property down into sections and looks at each one individually. So, for example, there will be a section on roof coverings, a section on walls and so on. Here is an example report to see how they're laid out etc.
Within each section there may be different subsections e.g. there might be three different roof coverings and if so the one in the worst condition will be listed first and so on.
Each section also gets a number allocated to it which allows you to see at a glance which sections have serious defects '3', or require attention but are not serious '2' or need no repair '1' (see below for more details on the traffic light system).