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Buying a new home can be an overwhelming experience.

 

We can help.

 

 

The RICS Home Survey & Valuation report aims to give you professional advice to help you to:

  • 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

It contains:

  • 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)

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RICS Level 2 Home Survey & Valuation Report

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

  1. Introduction to the report

  2. About the inspection

  3. Summary of the condition ratings

  4. About the property

  5. Outside of the property

  6. Inside of the property

  7. Services

  8. Grounds (including shared areas for flats)

  9. Issues for your legal advisers

  10. Risks

  11. Valuation

  12. Surveyor’s declaration

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Appendices:

  • What to do now

  • Description of the RICS Level 2 Home Survey & Valuation Report

  • House diagram

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)

More Information on The RICS Level 2 Home Survey & Valuation Report

 

The RICS Home Survey & Valuation Report is provided by our Chartered Surveyors in South Yorkshire.

You can find out more about the RICS Homebuyer Report by clicking HERE.

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

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