House Survey Cost

You might be wondering why a Level 2 Homebuyer survey is necessary. We understand that when you're making such a significant investment, you want to get the most value for your money. While it may be tempting to rely solely on a basic mortgage valuation, it's important to understand that it's not intended to provide a thorough assessment of the property's condition or future maintenance costs. Skipping a Homebuyer survey could leave you with unexpected repair expenses down the line. Buying a home is a major financial commitment, and it's crucial to have as much information as possible about the property you're interested in. The survey can act as a investment with a very real return during negotiations if significant defects are found.

The RICS Level 2 Survey is a report compiled by a surveyor after inspecting a property in person. It goes into much greater detail about the property's condition than a valuation report would. The survey is all about providing you with professional advice to help you make an informed decision about whether to move forward with the purchase. It takes into account any necessary repairs or replacements the property needs and suggests further steps you may want to consider before finalising the purchase.

The RICS Level 2 Survey is designed for standard properties that haven't undergone extensive alterations or extensions, are in decent condition, and were built within the last 130 years.

If the surveyors discover defects that will require expensive repairs, don't panic! This doesn't necessarily mean you should rule out buying the property altogether. One option is to use the report as a tool for renegotiation. You can ask the seller to lower the price of the property to reflect the cost of the necessary repairs. With a reduced purchase price, you'll have more funds available to hire someone of your choosing to take care of the repairs.

House survey cost for a Level 2 Home Survey from a RICS surveyor typically ranges from £380 to £520, with most properties costing around £450. The exact house survey cost depends on the property price and the number of bedrooms it has. Keep in mind that larger properties take more time to survey and require more research to find comparable property sales, which could affect the final cost of the survey.