Homebuyer Report vs Building Survey | RICS Level 2 vs RICS Level 3 

As a prospective homebuyer, selecting the correct type of survey to determine the condition of the property can be a critical step in the home-buying process, often confusing due to the myriad of options available. This article aims to clarify the main difference between a Homebuyer Report vs Building Survey, two of the most popular choices regarding property surveys.

Homebuyers Report - RICS Level 2

A Homebuyer Report, issued by an accredited RICS (Royal Institute of Chartered Surveyors) surveyor, is a detailed visual inspection of a property designed to uncover any hidden issues that might affect your decision to purchase the property. The surveyor meticulously assesses the readily accessible areas of the property and identifies any immediate or potential defects that could incur repair costs in the future. This survey level is typically suitable for modern or older properties that appear to be in a reasonable condition. Alongside identifying defects, the Homebuyer Report can include a market and reinstatement valuation (at an additional cost), providing an accurate estimate of the property's value in the current property market.

The RICS Level 2 Homebuyers Report is a popular choice amongst modern home buyers, designed to provide an easy-to-read, detailed report on the condition of a property. Offered by the Royal Institution of Chartered Surveyors (RICS), this home survey occupies a midway level, offering more detail than a Level 1 Condition Report but less than a Level 3 Building Survey. This report utilises a ‘traffic light system’ to present its findings, making it straightforward to understand the surveyor’s assessment of the property's condition, including any visible defects that may affect the home's value.

Full Building Survey - RICS Level 3 (Full Structural Survey)

The RICS Level 3 Building Survey is a comprehensive survey designed to analyse a property's condition in more detail. This survey level is recommended for older properties or those made with unusual materials, where a thorough inspection is necessary to understand the property's structural integrity. The surveyor will highlight any significant issues and advise on potential repairs and ongoing maintenance. It's important to note that a building survey will cost more than a Homebuyer's Report due to its more detailed and time-consuming nature.

Although the Level 3 Building Survey provides much more detail, it is crucial to ascertain which type of survey is suitable for the property you want to buy, which can depend on several factors, such as the age and condition of the property. If you're purchasing a relatively modern home or a conventional bungalow that appears to be in good condition, a Level 2 Homebuyer's Report could suffice. However, for older buildings or those constructed with non-standard materials, a Level 3 Building Survey can provide the level of scrutiny required.

Homebuyers Reports vs Building Survey

By understanding the main differences between a Homebuyer Report and a Building Survey, you can make an informed decision that suits your specific needs and offers peace of mind about the state of your potential new home. As the adage goes, 'knowledge is power - knowing what to expect from each survey type can protect your investment and set the stage for a successful home-buying journey.

We understand that buying a property is a significant investment, and you need reassurance that it is a good investment. An independent and comprehensive survey by an RICS Surveyor could save you thousands of pounds in future repair bills or allow you to negotiate a realistic purchase price. But how to choose which one is suitable for your requirements?

HomeBuyer vs Building Survey, Harding Chartered Surveyors

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HomeBuyer vs Building Survey, Harding Chartered Surveyors
Based on 120 reviews
We are very pleased with the service you have provided and would certainly recommend you in future .
Very positive experience. We hired Harding Surveyors to carry out a building survey on a commercial property to be leased from the council. They did a great job and we went back to them again to carry out a schedule of condition report, prior to us moving in. Very helpful, friendly, good communication, and reasonable price. Would recommend.
Dependable and timely - would recommend
Harding Chartered Surveyors have provided very efficient and professional services with their valuation for Probate purposes. Very good communications at the outset when inquiring about their services with prompt response, as well as addressing questions after their report was sent to me.I also found their fees reasonable compared to other quotes. Highly recommended
The report is excellent and was provided promptly. All aspects of the service were handled efficiently and professionally. Many thanks to Charles and the team.
Seamless experience. Very swift and well organised with a thorough survey completed and report returned within less than a week of booking!
HomeBuyer vs Building Survey, Harding Chartered Surveyors

Below is a diagram to help you find out which one is right for you, please contact us if you need any assistance.

HomeBuyer vs Building Survey, Harding Chartered Surveyors
Harding Chartered Surveyors is an independent firm of RICS chartered surveyors. We understand that purchasing a home is one of the most important things you will ever do and, as such, take pride in guiding you through the process by offering a range of services.

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