Should I get a RICS Level 2 or Level 3 survey?
For most modern properties of standard construction and in good condition, you should do a level 2 survey. If you are purchasing an older or unusual property or one which has been extended or altered, or a home in poor condition then you should purchase a level 3 survey. A level 3 survey is a more substantial investigation and a more thorough report. It is therefore more expensive but it is equally more detailed.
The additional detail of the level 3 is most valuable when defects are found. The level 2 survey will identify defects which are serious (i.e. affecting the value of the property) or significant (i.e. requiring urgent attention). The level 3 survey will aim to identify a broader range of defects and it will aim (where possible) to provide detail about the cause of the problem, the recommended remedy, the timescale for repair and the likely cost of repair.
If you're unsure, get in touch, and a team member will help you through the decision and determine which is best for your property, free of charge.
Should I get a Valuation as an additional service?
Level 2 and Level 3 surveys do not include a valuation. A valuation is available as an additional service, at an additional cost. A valuation gives you the surveyor’s independent professional opinion of how much the property is worth. The surveyor is also an RICS registered valuer. The valuation will take account of any defects and repairs which the surveyor has identified in the report and this can help buyers to negotiate a price reduction (to take account of defects and repairs). It is therefore often well worth instructing an additional valuation, as part of the level 2 or level 3 survey. We provide residential valuations for all purposes, including matromonial and probate.
Structural Engineer's reports/Structural Appraisals - This inspection and report focuses on the main structural components of a building reporting on defects
found, identifying and classifying structural movement and cracking. The report provides technical advice on repairs and estimated costs. This report is often required following a recommendation made
in a valuation carried out for mortgage purposes.