What's the difference between Level 2 and Level 3 surveys?

A RICS Level 2 survey and a RICS Level 3 survey are two distinct types of property surveys, each offering different levels of detail and analysis. A RICS Level 2 survey, also known as a HomeBuyer Report, provides a comprehensive overview of a property's condition, focusing on major defects and potential issues. It's suitable for relatively modern properties in good condition. This survey highlights urgent matters, such as structural concerns and dampness, aiding buyers in making informed decisions.

On the other hand, a RICS Level 3 survey, known as a Building Survey, offers a more extensive evaluation, suitable for older or complex properties. It provides an in-depth analysis of the property's structure, fabric, and potential defects, covering a wide range of aspects. This survey is particularly beneficial for properties requiring renovation, as it offers detailed insights into necessary repairs and maintenance. It can also include a summary of the repairs identified and cost to help you budget for the repairs or negotiate the purchase price.

In summary, the main difference between a RICS Level 2 and Level 3 survey lies in the depth of analysis. A Level 2 survey is suitable for newer properties with fewer issues, while a Level 3 survey is more comprehensive, suited for older or intricate properties that may need significant attention. Understanding these differences helps buyers choose the appropriate survey, ensuring a thorough assessment of a property's condition and guiding their purchasing decisions effectively.

We are happy to talk you through the options and which level of survey is best for you and the property you are considering buying.