Oakfield Building Chartered Surveyors

Homebuyers Survey | Level 2 Survey Oakfield Chartered Surveyors

When you are buying a home, one of the most important things you will do is have a home condition survey done. This is a detailed report on the condition of the property that you are considering buying. It can help to identify any potential problems with the property so that you can negotiate a lower price or address them before closing on the purchase.

Oakfield Chartered Surveyors is a forward-thinking firm in providing homebuyers surveys in the Buckinghamshire, Berkshire, Oxfordshire and London. We have a wealth of experience in helping people make informed decisions about their property purchases. Contact us today to learn more about our services and how we can help you get the information you need to make an informed decision about your next home purchase.

Homebuyers Survey

Oakfield Chartered Surveyors: The Homebuyers Survey

If you’re thinking of buying a home, you may have heard of a RICS homebuyers survey or Level 2 survey. But what is it, and do you really need one?

A homebuyer report is a detailed report compiled by a qualified chartered surveyor. It assesses the condition of the property as well as any potential risks or problems. This information can be vital in helping you to make an informed decision about whether or not to go ahead with the purchase. It can also give you negotiating power if there are any significant issues with the property.

In short, a homebuyers survey can give you peace of mind when buying a home, and we would always recommend having one carried out before proceeding with a purchase.

What the survey covers? - from the property's condition to its history

A homebuyer’s survey is an in-depth assessment of a property, conducted by a chartered surveyor. It covers everything from the condition of the property to its history and can give buyers valuable insight into any potential problems.

The RICS surveyor will start by carrying out a visual inspection of the property, looking for any signs of damage or disrepair. They will then check the property’s title deeds and planning permission records to ensure that there are no outstanding issues. The survey also includes important information on any legal issues that may be associated with the property. For example, if there are outstanding planning permission applications or if the property is located in a conservation area.

Once the physical inspection is complete, the surveyor will compile a report detailing their findings. This report will be an important tool in helping buyers to make an informed decision about whether to purchase a property.

A RICS homebuyers survey is an essential resource for anyone looking to purchase a property. The survey covers a wide range of topics and allows potential buyers to get a well-rounded picture of the home before making an offer. Ultimately, a homebuyers survey provides vital peace of mind for those looking to purchase a new home. Learn more about How to find a RICS surveyor.

Looking for a Homebuyers Survey?

We are one of the leading Chartered Surveyors covering London, Buckinghamshire and Oxfordshire and regulated by the Royal Institution of Chartered Surveyors (RICS).

Our team is dedicated to providing the highest quality building surveys.
Contact us to discuss your requirements further.

The cost of a homebuyers survey and how to budget for it.

An RICS level 2 survey is an essential part of the home buying process. It helps to identify any potential problems with the property, such as structural defects or damp. The cost of a homebuyers survey can vary depending on the size and age of the property. However, as a general guide, you should budget for around £450-700 for a standard homebuyers survey.

The cost of a more comprehensive survey, such as a building survey, can be upwards of £1000. Homebuyers surveys are an important investment and can help to save you money in the long run by identifying potential issues early on. With this in mind, it is important to budget carefully for your homebuyers survey.

Leasehold properties

If you are planning to purchase a leasehold property, you will also need to understand your commitments under the lease. While the cost of a homebuyers survey may seem like a significant expense, it is important to remember that it could save you thousands of pounds in the long run.

Homebuyer Survey
Homebuyers Survey Roof Report

What to do if there are any problems identified in the survey report?

If any problems are identified in the RICS building surveys, it is important to take action as soon as possible. In some cases, such as with structural issues, the repairs can be expensive and time-consuming. However, it is still important to address the problem so that it does not become worse over time.

If any problems are identified in the homebuyers survey report, it’s important to take actionquickly. First, you should speak to your solicitor or conveyancer to find out if the issue is something that needs to be remedied before the completion of the sale. If so, you may be able to renegotiate the price of the property to cover the cost of repairs. Alternatively, you may be able to ask the seller to carry out the repairs before completion.

If the homebuyers survey report identifies any problems, contact the surveyor to discuss the issue in more detail. This will provide more information about the problem and what needs to be done to fix it. Once you have the information, you can then start working on getting quotes from contractors for the necessary repairs or ask the seller to fix these before exchange.

How long does the survey lasts and what happens if you sell your property later on?

A homebuyers survey is a report compiled by a professional chartered surveyor that assesses the condition of a property. The survey will identify any major defects or problems with the property, such as structural issues, damp, or electrical problems.

It is important to note that the homebuyers survey is different from a mortgage valuation, which is a much simpler assessment that is only concerned with the value of the property. A homebuyers survey typically takes around two to three hours to complete, and the cost will depend on the size and age of the property. Once you have received the report, you will then be in a better position to negotiate the price of the property.

If you do sell your property later on down the line, it is important to note that the survey is only valid for the period when the surveyor visited. The new owner will need to commission their own homebuyers survey. you will therefore not be able to transfer the homebuyers survey to the new owner.

Looking for a Homebuyers Survey?

We are one of the leading Chartered Surveyors covering London, Buckinghamshire and Oxfordshire and regulated by the Royal Institution of Chartered Surveyors (RICS).

Our team is dedicated to providing the highest quality building surveys.
Contact us to discuss your requirements further.

When should you instruct a homebuyers survey and what are the consequences of not having one done?

A homebuyers survey is an essential step in the homebuying process. It provides a detailed report of the condition of the property, including any major defects or repairs that may be required. Without a homebuyers survey, buyers may be unaware of serious issues with the property that could end up costing them thousands of pounds to fix.

In addition, some lenders will not provide financing for a home without a homebuyers survey. As a result, it is important to order a homebuyers survey as early as possible in the homebuying process. Doing so will help to ensure that the property is in good condition and that the buyer is fully informed of all potential risks.

Even if your lender does not require a homebuyers survey, it is still strongly advised that you have one done. Without a homebuyers survey, you could be unknowingly purchasing a property that is in need of significant repairs.

What are the benefits of having a homebuyers survey done before buying a property and how can it help to protect your investment in the future?

A homebuyers survey is an important step to take when purchasing a property. The survey can help to identify any potential problems with the property, such as structural issues, condensation or damp, that could cause expensive repairs in the future.

The survey can also provide peace of mind by giving you an independent assessment of the condition of the property. In addition, the survey report can be used as a negotiating tool when discussing the purchase price of the property with the seller. Ultimately, a homebuyers survey is a valuable investment that can help to protect your interests when buying a property.

Homebuyers Survey FAQs

What is included in a Level 2 report?

The surveyor will examine the property and look for any major defects or problems. They will also take measurements of the home and prepare a report for the homebuyer. The house survey reports will include information on the condition of the property, as well as any recommendations for repairs or improvements.

Is it worth getting a homebuyers survey?

While the house survey cost can vary depending on the size and age of the home, as well as the location, it’s generally a good idea to get one. A homebuyers survey can help to identify any potential problems with the property that you might not be aware of, such as structural issues, damp or mould, fungal decay, or electrical faults.

Should I worry about a homebuyers survey?

The purpose of the survey is to identify any defects or problems with the property that could be potential hazards for the buyer. While a homebuyers survey is not required by law, it is highly recommended, as it can give buyers peace of mind when making such a large purchase.

How much does a house survey cost?

The cost of a house survey will vary depending on the size and type of property but typically starts at around £450 for a survey. This cost can increase if additional services are required, such as a valuation or Building Survey.

Oakfield Chartered Surveyors is a forward-thinking firm in providing homebuyers surveys in the Buckinghamshire, Berkshire, Oxfordshire and London. We have a wealth of experience in helping people make informed decisions about their property purchases. Contact us today to learn more about our services and how we can help you get the information you need to make an informed decision about your next home purchase.

Please fill out the form below and we will come back to you.

Alternatively please call us on 01494 926326.

One of our team of professionals would be delighted to help you with any queries.