LEVEL 2 (HOMEBUYER REPORT)
Get the essentials of a property’s condition
Commonly referred to as a Level 2 (HomeBuyer Report), this report was designed by the RICS as a cost effective method of minimising risk. The focus is on the essentials; defects which have a material effect on the value of a property.
The HomeBuyer Report format is standardised, compact, and easy to understand. Elements are given a colour coded condition rating of 1 to 3. It covers the building inside and outside, the services and the site. The HomeBuyer Report also contains both a current market value and a re-instatement cost for your insurance policy.
For the RICS Description of the Level 2 (HomeBuyer Report), please click here.