Which RICS survey is best for your needs? A mortgage valuation is for the benefit of the lender while a survey is for your benefit. An RICS Home Survey will highlight potential problems and getting one done can help you avoid the average £5,750 repair bill that home buyers face once they have moved into their new home. RICS Home Survey Level 2 There are two types of survey for Level 2, one that is a survey only with no valuation, and one that includes a valuation. These reports include a more extensive inspection of the property and guidance on defects that may affect the value of the property. Where a Level 2 survey and valuation are undertaken, the report also includes an independent valuation of the property. RICS Home Survey Level 3 This survey offers an extensive inspection of property condition and gives detailed information about the structure and fabric of the property. It includes a description of visible defects and potential problems caused by flaws and an outline of repair options that may affect the value of the property.
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