Second hand property Condition Survey
What is a Pre-Purchase Condition Survey/Home Buyers Report?
A Pre-Purchase Condition Survey/ Home Buyers Report is a thorough inspection conducted by an expert surveyor to assess the condition of a property. This survey is crucial for identifying any existing issues or potential problems that a prospective buyer should be aware of before finalizing the purchase.
After an offer is accepted by the seller, home buyers typically arrange for this survey to ensure the property is in good condition. The surveyor visits the property, performs a detailed inspection, and then compiles a comprehensive report outlining their findings.
This report helps buyers make informed decisions and negotiate repairs or price adjustments if necessary.
Home Survey - Level 1
This is the most basic type of survey. It uses traffic light ratings to give an overview of the property's condition and highlight significant issues, but doesn't go into detail.
A Level 1 survey is suitable if you're looking to buy a standard, modern property that's in good condition, and want to confirm that everything looks okay.
Home Survey - Level 2
A mid-level survey is the standard choice for most properties in reasonable condition. This level of survey will look at everything that would be covered above, but with added extras.
It will highlight any problems that might affect the property's value, and include the surveyor's advice on repairs and ongoing maintenance. It should also highlight issues such as damp and subsidence, and point out anything that doesn't meet current building regulations.
The inspection is non-intrusive, meaning the surveyor won't look behind furniture or under floorboards, so they'll only be able to identify 'surface-level' issues.
Home Survey - Level 3
This is the most thorough type of survey. It provides a comprehensive analysis of both the property's structure and condition.
A Level 3 survey is a good option if you're buying a property that's over 50 years old, of unusual design, or in poor condition.
It can also be worthwhile if you're planning to do significant work or have major concerns about a property. The surveyor will be 'hands on' and do things like check the attic and look under floorboards. The report will list any defects and advise on repairs and maintenance.
You can also ask the surveyor to include projected costs and timings for any repair work recommended in the report.