Visit our website: harrisonclarke.co/
Timestamps:
0:00 Introduction
0:16 What is a Level 2 Homebuyers report?
0:35 What kind of property is a Level 2 Homebuyers report suitable for?
0:48 When should I arrange a Level 2 Homebuyers report?
1:04 What is included in a Level 2 Homebuyers report?
1:33 Is there anything excluded from a Level 2 Homebuyers report?
1:59 ....but my builder said the property looks OK
2:11 How much does a Level 2 Homebuyers report cost?
2:30 How can I arrange a Level 2 Homebuyers report?
2:49 Isn't this all very complicated?
Buying a home is, for most people, a hugely significant and exciting life event. It can also be a complicated, frustrating and stressful process.
In the midst of numerous information requests and queries flying around between you, your estate agent, mortgage adviser and legal adviser, there’s an important and crucial part of the process - your pre-purchase building survey, which doesn’t have to be stressful.
The purpose of a survey is to assess the condition of a property pre-purchase, giving you a snapshot of the property on the day of inspection. The content of the resulting report is an essential milestone in your buying process. Depending on what you read, you may have to regretfully decide to withdraw from the purchase.
It is a no-brainer that getting a professional and thorough survey completed on the property you’ve chosen to purchase is the right decision to make.
When you are buying a house, you are obviously spending a lot of money and you need the peace of mind, let alone the financial security, to know that your purchase is a sound investment. Cutting corners here, trying to save money by not paying for a survey, thinking ‘it looks all right to me’ and ‘my moving fees are high enough already’ could prove to be a very costly mistake.
There are two types of survey that you can commission on the property you have chosen to buy. One is the HomeBuyer Report (Level 2 Survey) - this used to be called the RICS HomeBuyer report, and the other is the Level 3 Building Survey. We will refer to them here as the ‘Level 2’ and the ‘Level 3’.
So, appreciating how valuable and impactful a building survey is, how do you know which one you are going to need?
Both surveys give you a non-intrusive visual inspection of the property.
The Level 2 provides you with detailed information on the condition of the property and what the building’s elements are made of. It flags any defects and potential future pitfalls the surveyor finds, as well as some ideas on how to remedy those defects. It also inspects the services from a building surveyor’s perspective and includes some commentary around that. The Level 2 also provides you with advice regarding ongoing maintenance, and provides guidance to your legal advisers.
This type of survey is recommended for houses that have been built by conventional construction methods within the last 100 years, and that appear to be in reasonably good condition.
Негізгі бет What is a Level 2 Homebuyers report?
Пікірлер: 1