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Timestamps:
0:00 Introduction
0:14 What is a level 3 building survey?
0:35 What kind of property is a level 3 building survey suitable for?
0:58 When should I arrange a level 3 building survey?
1:25 What is included in a level 3 building survey?
2:20 Is there anything excluded from a level 3 building survey?
2:47 ...but my builder says the property looks OK
3:06 How much does a level 3 building survey cost?
3:24 How can I arrange a level 3 building survey?
3:51 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.
The Level 3 provides you with everything that the Level 2 does, and more. It is a really versatile product, providing a more comprehensive report that is recommended for larger, older or complicated properties, those in poor condition, or where you are planning extensive works or alterations. It can also be the right choice for a newer, more straightforward property if you want the extra reassurance of a ‘next level’ overview.
In a Level 3 report, some surveyors, like Harrison Clarke, also include the building surveyor’s cost estimates for remedial work, in accordance with your requirements and your specific written instructions. The Level 2 does not include cost estimates for remedial work.
If you are not sure whether the Level 2 or the Level 3 survey will be the most appropriate for your potential property, have a quick chat with Harrison Clarke, or another building surveyor of your choice, and they will be happy to advise you.
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