RICS Level 2 Home Survey with Valuation
A RICS Level 2 Home Survey with Valuation combines a professional assessment of a property’s condition with an independent market valuation. Suitable for most conventional homes built using standard construction, it helps you understand the property’s condition and market value before you commit to the purchase.
Is a Level 2 Home Survey with Valuation Right for You?
A Level 2 Home Survey with Valuation is suitable for buyers who want more than an overview of a property’s condition. Alongside the survey, you’ll receive an independent market valuation prepared by a RICS Registered Valuer, giving you a clearer understanding of both the property’s condition and its value.
It can help you understand the property’s condition, identify significant defects and provide an independent opinion of its market value at the time of the inspection.
It is commonly chosen for:
- Modern and traditional homes built using standard construction.
- Properties that appear to be in reasonable condition.
- Buyers who would like an independent market valuation.
- Buyers who require an insurance rebuild cost where appropriate.
What's Included in a Level 2 Home Survey with Valuation?
The survey is carried out in accordance with the RICS Home Survey Standard and combines a visual inspection with an independent market valuation.
Visual Inspection
The property is inspected internally and externally to identify significant defects, maintenance issues and visible areas requiring attention.
Condition Ratings
The report uses the RICS traffic light condition rating system to help you understand the significance of any defects identified during the inspection.
Independent Market Valuation
The report includes an independent market valuation prepared by a RICS Registered Valuer, reflecting the surveyor’s professional opinion of the property’s market value at the date of inspection.
Insurance Rebuild Cost
Where appropriate, the report also includes an insurance rebuild cost, helping you determine the level of buildings insurance required to reinstate the property following a total loss.
Repair & Maintenance Advice
The report highlights repairs that may be required, ongoing maintenance considerations and any further investigations that should be carried out before you proceed with the purchase.
Level 2 Home Survey vs Level 2 Home Survey with Valuation
Choosing the correct survey depends on the age, construction and condition of the property. The comparison below provides a general guide.
| Feature | Level 2 Home Survey | Level 2 Home Survey with Valuation |
|---|---|---|
| Visual inspection of the property | ✓ | ✓ |
| RICS Condition Ratings | ✓ | ✓ |
| Repair and maintenance advice | ✓ | ✓ |
| Independent market valuation | — | ✓ |
| Insurance rebuild cost (where appropriate) | — | ✓ |
Why Choose Viking Surveyors?
Our RICS Chartered Surveyors provide independent advice, straightforward reports and practical recommendations to help you make informed decisions about your property.
Reports Delivered Promptly
Receive your report promptly after the inspection, allowing you to review the findings and move forward with confidence.
RICS Chartered Surveyors
Every inspection and valuation is carried out by an experienced RICS Chartered Surveyor or RICS Registered Valuer.
Clear, Practical Reports
Our reports are written in plain English, making it easy to understand the property’s condition, valuation and any recommended next steps.
Independent Family-Run Practice
We’re an independent family-run practice providing honest, impartial advice with a personal approach to every instruction.
Frequently Asked Questions
No. The valuation reflects the surveyor’s professional opinion of the property’s market value at the date of inspection, taking into account its condition, location and comparable sales. The agreed purchase price may differ depending on market conditions and negotiations.
Yes. If the survey identifies defects that may affect the property’s value, the report can provide useful evidence when discussing the purchase price with the seller.
Not necessarily. A lender’s valuation is carried out for the lender’s benefit and is usually limited to confirming that the property provides suitable security for the mortgage. A Level 2 Home Survey with Valuation provides you with an independent assessment prepared by a RICS Chartered Surveyor and Registered Valuer.
The inspection time varies depending on the size and type of property, but most inspections are completed within a few hours. Your surveyor will advise if additional time is likely to be required.
The survey findings and valuation are normally provided within a single report, making it straightforward to review both the property’s condition and the surveyor’s opinion of its market value.
Yes. If you have any questions after receiving your report, you’re welcome to contact the surveyor who carried out the inspection to discuss the findings and recommendations.
If significant defects are identified, the report will explain their potential impact and recommend any further investigations or repairs that may be appropriate before you proceed with the purchase.
A Level 2 Home Survey with Valuation is generally suitable for conventional properties in reasonable condition. Older buildings, listed properties or homes of non-standard construction may require a more comprehensive Level 3 Building Survey.
Get In Touch
If you’re buying a property, arranging a valuation or you’re unsure which survey is right for you, we’re happy to help. Tell us a little about the property and we’ll recommend the most appropriate survey before preparing your quotation.
If you’d rather speak to someone, call us on:
Areas We Cover
With offices across England, we carry out RICS Level 2 Home Surveys with Valuation for home buyers across a wide range of towns, cities and surrounding areas. Use the map below to find your nearest office and the locations it covers.