When buying a property, ensuring you understand its condition is crucial. A Level 2 Homebuyer Report is one of the most popular and comprehensive ways to assess the condition of a home before you commit to purchasing it. But what exactly is a Level 2 Homebuyer Report, and how do you know if it’s the right choice for your property purchase?
In this guide, we’ll explain what a Level 2 Homebuyer Report involves, why it’s important, and when it’s the best option for you.
A Level 2 Homebuyer Report, sometimes referred to as a Homebuyer Survey or RICS Homebuyer Report, is a property inspection designed to highlight potential issues in a home. It follows a clear, standardised format recommended by the Royal Institution of Chartered Surveyors (RICS), ensuring it’s easy to understand.
Unlike more detailed structural surveys (such as a Building Survey), a Level 2 Homebuyer Report is designed for conventional homes that appear to be in reasonable condition. It’s ideal for buyers who want professional advice on the property’s condition before making a purchase.
A Level 2 Homebuyer Report is designed to provide clear information on the property’s overall condition. It typically includes:
✅ General Condition of the Property — Identifies major defects that could affect the structure or value of the home.
✅ Advice on Repairs and Maintenance — Highlights urgent issues or areas that may need attention in the future.
✅ Assessment of Building Materials — Identifies materials used in construction and highlights potential risks (e.g., asbestos or damp).
✅ Inspection of Key Areas — Including roofs, walls, floors, windows, and doors.
✅ Electrical, Gas, Water, and Drainage Services Overview — Notes the visible condition of key utilities (but not tested).
✅ Environmental Concerns — Information on potential flood risks, subsidence, or proximity to hazardous sites.
✅ Valuation Option (Optional Add-On) — Some surveyors can include a valuation as part of the report to confirm whether you’re paying a fair price.
The report uses a traffic light rating system to indicate the urgency of each issue:
🟢 Green – No significant issues.
🟠 Amber – Some repairs or maintenance may be needed.
🔴 Red – Urgent repairs or serious issues requiring immediate attention.
A Level 2 Homebuyer Report is ideal if you are:
✔️ Buying a conventional property (e.g., a typical house, bungalow, or flat).
✔️ Purchasing a property that appears to be in reasonable condition with no major concerns.
✔️ Looking for an affordable yet comprehensive inspection.
If the property is older, has been extensively altered, or you suspect structural issues, a Building Survey (Level 3) may be more appropriate.
Many buyers assume that a mortgage lender’s valuation is enough to confirm a property’s condition — but this isn’t the case. A mortgage valuation simply confirms the property’s value; it doesn’t identify potential problems that could cost you thousands to fix.
A Level 2 Homebuyer Report gives you:
✅ Peace of Mind — You’ll understand the condition of the property before committing to the purchase.
✅ Negotiation Power — If the report identifies issues, you may be able to renegotiate the price or request repairs before completion.
✅ Forward Planning — The report highlights repairs or maintenance that may need attention in the future, helping you budget accordingly.
While a Level 2 Homebuyer Report isn’t as detailed as a full Building Survey, it can still uncover serious concerns. Common issues identified in a Level 2 Homebuyer Report include:
❗ Damp and Mould — Indicating poor ventilation or structural issues.
❗ Roof Defects — Such as loose tiles, leaks, or inadequate drainage.
❗ Cracks in Walls or Ceilings — Potential signs of structural movement.
❗ Electrical Issues — Outdated wiring or unsafe installations.
❗ Plumbing Concerns — Leaks, corroded pipes, or poor water pressure.
Spotting these problems early can help you make an informed decision about proceeding with the purchase — or provide leverage to adjust your offer.
The cost of a Level 2 Homebuyer Report typically ranges from £400 to £900, depending on the size and location of the property.
At Fisher Wrathall Surveyors, our RICS-qualified surveyors provide comprehensive Homebuyer Reports across Preston, Lancaster, Blackpool, and surrounding areas. Prices are tailored to your property size and specific needs.
✅ Inspection Time: Typically 1-2 hours for an average-sized property.
✅ Report Delivery: Most surveyors deliver their report within 3-5 working days after the inspection.
While new builds are designed to modern standards, issues can still arise — especially with rushed developments. Snagging issues such as poorly fitted windows, incomplete finishes, or faulty plumbing can often be found in new properties. A Level 2 Homebuyer Report can help identify these concerns before they become costly problems.
At Fisher Wrathall Surveyors, we provide detailed, professional Homebuyer Reports to give you peace of mind when buying your next property.
Our RICS-qualified surveyors are experienced in assessing homes across Preston, Lancaster, Morecambe, and beyond. With clear, actionable advice and a fast turnaround, we help you make confident property decisions.
📞 Call us on 01524 69922
📧 Email us at info@fwsurveyors.co.uk
📝 Or Book Your Level 2 Homebuyer Report Online
A Level 2 Homebuyer Report is one of the smartest investments you can make when buying a property. By uncovering potential issues and providing expert guidance, it protects your investment and ensures you know exactly what you’re buying.
For trusted advice and comprehensive surveys in Preston, Lancaster, or Blackpool, contact Fisher Wrathall Surveyors today.