Everything in one place
RICS Level 2 & Valuation
Your questions about commercial property answered
What is the difference between Level 2 and Level 2 + Valuation?
The Level 2 + Valuation includes everything in the standard Level 2 survey (condition assessment with “traffic light” ratings), plus a professional market valuation and an insurance reinstatement figure for the property.
Why do I need a valuation with my survey?
A professional valuation ensures you are paying a fair market price for the property and is often a requirement for mortgage lenders. The insurance reinstatement figure is crucial for adequate building insurance cover.
Does the valuation consider all identified defects?
Yes, the valuation provided in the report will take into account any significant defects or issues identified during the survey that may affect the property’s market value.
Is this survey suitable for mortgage purposes?
Indeed, the RICS Home Survey Level 2 with Valuation is frequently chosen by homebuyers seeking a mortgage, as it combines a detailed condition report with the necessary valuation for lenders.
How quickly will I receive the valuation report?
The complete report, including the valuation, is normally issued within a few working days following the on-site inspection.
