What is RICS HomeBuyer Report (Level 2)?

The RICS HomeBuyer Report (Survey Level 2) is a standardised RICS survey format suited to conventional residential properties in reasonable condition built after approximately 1900. It reports condition ratings of 1 (no repair needed), 2 (defects needing attention) or 3 (urgent or serious defects) for each element, highlights significant issues affecting value, and often includes a market valuation. It is less detailed than a Level 3 Building Survey, which is recommended for older, unusual or substantially altered properties. All RICS Level 2 reports follow the RICS Home Survey Standard introduced in 2021.