The average cost of a level 2 building survey is between £500 – £600 for a property valued between £150,000 – £250,000. Factors including the location and the value of property can affect the cost.
When buying a new property, a building survey helps assess the potential risks, visible flaws, and possible legal issues it may bring. The RICS level 2 building survey or Homebuyer Survey is more detailed than a level 1 survey and the most popular choice among buyers. It is highly recommended for standard buildings in reasonable condition.
Aside from the Royal Institution of Chartered Surveyors (RICS), the Residential Property Surveyors Association (RPSA) also conducts Home Condition Surveys similar to the Homebuyer Survey. If you want more options, ask friends or family, estate agents, or solicitors.
Factors affecting the cost Building survey
- Location of property
- Value of property
Location of property
Surveyors may charge more in some parts of the UK due to high demand. Expect to pay more if your property is located in a well-known city. As a result, rural properties may be less expensive.
Value of property
The cost of a level 2 building survey is heavily influenced by the value of your property. Surveyors will charge more for expensive properties because they will have to pay more for insurance to cover potential mistakes in their surveys. The greater the value, the greater the overall cost.
Cost of a level 2 building survey in the UK
| Value of Property | Avg. Cost |
|---|---|
| £150,000 – £250,000 | £500-£600 |
| £250,000 – £350,000 | £600-£700 |
| £350,000 – £450,000 | £700-£800 |
| £450,000 – £500,000+ | £800-£900+ |
A level 2 building survey covers everything that a level 1 does, but in greater depth. It will assess the relative significance of any flaws or problems and include suggestions for repairs or ongoing maintenance issues. For most properties in reasonable condition, a Homebuyer Survey or level 2 building survey is the standard option that cost you between £500 – £600. You can also opt to go for a full building survey or in other words Level 3.