A property that’s only a few years old might seem like a safe bet – modern finishes, fresh interiors, and the assumption that any major issues would have already been dealt with. But when you’re buying a home that’s over two years old, even if it’s a recent build, it’s no longer covered by the builder’s initial defect liability period. That’s when a RICS Level 2 HomeBuyer Survey becomes a smart move.
Here’s why having a survey done on your property can save you time, money, and hassle.
How Old Does A Building Need To Be?
Even homes built in the last five to ten years can suffer from defects. During the first ownership, initial snagging inspections may have picked up minor issues, but not everything gets caught, and wear and tear, poor workmanship, or even missed structural problems can begin to show over time.
Once the home passes that two-year mark, responsibility for repairs shifts away from the developer and onto the current owner – or the buyer. When choosing a property survey in London, a Level 2 HomeBuyer Report helps you identify any visible issues before you commit to the purchase.
What Does a Level 2 Survey Include?
A RICS Level 2 Survey is designed for properties in generally good condition, like newer builds that haven’t undergone major alterations. It covers visible and accessible parts of the home and flags potential concerns that could affect your investment. Common checks include:
- Damp: Detection of rising damp, condensation, or leaks that could lead to mould or structural damage.
- Wood Rot and Pests: Signs of timber decay or infestations that may affect floorboards, roof timbers, or frames.
- Cracks and Subsidence: Surface cracks may be harmless—or a red flag for movement. The surveyor assesses whether they indicate a deeper issue.
- Roof and Loft Space: Visible inspection of tiles, insulation, and ventilation where accessible.
- Drainage: Check of external drains and manhole covers for signs of blockage or poor installation.
- Japanese Knotweed: This invasive plant is often found in newer developments and can impact foundations and resale value.
The survey gives you a clear, unbiased overview of the property’s condition so you’re not blindsided after moving in.
What It Doesn’t Cover
A Level 2 survey is non-intrusive. That means:
- No lifting floorboards or drilling into walls
- No plumbing or electrical testing
- No detailed energy efficiency assessments
- No legal or boundary checks
If the property is significantly altered or you’re planning major renovations, a RICS Level 3 Building Survey may be more appropriate.
Don’t Let Modern Look Fool You
Just because a home looks modern doesn’t mean it’s free from risk. Issues like poorly installed insulation, sub-par drainage systems, or signs of structural movement can emerge just a few years after construction. If the property was originally part of a larger development, it may also be affected by ongoing or nearby works.
Protect Your Purchase with a Professional Survey
Buying a nearly-new home doesn’t mean skipping due diligence. A HomeBuyer Report provides the reassurance of a professional assessment, helping you:
- Avoid nasty surprises after completion
- Renegotiate the price if problems are found
- Plan for future maintenance or repairs
For any home more than two years old – even one that still feels brand-new – investing in a survey is a smart, proactive step.
