Our Survey Department based in our Oswestry and Aberystwyth offices, where our two RICS Surveyors are based, has experienced a strong uptake in their services throughout the past year. Predominately we have found that prospective buyers are now more inclined to instruct an independent surveyor to inspect the property on which they have made an offer subject to contract, rather than relying on a mortgage valuation or no advice if they are paying cash.
Over the past year, the Home Survey - Level 2 has witnessed a notable surge in adoption across the country. This comprehensive survey, designed to provide a detailed assessment of residential properties, has gained popularity among homeowners and prospective buyers alike. The Level 2 survey offers a thorough inspection of both the interior and exterior of a property, highlighting structural issues, potential hazards, and necessary repairs. Its detailed findings contribute significantly to informed decision-making in the purchase of a new home.
The increased uptake of the Level 2 Home Survey can be attributed to its ability to offer a more nuanced evaluation compared to basic property assessments. Potential buyers appreciate the transparency and depth of information provided together with the comprehensive nature of the survey instrumental in negotiating property transactions. Additionally, the surge in remote work and online property searches during the pandemic may have played a role, with individuals placing greater emphasis on thorough assessments to mitigate risks associated with property purchases. Overall, the growing popularity of the Home Survey - Level 2 signals a shift towards more informed and cautious approaches in the UK residential property market.
It is obviously hoped that this trend will continue in the same direction into 2024, and we expect a continued demand for our surveyors to provide independent professional advice on property condition and value.
If you require further information or are looking to book a survey, please contact your local MMP branch where your call will be directed to the appropriate individual.
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