What is a HomeBuyer Survey?

The RICS HomeBuyer Report gives you clear ‘traffic light’ ratings showing the condition of the property, advice for your legal advisors and details of urgent defects. The report also includes a separate market valuation and insurance reinstatement costs.

The HomeBuyer Report also recommends necessary repairs and ongoing maintenance advice. It includes a detailed visual examination of the property that are available for inspection.

Who needs HomeBuyer Surveys?

A HomeBuyer Survey is ideal for more conventional residential property built within the past 100 years. It provides extensive information and is ideal if you are buying or selling a house, flat or bungalow, built from common building materials and in reasonable condition.

For properties over 100 years old, or those that have undergone a major extension/alteration, we recommend a Building Survey.

What does a RICS HomeBuyer Survey include?

Each report will normally contain the following:

  • Clear ‘traffic light’ ratings of the condition of different parts of the building, services, garage and outbuildings, showing problems that require varying degrees of attention
  • A summary of the risks to the condition of the building and other matters including guarantees, planning and building control issues for your legal advisers
  • The surveyor’s professional opinion on the market value of the property
  • A list of problems that the surveyor considers may affect the value of the property
  • A list of problems that the surveyor considers may affect the value of the property
  • Issues that need to be investigated to prevent serious damage or dangerous conditions
  • Legal issues that need to be addressed before completing your conveyancing
  • Information on location, local environment and the recorded energy efficiency (where available)
  • Before you commit to buying your dream home, make sure that you request an RICS Home Survey from a qualified RICS member.

Homebuyer reports will help you to

  1. Make an informed decision on whether to go ahead with buying the property.
  2. Decide what is a reasonable price to pay for the property.
  3. Contemplate if you need any further advice before exchanging contracts.

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