Homebuyer Reports
A Homebuyer Report is a Survey and written report using a rating format.
Designed to assist in the purchase of a residential property, prior to a legal commitment to purchase, by providing a universal document in a standard format, created and governed by the Royal Institution of Chartered Surveyors (RICS).
The Homebuyer Report is considered suitable for traditional types of property, such as residential houses, bungalows and flats, constructed using conventional mathods to be in reasonable condition (A Building Survey may be condiered more appropriate for property not fitting this general description. (Please see Building Surveys for more information.)
The Homebuyer Report also provides a Surveyor's opinion on the market value of a property at the time of survey and buildings insurance reinstatement cost (A reinstatement cost can be used for Buildings Insurance quotation purposes).
What is a Homebuyer Report?
The RICS Homebuyer Report is presented as a standard document, identifying what the Surveyor considers to be the most important issues, by applying condition ratings to elements of the building, the services and any garages or permanet outbuilding. Advice is given on whether the defects observed are serious or urgent, allowing an informed decision to be considered in the purchase of a property.
A bound copy of the report and a seperate paper copy are provided for you and your legal advisors; an electronic PDF version of the report can be emailed if requested.