What is a Homebuyer Report?

Homebuyer reports were formally known as Homebuyers Survey and Valuation, after being introduced in 2009, and are classified as level 2 type of service. Level 2 type of service means that the degree of inspection and detail of report is more comprehensive than a RICS Condition Report, which is a level 1 type of service.

Homebuyer reports are prepared according to the standards and regulations laid out by RICS (Royal Institution of Chartered Surveyors). Its rating system is based on colour coding comprising of Red, Green and Amber, which highlights the urgency of matters that have great impact on the property’s value and that require evaluation or further investigation. These reports cover all the essential and major aspects of the property that a surveyor can evaluate, but they are not allowed to forcefully open the fabric of the building.

A RICS homebuyer report assists in:

Condition Ratings

The condition ratings for describing the condition of a property are as follows:

What is Included in a Homebuyer Report?

A RICS homebuyer report includes:

When You Should Consider a Homebuyer Survey Report?

The RICS homebuyer survey is ideal for those who are willing to buy a conventional home, bungalow or flat which is built using common building material and is in moderate condition. You should consider this level type of service when you need advice and inside information regarding the construction, repairs and overall condition of the property.

If you need more information regarding homebuyer survey reports or want to hire a qualified and professional Chartered Surveyor, then call Riley James Surveyors today.

Do you have a question or do you simply want to know more?

Contact Us

Areas We Cover

Get Your Free Quote Now

To help us provide you with a price for the different survey options available please complete the short form below and we will contact you with a price as soon as possible.

×
 

We promise your details will not be shared with any third party.