RICS HomeBuyer Report
The RICS HomeBuyer Report is a property condition survey and valuation report for buyers introduced, licensed and regulated by the Royal Institution of Chartered Surveyors.
The HomeBuyer Report provides potential buyers with a report on the condition of the property that they're considering purchasing. It includes a valuation and an evaluation of the building and its condition, enabling them to make up their minds as to whether or not to make an offer on the property and to take an informed decision about its real value and the cost of any work that may need to be done. A HomeBuyer Report inspection provides:-
- A report which focuses purely on the condition of the property with clear traffic light ratings.
- Provides a summary of the risks to the condition of the building.
- Notes matters for your legal advisers.
- The market value of the property.
- An insurance reistatement figure for the property.
- A list of problems that the surveyor considers may affect the value of the property.
- General advice on repairs and ongoing maintenance.
The Chartered Surveyor will inspect as much of the property as possible, although they won't check any area of the building that is covered, unexposed or hazardous in accordance with standard inspection procedure. Following inspection a detailed inspection report will be drawn up and sent out to the client as soon as payment has been received.
If you require any further information about the RICS HomeBuyers Report, please do contact us.