The Homebuyer report (also known as the Homebuyer Survey) is a detailed inspection and report designed by the Royal Institution of Chartered Surveyors to give the buyer important information on the condition of the property in a user friendly and jargon free format. Features of the Homebuyer report, which is suitable for most properties, include:
- Comments on the general condition of the property
- Any significant defects and urgent repairs
- Any further investigation the surveyor considers necessary
- Any issues which need to be referred to the Legal Adviser
- Any specific maintenance considerations and safety issues
- Advice on whether or not the property is a reasonable purchase at the agreed price
- Highlights what decisions and action should be taken before contracts are exchanged
- Market valuation
- Buildings insurance assessment
Properties of none traditional construction such as steel frame, large concrete panel, cast insitu concrete, etc, are not suitable for Homebuyer Reports. If you require a survey on a property of this type you will need a Building Survey. Homebuyer reports are suitable for both traditionally constructed properties and modern timber frame.
