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What is a HomeBuyer Report?The RICS HomeBuyer Report, a type of property survey recommended for home buyers.There are two options: A HomeBuyer Report with survey: Includes all the features of the RICS Condition Report and advice on defects that may affect the property.•A HomeBuyer Report with survey and valuation: Includes all the features of the RICS Condition Report, plus a market valuation and insurance rebuild costs. It also includes advice on defects that may affect the value of the property.The Royal Institution of Chartered Surveyors has stated that the HomeBuyer Report provides:•A clearer layout, so your will be able to find the details you need more efficiently•a new section dedicated to the energy performance of a property, bringing the report up to date with home buying reform.•Colour-coded, condition ratings of the property are improved and clarified.•The HBR has a more professional, modern design•The HBR can only be carried out by a highly skilled member of the Royal Institution of Chartered Surveyors.Both the HomeBuyer Report and the HomeBuyers Report Survey & Valuation are considered to be the intermediate level of property survey available, as they are much richer in detail than a basic Mortgage Valuation but less comprehensive and thorough than a Full Building Survey.The HomeBuyer Report will not detail every single aspect of the building, but it does spotlight urgent matters that have a substantial effect on the value of the property and need attending to or require further investigation. It will include all major sections of a property that are visible to the surveyor, so they will not lift up floors or carpets and wiring will not be included.If you have a property that is in need of renovation or that you intend to alter, we recommend you commission the more comprehensive Building Survey from a RICS Chartered Surveyor.
How much does a survey cost?For a property worth upto £200,000, a Homebuyers report would be £450 subject to discussion. Prices of surveys vary depending on the size and value of the property, along with location. Survey Cost Valuation Report£250 - £600HomeBuyer Report£450 - £1000Building Survey£550 - £1300