RICS HomeBuyer Report.
When should I choose a RICS HomeBuyer report?
You should choose a RICS (Royal Institution of Chartered Surveyors) HomeBuyer Report if you would like more extensive information when buying a conventional house, flat or bungalow, which is built from common building materials and is in reasonable condition, and you would like information and advice on construction, condition and repairs.
What does it include?
This survey will cost more than some other types of survey, such as a RICS Condition Report, but it will give you more detail on the state and condition of the property, which you’ll find of great value when assessing if it’s the right property for you. The Report includes:
- An extensive inspection of the property by a RICS surveyor
- An insurance reinstatement figure for the property
- A list of problems that the surveyor considers may affect the value of the property
- Advice on repairs and ongoing maintenance
- Issues that need to be investigated to prevent serious damage or dangerous conditions
- Legal issues that should be addressed by your conveyancer
- Information on location, local environment and the recorded energy efficiency (where available).
The report is in a standard format and uses a clear ‘traffic light’ ratings system:
|Condition rating 3||Defects that are serious and/or need to be repaired, replaced or investigated urgently.|
|Condition rating 2||Defects that need repairing or replacing but are not considered to be either serious or urgent. The property must be maintained in the normal way.|
|Condition rating 1||No repair is currently needed. The property must be maintained in the normal way.|