RICS HomeBuyer Report
The HomeBuyer Report is a mid-priced report designed by the Royal Institution of Chartered Surveyors (RICS) aimed to help the purchaser:
- make a reasoned and informed decision on whether or not to go ahead with buying the property;
- make a reasoned and informed decision on what is a reasonable price to pay for the property;
- take account of any repairs or replacements the property needs; and
- consider what other advice to take before exchanging contracts.
The Homebuyer Report is particularly suited to traditional houses, bungalows and flats that are in apparently reasonable condition and identifies what are considered to be the most important defects and issues affecting the property. Condition ratings are applied to the various elements of the building, the services, garages and permanent outbuildings to tell you whether the defects are serious or urgent.
The Report is now available as two versions: as the survey only or including the surveyor’s opinion of market value and reinstatement cost assessment for insurance purposes.