What is in this article?
- What is a HomeBuyer Report?
- Why do I need a HomeBuyer Report?
- When would I need more than a HomeBuyer Report?
- What is included in a HomeBuyer Report?
- What are the HomeBuyer Condition Ratings?
- The RICS's advice on the importance of getting a home survey
- Where do Allied Surveyors carry out HomeBuyer Reports?
- How do I get a HomeBuyer Report?
The HomeBuyer Report is designed to provide an in-depth report into the condition of a property and provides professional advice that allow you to make an informed decision on if a property is worth buying.
The HomeBuyer Report is the most frequently undertaken survey and is designed to be a cost effective report for most conventional properties built in the past 100 years, which are considered to be in reasonable condition and is completed within a standard format as laid down by the Royal Institution of Chartered Surveyors (RICS).
All of our HomeBuyer Survey's are conducted by experienced Chartered Surveyors who are regulated by the RICS, so you can be assured you are getting the best independent expert advice.
If you are considering purchasing a property that has been significantly expanded or altered, is large or in poor condition or of non-traditional construction, a Building Survey may be or appropriate for your needs.
A HomeBuyer Report may feel like just another unnecessary expense, but it can be an invaluable tool to help you understand a property.
Some of the benefits are:
- It can give you the peace of mind that any problems have been identified before you buy a property.
- It can give you the necessary information for negotiating a reduction in the price of the property.
- It can help you budget for any repairs that need to be carried out.
- It can help you agree with the house seller any repairs that need to be completed before you buy the property.
- It can identify any problems that may indicate that you should rethink the purchase of the property.
While a HomeBuyer report offers everything you will need for a conventional property, there are properties that need a more detailed survey.
For the following types of property we would recommend a Building Survey:
- Listed Buildings – Building that are on the Statutory List of Buildings of Special Architectural or Historic Interest.
- Older Properties – Properties over 100 years old.
- Unusual – Buildings constructed in an unusual way, regardless of age.
- Renovation – Any buildings that you are intend to renovate or change.
- Altered – Buildings that have already been renovated or significantly altered.
- Concern – When additional attention is required because of concerns over certain areas of the property.
If you are unsure about which Survey you should have carried out read our guide to:
Allied Surveyors carry out HomeBuyer Reports nationwide.
Our office specialises in the greater West Midlands area including; Birmingham, Coventry, Staffordshire and Redditch. We also cover Shropshire, Central Wales and the Welsh Border.
- Find out more about The areas we cover.
The HomeBuyer Report includes details of:
- A current valuation of the property
- An estimate for the cost of re-building the property for insurance purpose.
- Background information on the property and location.
- An assessment of any damp-proofing, drainage or insulation in the building. (Drains are visually inspected but not tested).
- An assessment of the condition of the building’s timbers and checking for woodworm or rot.
- Results of damp test taken from the properties walls.
- Details of urgent problems which should receive specialist attention before signing a contract, e.g. subsidence.
- Includes detailed advice on necessary repairs to the property and an assessment of the ongoing maintenance.
- Details of major faults in easy to get to parts of the property that may affect its value.
- Details of any legal issues that may need to be addressed before the completion of your conveyancing.
The RICS has 3 condition ratings, these evaluate and describe the condition of each part of a property and show how seriously repairs are need.
The conditions are defined by RICS as:
- Condition Rating 1 – No repair currently needed.
- Condition Rating 2 – Defects that need repairing or replacing but are not considered to be serious or urgent.
- Condition Rating 3 – Defects that are serious and/or need to be repaired, replaced or investigated urgently.
- Youtube - The importance of getting a home survey