Homebuyer reports were formally known as Homebuyers Survey and Valuation, after being introduced in 2009, and are classified as level 2 type of service. Level 2 type of service means that the degree of inspection and detail of report is more comprehensive than a RICS Condition Report, which is a level 1 type of service.
Homebuyer reports are prepared according to the standards and regulations laid out by RICS (Royal Institution of Chartered Surveyors). Its rating system is based on colour coding comprising of Red, Green and Amber, which highlights the urgency of matters that have great impact on the property’s value and that require evaluation or further investigation. These reports cover all the essential and major aspects of the property that a surveyor can evaluate, but they are not allowed to forcefully open the fabric of the building.
A RICS homebuyer report assists in:
The condition ratings for describing the condition of a property are as follows:
A RICS homebuyer report includes:
*To be requested at point of enquiry.
The RICS homebuyer survey is ideal for those who are willing to buy a conventional home, bungalow or flat which is built using common building material and is in moderate condition. You should consider this level type of service when you need advice and inside information regarding the construction, repairs and overall condition of the property.
If you need more information regarding HomeBuyer survey reports or want to hire a qualified and professional Chartered Surveyor, then call Riley James Surveyors today on 0161 885 2364 / 01663 721717.
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