RICS Homebuyer Report
Clients want an independent appraisal of the property they are purchasing from a locally based Chartered Surveyor with proven expertise.
The RICS Homebuyer Report is a very popular product. It is aimed at properties that are reasonably modern in appearance and which are also thought to be in a reasonable order internally and externally. It is designed to provide a purchaser with an independent and thorough overview of a property concentrating on significant matters that may affect value and to enable them to make an informed decision whether to proceed or not.
It provides feedback to a client on a traffic light system where significant or urgent matters are flagged red and where non significant matters or no significant concerns are flagged green.
A surveyor undertaking a RICS Homebuyer Report should have the same knowledge of defects / condition as those taking building surveys. Some client contact is to be expected but not as detailed as with a building survey. It contains a valuation and fire insurance reinstatement figure.
Currently there are two types of RICS Homebuyer Reports availible.
- RICS Homebuyer Report (Survey): A report which includes all the feature of the RICS Condition Reports. It also includes advice on defects that may affect the property with repairs, and ongoing maintenance advice.
- RICS HomeBuyer Report (survey & 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 with repairs, and ongoing maintenance advice