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.

 

RICS Homebuyer report sytem

Traffic Light System

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.

  1. 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.
  2.  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
RICS Homebyer report traffic light system

Traffic Light System implemented

 

Defect noted during inspection foundation damaged from floods.