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What is a HomeBuyers Report?

On July 11, 2016

What is a HomeBuyers Report?

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The HomeBuyers Report was introduced in 2009 to replace the Homebuyers Survey and Valuation (HSV). The Report follows a standard format as set out by the Royal Institution of Chartered Surveyors (RICS) and should be completed by a RICS Chartered Surveyor.

The HomeBuyers Report will tell you if there are any obvious major problems with the property e.g. obvious rot, subsidence, etc. It will include a valuation and an insurance reinstatement value (how much you would receive were the building to burn down). However the survey is non-intrusive: the surveyor will not look behind furniture, nor lift up floor boards or drill any holes, so any report they draw up is limited.

The purpose of the HomeBuyers Report is to highlight urgent defects that could affect the value of the property and may need further investigation. It is a visual check but it may include advice on defects that may affect the property with repairs, and provide maintenance advice.

The HomeBuyers Report is the most frequently undertaken survey and is recommended for conventional, newer homes, which are in reasonable condition.  However, if you are looking at a very old, unusual, listed, timber framed, or thatched property or intending major renovation to the property buyers are advised to have a RICS Chartered Surveyor carry out a Building Survey. This is a more extensive survey and provides a detailed report and an in-depth analysis of the condition of the property, to enable the buyer to make an informed decision on whether to proceed with purchasing the property.

If you are about to buy a new home entrust Peter Robinson & Co. to carry out your purchase quickly and efficiently with friendly qualified staff on hand to advise you every step of the way, from instruction to completion.

We will advise you on any issues that may arise and should you require a survey we have expert contacts who can arrange this service for you.

Contact Peter Robinson & Co for a no obligation quotation on 0161 678 7996

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