RICS Homebuyers Survey

A RICS Survey is quite simply an economy report for properties such as purpose built and converted flats, houses, bungalows and maisonettes, and will confirm any urgent or significant defect with a valuation using a traffic-light system.
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What is a Homebuyers Survey?

A RICS Survey is quite simply an economy report for properties such as purpose built and converted flats, houses, bungalows and maisonettes, and will confirm any urgent or significant defect with a valuation using a traffic-light system.

RICS also produce a standardised Homebuyers Report which is ideal when you wish to discover the physical condition of the property you’re about to purchase. This report will highlight any major problems there may be with the property with the added benefits of not costing quite as much as a full building survey.

The report will also give you good indication of what you should look out for in the future. A homebuyers report is also far more detailed than a basic mortgage valuation. The lender’s valuation is not a report on condition and is prepared for the benefit of the lender. It is unwise to rely on a valuation and we always advise buyers to obtain their own independent advice as it’s often beneficial in the long run.

What is in a Homebuyers Survey Report?

The report will provide details on;

  • Any potentially major problems with the structure of the building
  • The general condition of easily accessible parts of the building
  • Any suspected specialist problems such as damp or timber infestation
  • An overall insight of the water supply and drainage systems at the property
  • It is a licenced product from the RICS and is independent of any lender
  • It comes in a pre-set format and it includes a valuation
  • It identifies defects and gives condition ratings
  • It allows you to make an informed decision
  • It can be used to re-negotiate the purchase price

Is this the right choice for me?

A homebuyers report is the ideal choice when buying a property that is either a newish build, isn’t particularly run down or old or in reasonable condition.

If you are still unsure about which is best for you, whether it be a homebuyers report or building survey, get in touch to discuss your requirements either by calling 0203 355 5045 or using the contact button below.

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Frequently Asked Questions

  • Choosing a RICS surveyor for your purchase property can provide you with the reassurance that their impartial and transparent expertise will provide you with a clear assessment of the property's condition.

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FREE Pre-Purchase Property Advice

I can provide you with FREE advice prior to making an offer and even prior to viewing a property. Many clients find this to be an invaluable service that can assist them from the beginning. This can help you now in making sure that you do not overpay for your property at the start.

Additionally if you have a surveyor on board prior to making an offer, this shows the sellers and the agents that you are a serious buyer and your offers will be taken more seriously.

Save time and money now with a free consultation and be given the opportunity to negotiate now to protect your self against, unwanted shocks and surprises.

I look forward to hearing from you.

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