Our HomeBuyer Survey Report is a mid-range (Level 2) property inspection endorsed by the Royal Institution of Chartered Surveyors (RICS). It is suitable for most types of modern houses, bungalows and flats that are of standard construction and appear to be in a reasonable condition.
The main purpose of this type of property investigation is to provide you with all the information you need to decide how to proceed with your property purchase, once all defects and risks have been identified. Our independent Chartered Surveyors add real value to your decision making, helping to protect your investment.
What does the RICS HomeBuyer Report include?
Our Chartered Surveyors inspect your property to help you identify any significant problems, such as subsidence, damp, lintel failures, movement cracks as well as many other unwelcome hidden issues both internally and externally.
The HomeBuyer Report format has a clear, standardised structure and is designed to be user-friendly and easy for homebuyers to understand. It uses the following RICS traffic light condition ratings to identify building defects and their severity for each element of the property:
Condition rating 3: Defects that are serious and / or in need of urgent repair, replacement or further investigation
Condition rating 2: Defects that need repairing or replacing but are not considered to be serious or urgent.
Condition rating 1: No repair is currently needed.
The survey findings will highlight any major building defects found and their impact on the property value. The report will clearly spell out whether remedial action should be taken before contracts are exchanged.
Foundation Surveyors offer three distinct RICS HomeBuyer Survey options: Standard, Plus and Complete. Click here to take a look at the available options or compare the table below.
Depending on your chosen option, the report can include robust figures for an accurate market valuation and an independent insurance rebuild cost valuation. Drone technology may also be used for a close-up inspection of hard-to-reach areas.
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Many homebuyers choose to rely on their mortgage valuation report, and often to their detriment. The mortgage valuation is not a survey, it is a property risk assessment commissioned by the lender for their benefit only. In order to conduct your own due diligence on the property you are about to invest in, it is highly recommended that you commission an independent survey by a Chartered Surveyor to identify any building defects.
It is important to choose the right level of survey for your needs, and our team are happy to advise on the most appropriate choice. HomeBuyer Reports are suitable for conventional modern flats or houses that seem to be in generally good condition but may not entirely meet building regulations. They can also be used to identify the presence of any structural problems such a damp and subsidence. Older homes or unusual properties will require a more detailed Building Survey, while a Condition Report should be sufficient to assess new or nearly-new builds.
A HomeBuyer Report is a mid-range (Level 2) survey while a Building Survey is an in-depth (Level 3) investigation formerly known as a full structural survey. The former is perfectly adequate for the majority of conventional modern homes that are in a reasonable state of repair. However, if you are considering the purchase of a period property, a listed building, a non-standard construction, a very large house or one that has undergone (or requires) substantial renovation, only a full Building Survey will have sufficient scope to deal with all the complexities.
If the HomeBuyer Report identifies serious property defects, these findings will be highlighted in amber or red. We often advise that they be investigate further by specialist surveyors or contractors. You can use our independent professional insights to revisit the purchase price with the seller, reducing the amount to cover the cost of fixing the problem. It is best to back up your new offer with cost estimates from independent contractors. Of course, you may also decide not to proceed at all and walk away from the purchase.