Designed by the RICS as a cost effective method of minimising risk the Homebuyer Report is designed to provide buyers with enough information to make a reasoned and informed decision on whether to proceed with their purchase.
The report covers the building inside and outside, the services and the site and includes specific sections on all the main elements including roofs, walls, floors and joinery. Each element is given a condition rating for easy reference:
Property related risks including movement, dampness and timber defects are also given their own section.
There is a very useful section towards the end of the report called ‘Issues for your legal advisors’ where all matters that require further investigation by your solicitor or conveyancer are summarised. The current owner has a duty to be honest when competing the property questionnaire but statements that could be confirmed by independent verification should not be relied upon.
Potential legal queries that might be highlighted in a Homebuyer Report include any ambiguity over the physical boundaries, ownership of outside space and rights of access, off-street parking, documentation relating to extensions (both to the subject property and adjoining properties) and alterations, guarantees/warranties and proposed work to areas that could not be inspected such as high level roofs.
We are always happy to provide additional services beyond the scope of the standard package, such as a specification for future works, which may be useful when sourcing a builder to undertake repairs.
You can get an idea of how useful our clients have found our survey reports to be by viewing some of their comments on our Trust Pilot reviews page.
If you are in the process of buying a property and would like to arrange an RICS Homebuyer Report please contact us today for a quote.
To help you decide which type of report best suits your needs you can browse through these case studies.
The purpose of this post is not to explain the Act but rather to examine how the Act can influence the design of some aspects of the work. To illustrate the point let’s consider a single storey rear extension to a mid-terraced property where the properties to either side have not yet been extended.There are 3 options ... Read More >>
If we were to simplify buildings down to their very core elements it could be said that they contain only 3 different parts; walls, floors and roofs. Again, I stress this is a very simplified outlook but a lot of the time it's these three elements that are often overlooked in design schemes as they are deemed ‘too boring’ ... Read More >>
We are often asked ‘What are Building Regulations, why do I need them, does my project need Building Regulations approval?’ In most cases the answer is "yes", in almost all residential development work, even if you believe it to be minor works you will need some form of Building Regulations approval.What Are Building ... Read More >>