RICS HomeBuyer Reports in Watford
If you are looking to buy a property in Watford, Rumball Sedgwick are ideally located and qualified to meet all your requirements. With offices in Watford and St Albans, we can provide home buyers reports for a wide range of clients and properties in Watford and the surrounding area.
What is a RICS HomeBuyer Report?
If you are buying a property, there are two types of residential surveys: a RICS HomeBuyer Report, which is the most cost-effective, and a building survey.
The RICS HomeBuyer Report was introduced by the RICS (Royal Institute of Chartered Surveyors) as a cost-effective method of minimising risk. It provides you with enough information to help you decide whether or not to proceed with their purchase, before you commit yourself. It highlights only urgent or significant defects in a property’s condition, and the need for repairs and/or replacements that you should be aware of before exchanging contracts. It also includes a valuation.
What is included in the RICS HomeBuyer Report?
The RICS HomeBuyer Report covers the inside and outside of the building, the services, utilities and the site.
It also includes specific sections on the main elements including joinery, rooves, floors and walls.
For easy reference, your surveyor will give a condition rating for each element:-
- Condition rating 1 (green): no repair is currently needed
- Condition rating 2 (amber): defects that need repairing or replacing but are not considered serious or urgent
- Condition rating 3 (red): defects that are serious and/or need to be repaired, replaced or investigated urgently
What our service gives you
For your home buyer report, our expert Watford property surveyors will visit your intended property and provide :-
- Full inspection of the property
- Detailed report
- Estimated rebuilding costs for insurance purposes
Our surveyors in Watford are also happy to provide additional services beyond the scope of the standard home buyer report, such as a specifications for future works or repairs, which may be useful when sourcing a local builder to undertake repairs
What is the difference between a RICS HomeBuyer Report and a valuation?
For a valuation, your mortgage lender will make a brief inspection of the property to satisfy themselves that the property is worth the money they are lending you. Their report will include a few lines of general advice, but should not be seen as comprehensive.
Call our Watford office 01923 200099 to book a home buyer report or for more information.