RICS HomeBuyers Report
The RICS HomeBuyers Report was devised by the RICS (Royal Institution of Chartered Surveyors) as a cost-effective method of minimising risks, by providing the buyer with enough information to help them decide whether or not to proceed with their purchase.
What is included in the RICS HomeBuyers Report?
The RICS HomeBuyers Report covers the inside and outside of the building, the services (such as utilities and rubbish collection) and the site.
It also includes specific sections on the main elements including roofs, walls, floors and joinery.
Each element is given a condition rating for easy reference:-
- 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
For your RICS HomeBuyers Report, our expert property surveyors will visit your intended property and provide :-
- Full inspection of the property
- Detailed report
- Estimated rebuilding costs for insurance purposes
We are always happy to provide additional services beyond the scope of the standard RICS HomeBuyers Report, such as a specifications for future works or repairs.
What is the difference between a RICS HomeBuyers Report and a valuation?
We are often asked to explain the difference between a RICS HomeBuyers Report and a valuation. For the latter, 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 01923 200099 to book a RICS HomeBuyers Report or for more information.