A homebuyers report is a detailed assessment of a property's condition that a qualified surveyor carries out, usually suitable for conventional properties in reasonable condition. It is designed to identify any potential issues or defects needing attention before purchasing the property. The report will also provide recommendations on any necessary repairs or maintenance work that needs to be carried out.
The Royal Institute of Chartered Surveys (RICS) now call the Home Buyers Report the Home Survey (Level 2).
What is checked on a homebuyer's survey?
A homebuyer's report typically includes thoroughly inspecting the property's interior and exterior. Some examples of the different areas inspected for a Level 2 Home Survey are:
Inspection Chambers & Underground Drainage
The purpose is to locate any potential issues, such as:
Structural condition: The surveyor will examine the property's structural condition, including the roof, walls, floors, and foundations.
Damp and rot: The surveyor will look for any signs of dampness or rot, such as water damage, mould, or woodworm.
Electrical and plumbing: The surveyor will check the property's electrical and plumbing systems to ensure they are safe and up to code.
Heating and ventilation: The surveyor will assess the property's heating and ventilation systems, including the boiler, radiators, and ventilation fans.
Safety and security: The surveyor will examine the property's safety and security features, such as smoke detectors, fire doors, and locks.
Why is a HomeBuyers Report Important?
A homebuyers report is important because it can help you make an informed decision about purchasing a property. If the report identifies any significant issues or defects, you may be able to negotiate a lower purchase price or request that the necessary repairs are carried out before you complete the purchase.
In addition, the report can provide peace of mind, knowing that you clearly understand the condition of the property you're purchasing. This can help you avoid any unexpected expenses or problems down the line.
Download a Sample Report
Click the image to download a free sample report directly from RICS.