Providing Accurate Property Information
The RICS Home Buyer Report is the most popular type of survey that prospective property buyers have done in the UK. It is more detailed than the Condition Report but less so than a Building Survey, making it useful for the vast majority of properties. The information in the document is useful because it helps to protect people looking to purchase a property, ensuring there are no hidden gremlins in the structure that they need to worry about.
Each home buyer report will feature a market valuation based on the condition of the property and the current state of the marketplace. This is an unbiased figure using the evidence that is available to the surveyor at the time the document is written. The valuation helps to prevent people from paying over the odds and reduces the risk of sellers taking advantage.
All the details used to determine the valuation will be included in the report for buyers to peruse. Defects that affect the value will be listed in terms of the degree of urgency, i.e. how urgently they need to be repaired, with estimates for the repair costs included. For each defect that doesn’t require repairing immediate advice about maintenance will be offered to prevent the condition from worsening and becoming even more expensive to fix.
The information in the report may be used to reopen negotiations if you are still interested in making the purchase after finding out more about the condition of the property. It also means you won’t get caught out and find yourself buying a home only to find the repair and maintenance costs are much higher than you have anticipated. From a protection point of view it is essential to have the property surveyed before you buy.
If you need a home buyer report in Reading, Maidenhead or Slough, you can call on our team of locally based specialists to carry out the job. Our experienced surveyors will inspect properties closely, examining all visible parts for signs of problems. Reports are generally available quickly and are always in RICS format so the information is well presented and easy to make sense of. We follow their best practice guidelines too in order to ensure we deliver the highest standards of service.
