» The RICS Homebuyer Report

This is a new product that has recently been introduced to the profession by the RICS. It is a simple report in a standard format that gives outline information about properties prior to purchase and replaces the old Homebuyer Report and Valuation.

The new style report uses the now well-known ‘traffic-light’ system to show whether various parts of the building are good, bad or indifferent, but does not contain any detailed advice as to how to put right any problems. However, it is a worthwhile, basic survey for simple houses when considering purchase.

It requires an in-depth inspection similar to other surveys, but the information provided in the report is limited. It is therefore somewhat cheaper than a full building or major structures only survey and is only suitable for certain, straightforward types of housing.

The RICS Homebuyer Report includes a market valuation and a reinstatement cost assessment (RCA) for insurance purposes.

Please telephone for advice on whether this type of report is suitable for the property you have in mind and we will guide you on which is best for you.