HomeBuyers Report
(Level 2)
A HomeBuyers Report is a survey completed to a standard format set out by RICS – it’s most suitable for conventional properties built as a dwelling within the last 150 years, which are in reasonable condition.
It doesn’t detail every aspect of the property and only focuses on urgent matters needing attention. It’s not usually suitable for properties in need of renovation or if you’re planning major alterations.
An HBR includes details of:
The general condition of the property
Any major faults in accessible parts of the building that may affect the value
Any urgent problems that need inspecting by a specialist before you sign a contract
Results of tests for damp in walls
Damage to timbers – including woodworm or rot
The condition of any damp proofing, insulation and drainage (though drains aren’t tested)
An opinion of the market value and a rebuild cost assessment of the property can be included for an additional fee. This must be discussed and agreed at the time of instruction.