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RICS homebuyer reports and condition reports

The homebuyer report is a standard format designed by the RICS as an economic, mid-range survey, intended to indicate where defects may exist and suggest where further investigation is to be recommended prior to purchase. It is intended only for particular types of property:

  • Post-1900 houses, bungalows and flats

  • Conventional construction.

  • Any condition

  • It is a concise report covering the building inside and out

  • It is laid out on a traffic-light colour code basis, listing condition ratings as good, non-urgent, urgent repairs necessary and further investigation recommended.

  • It is a purely visual inspection - services are inspected but not tested

  • It includes an open market valuation and it includes an open market valuation and advice on the cost of reinstating buildings insurance

  • Whilst solutions to defects are not detailed, the surveyor will give helpful and constructive advice.

Features of a homebuyer report:

The main objective of the HBR is to assist the client to make a reasoned and informed judgement on whether to proceed with the purchase at the agreed price.

 

A condition report is similar to a homebuyer report but in a simplified format, indicating current condition and highlighting visible or suspected defects.  It does not include open market valuation, building insurance reinstatement costs or detailed advice on defect remedies and if these are required a Homebuyer survey should be requested.

 

Over the past 40 years, Jonathan Price Property Services has delivered excellent property services including property surveys and energy utilisation assessments. You can rely on us to provide accurate surveys and practical recommendations for you. Get in touch with us today.

Reliable condition reports for your property

If you  need a thorough homebuyer report for your domestic establishment in Brecon, Herefordshire, South and Mid Wales; get in touch with Jonathan Price Property Services.

For an accurate property condition report in the Brecon area, call

01874 625 442