Home Buyer's Report Survey
What is a homebuyer's report?
This survey is much more detailed than the basic valuation, and is for your benefit rather than the mortgage lender's. A large majority of people opt for a homebuyer's report when buying a new home, and it is definitely worth it to be sure that your new home is in good condition. It allows you to evaluate whether you want to continue with the purchase at the present price, and to consider any urgent problems with the property. The homebuyer's report is recommended for houses that are under 50-75 years old, conventionally constructed, and in generally sound condition.
While less comprehensive than a full structural survey, a homebuyer's report gives a good indication of the state of the property and its level of repair and maintenance. The surveyor reports on all visible parts of the property, such as the condition of the roof, pointing out particularly any areas that will need work straight away or at a later date. Further specialist surveys will be recommended if required. Any issues to be discussed with your solicitor, such as parking spaces or rights of way, should be noted in the report. An estimation of the value of the property is also included. The contract will specify exactly what will be examined, so do check this carefully.
A homebuyer's report inspection should be carried out no more than five days after you instructed it, and some surveyors will do it even faster. The inspection itself takes between one and two hours to complete, and you should receive the results three to five days later. The report comes on a standard report sheet and is normally between about 8 and 20 pages long. The homebuyer's report costs from about £250 to £600, depending on the price of the house.
Blanchard Consultancy is able to conduct a home buyer's report survey on a prospective property.
Member of the Royal Institute of Chartered Surveyors
List of services
Residential Property Services
- Boundary Disputes
- Home Buyer's Reports
- Home Inspection Packs
- Home Seller Packs
- Party Wall Awards
- Building Surveys
- Condition Reports
- Flat Survey and Valuation Reports
- House Renovation
- Property Conversion
- Extensions
- Alterations
- Design
- Contract Management
- Project Management
Building Surveying & Professional Services
- acquisition & building surveys
- defect analysis
- technical reports
- costs advice & budgeting
- reinstatement costs
- building maintenance
- planned & preventative maintenance
- due diligence
- schedules of condition
- schedules of dilapidation
- dilapidation advice
- lease advice
- alteration licences
- third party representation
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- asbestos advice
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- specification & tender requirements
- party wall advice
- measured surveys
- insurance claim reinstatement management
Architectural Services & Contract Administration
- refurbishment
- alterations and improvements
- repairs and maintenance
- new build
- internal fit-out
- conversions and extensions
- space planning & audits
- tendering and specification
- contract advice
- turnkey services
- planning supervision
Project Management & Development Monitoring
- project management
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- strategic project consultancy
- development advice
- contract administration
- fund monitoring
- tenant monitoring
- employers agent
- cost & procurement advice
- project planning & programming