SAMUELS SURVEYORS
Homebuyer's Surveys in the Richmond, Surrey, London and Hampshire areas
The HomeBuyer Report is the most popular type of building survey and if you are purchasing a more modern property of traditional construction and in reasonable condition, then this report will provide everything you need.
Both the Homebuyer Report (introduced in 2016) and the Homebuyers Report Survey & Valuation (amended version 2009) are considered to be the intermediate level of property survey available, as they are much richer in detail than a basic Mortgage Valuation and condition report but less comprehensive and thorough than a Full Building Survey.
The Homebuyer Report will not detail every single aspect of the building, but it does spotlight urgent matters that have a substantial effect on the value of the property and need attending to or further investigation. It will include all major sections of a property that are visible to the surveyor, so they will not lift up floors or carpets and wiring will not be included.
What do I get in a Homebuyer's Report?
The report will include advice on:
- A current valuation of the property as for the open market (optional as of Autumn 2016).
- Background information on the property and location.
- An estimate for the cost of re-building the property for insurance purpose.
- An assessment of any damp-proofing, drainage or insulation in the building. Drains are not tested.
- Condition of the building’s timbers and checking woodworm or rot.
- Damp test results taken from the walls.
- Details of urgent problems which should receive specialist attention before signing a contract.
- Details of major faults in easy to get to parts of the property that may affect its value.
Although a summary of the survey will be present at the front of the report and a reminder of the urgent repairs will be at the end, it is always worth reading the report in full.
The Report has 3 condition ratings to evaluate and describe the condition of the property and how urgently it needs repairing. A Home Buyer report is well suited for newer properties which are in a fairly good condition.