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.

Condition Rating and Definition

  • Defects which are serious and/or need to be repaired, replaced or investigated urgently.
  • Defects that need repairing or replacing but are not considered to be either serious or urgent. The property must be maintained in the normal way.
  • No repair is currently needed. The property must be maintained in the normal way.
  • Not inspected

Call us today to find out which survey is the most suitable for your requirements and budget, and don’t hesitate to contact our qualified chartered surveyors on 020 8973 2330 for more information.