The very fact that you’re reading this post suggests that you already realise what a huge difference having a survey can make to the cost of buying a house.

Even when a property seems to be in a good condition, it can be hiding any number of structural defects, safety hazards and potential problems – all of which could be an unpleasant (and expensive) surprise once you had moved in.

Instead, by spending just a few hundred pounds for a professional surveyor to inspect the property before you buy it, you give yourself the opportunity to negotiate any repair costs off of the asking price or walk away from the sale altogether if it’s too much.

We’ve previously provided you with an overview of each type of RICS survey and even gone into detail about how to tell when a Building Survey is most appropriate. In this post, we will be looking at the benefits and drawbacks of the UK’s most popular survey; the RICS HomeBuyer Report.

If you’re trying to decide if the HomeBuyer Report is right for your home, here are the key things to consider.

The pros of a HomeBuyer Report:

– HomeBuyer Reports offer a good level of detail about defects and potential issues within a conventional home.
– The format of the report is suitable for the majority of UK properties.
– It’s written in a very easy-to-follow way, with traffic light colour-coding to help you identify the most urgent issues.
– Much cheaper than a comprehensive Building Survey.
– The survey usually takes only an hour or two to complete and the results can be turned around within a matter of days.
– The report contains enough information for you to understand the extent of a problem, allowing you to decide whether further investigation is required or if you need to renegotiate the asking price with the vendor.

Reasons why a HomeBuyer Report might not be for you:

New-build homes should be relatively defect-free, meaning that there may simply not be enough for a HomeBuyer Report to comment on for it to be of good value.
– If you’re buying a property that is very old, large or built using unusual materials, a HomeBuyer Report will not be comprehensive enough to provide sufficient detail. These kinds of properties require a Building Survey.
– Like all RICS reports, the HomeBuyer Report is non-invasive. If you are expecting your surveyor to take samples of mould, wood, soil or any other aspect of the property, this is not the one for you.
– Where damage or defects are already evident, such as damp or timber decay, a Building Survey will offer a greater level of insight into how to actually deal with these issues.
– Only accessible areas are investigated, meaning that areas between flooring and drainage systems will not be covered by a HomeBuyer Report.
– It’s not suitable if you are planning a renovation, or if the property has undergone multiple alterations over several decades.

If you would like any assistance in choosing the best property survey for your new home or have any questions about our other services, send us a message or give our team a call on 0845 8622275.