What should you look for in a HomeBuyer report?

Being a first-time buyer can sometimes be a daunting experience as you furiously gather together reams of paperwork before handing over your hard-earned cash.

One of the documents that you’ll likely pore over prior to being given the keys is the HomeBuyer Report, which is essentially a survey detailing the state of the property you are preparing to buy.

The report is designed to give you an accurate account of the property’s condition and will highlight any problems that need rectifying before the purchase is complete.

At Readings, one of the key elements of our service is the surveyor speaking directly to the buyer to discuss the property and any issues that need to be dealt with. This enables us to ensure that the buyer really understands the implications of certain building defects, and how they might be repaired. Defects that might seem relatively trivial to a confident DIY expert, but it might be of far greater concern to a buyer who needs to pay tradesmen to deal with it all, so understanding our clients attitude to having to carry out repairs is also important.

The opportunity to talk directly to the surveyor that inspected the property is not something that every surveying firm offers. We find our clients value this element of our service very highly, sometimes telling us it was even more useful than the report itself.

“Our approach is not just to supply a survey report, but make sure that by the time the buyer is ready to commit to buying the property they have a very clear understanding of what they are taking on board and how they are planning to deal with it. If the worst comes to the worst and you decide the property is not for you we’ll give you a 10% discount on your next survey once you have found another property.

At the end of the day it’s about making sure you’ve found the right property for your requirements and not regretting buying the wrong house a few weeks after moving in.” – Peter Woodthorpe

The Different Types of Home Surveys

There are three levels of home surveys that can be carried out by one of our RICS Chartered Surveyors, depending on the condition and age of your property. Here’s a quick summary:

  • Level 1 – RICS Home Condition Report (HCR) – uses a traffic light system to assess the condition of the property, risks, legal issues and any urgent defects. Perfect for new builds and more modern properties that are in obvious good condition.
  • Level 2 – RICS Home Buyer Report (HBR) – this is for more conventional properties which are in a reasonable condition. It offers more detailed information, including the kind given in the HCR, as well as the option for a market valuation, advice on defects which may affect the value and insurance rebuild costs.
  • Level 3 – RICS Building Survey – perfect for larger or older properties, or ones where major building work might be in the offing. This is the most comprehensive and most expensive home survey available.

We offer home buyers reports for £390 (incl VAT) for properties worth up to £150,000, perfect for the first-time buyers. If your property is worth more than £150,000 and you’d like us to conduct a homebuyer report, give us a call on 0116 222 7575.