Find out more about HomeBuyer Reports here
Is everyone in your office telling you not to bother with a HomeBuyer Report?
If you are still undecided look at why a HomeBuyer Report is so important and will save you money.
Why is a HomeBuyer Report necessary?
In English law the emphasis is on the purchaser to discover any property defects, you may have come across the term "caveat emptor" which means "buyer beware" so having a HomeBuyer Report is essential.
5 Reasons to have a HomeBuyer Report
1.
A HomeBuyer Report will identify urgent problems before you commit to buy the house giving you peace of mind.
2.
A HomeBuyer Report can be used to negotiate to get the right price, which will save you time and money.
3.
A HomeBuyer Report will identify property problems that you can negotiate with the vendor to complete repairs before you move into your new home.
4.
A HomeBuyer Report will help you budget for any building work that you decide to take on if you purchase the house.
5.
If the HomeBuyer Report identifies serious structural issues it will enable you to reconsider whether you wish to go ahead with the purchase or not.
Frequently Asked Questions
It is important to remember that the cost of a HomeBuyer Report is small when you consider how much money it could save you. You don’t want to move into your new home only to find costly building works are required. The cost will vary dependent upon the size of the property free phone 0800 298 5424 for a free, no obligation survey quote.
- Condition Rating 1 – no repair currently needed.
- Condition Rating 2 – defects that need repairing or replacing but are not considered to be serious or urgent.
- Condition Rating 3 – defects that are serious and/or need to be repaired, replaced or investigated urgently.
The Condition Ratings are defined by The Royal Institution of Chartered Surveyors (RICS) to evaluate and define the condition of the property on the day of the Report.
A HomeBuyer Report will give you details of the condition of the property on the day of the Report. The HomeBuyer Report will outline:-
- Details regarding a summary of the property and its location.
- Details of any urgent property issues which should then have further specialist work before you commit to purchase the property.
- Information regarding any major property problems in easily accessible areas that may affect the properties value.
- Information regarding the condition of the properties timbers and checks for woodworm.
- Checks for damp with readings taken from the walls.
- Drains are not tested but an assessment is made of drainage, damp-proofing and insulation if present.
- For insurance purposes only, an estimate of re-building costs.
It is important to remember that the cost of a HomeBuyer Report is small when you consider how much money it could save you. You don’t want to move into your new home only to find costly building works are required. The cost will vary dependent upon the size of the property free phone 0800 298 5424 for a free, no obligation survey quote.
A HomeBuyer Report will give you details of the condition of the property on the day of the Report. The HomeBuyer Report will outline:-
- Details regarding a summary of the property and its location.
- Details of any urgent property issues which should then have further specialist work before you commit to purchase the property.
- Information regarding any major property problems in easily accessible areas that may affect the properties value.
- Information regarding the condition of the properties timbers and checks for woodworm.
- Checks for damp with readings taken from the walls.
- Drains are not tested but an assessment is made of drainage, damp-proofing and insulation if present.
- For insurance purposes only, an estimate of re-building costs.
- Condition Rating 1 – no repair currently needed.
- Condition Rating 2 – defects that need repairing or replacing but are not considered to be serious or urgent.
- Condition Rating 3 – defects that are serious and/or need to be repaired, replaced or investigated urgently.
The Condition Ratings are defined by The Royal Institution of Chartered Surveyors (RICS) to evaluate and define the condition of the property on the day of the Report.