There are two types of Homebuyer Report.
- In our view the best report is the ISVA version (Independent Surveyors and Valuers Association), which includes a full list of all photographs.
- The RICS HomeBuyer Report – this report provides condition ratings and is, as noted above in our opinion, generally less detailed than the ISVA Home Survey Report. Again, we do provide copies of all photographs with this.
This report is based on a format drawn up by the Royal Institution of Chartered Surveyors It gives the prospective purchaser information on:-
- The general condition of the property.
- Any significant factors likely to affect materially the value of the property.
- The value of the property in the open market.
- The value for insurance purposes.
The information is provided in a simple and straightforward layout, easy to read and understand. It is based on a visual inspection of as much of the interior and exterior of the building as is accessible with safety and without undue difficulty, including roof voids, flat roofs accessible with a 3m (10ft) ladder, outbuildings, site boundaries, etc., and an overall impression of the services will be given. This type of report is suitable for most twentieth-century property, but structures which are unusual by virtue of design or construction, and particularly large properties may require a more detailed report and may not easily fall within the format. Your Surveyor will advise you during the preliminary discussion. The cost of the report will depend on the size and type of the property, its location and value. It is often not much more expensive than the basic mortgage valuation report and is far more wide-ranging and gives the buyer the information needed to make a more considered decision on the purchase.