If you’re purchasing a property, you will most likely want the peace of mind that it is a sound purchase and investment free from defect and issue.
An RICS HomeBuyer Report ensures that you’re fully aware pre-purchase of all of the defects and issues that exist within the property.
The report ensures that an RICS Qualified Surveyor inspects all facets of the property and then compiles his findings in a comprehensive and thorough report designed by the RICS in a traffic light format for ease of following and reading.
What Does a Surveyor do during an RICS HomeBuyer Report?
The Surveyor’s role will be to comprehensively inspect all parts of the property both externally and internally.
Their aim will be to identify every defect that exists to the property and then determine the cause, thereby presenting the client with objective advice on how to rectify the issue.
The outcome of the Surveyor’s inspection will be a robust report setting out all of his or her observations and ultimately fully informing the property purchaser in advance of the exchange of contracts or completion.
RICS HomeBuyer Report Surveying Costs
Here at Stokemont, we believe that RICS HomeBuyer Report Surveying costs should be transparent and clear. As a guide our prices are as below, in order to obtain a fixed cost, please get in touch with our Surveying team who will be happy to advise.
RICS HomeBuyer Reports for Flats (Level 2 Survey)
|Up to £500,000:||£750 + VAT|
|£500,000-£750,000:||£800 + VAT|
|£750,000-£1,000,000:||£850 + VAT|
|£1,000,000-£2,000,000:||£900 + VAT|
|£2,000,000 or more:||£950 + VAT|
RICS HomeBuyer Reports for Houses (Level 2 Survey)
|Up to £500,000:||£800 + VAT|
|£500,000-£750,000:||£850 + VAT|
|£750,000-£1,000,000:||£900 + VAT|
|£1,000,000-£2,000,000:||£950 + VAT|
|£2,000,000 or more:||£1000 + VAT|
Typical RICS HomeBuyer Report Surveying Questions
Will the Surveyor inspect both inside and outside of the property?
Yes, the Surveyor’s role will be to determine all issues and defects associated with the property.
This will mean that they need to access and inspect both the internal and external parts of it.
What should I do if the Report identifies defect?
We would advise in speaking with the Surveyor who prepared the RICS HomeBuyer Report to discuss his or recommendations.
If the defects are low risk and easy to rectify. At this stage, we would advise going back to the seller alerting them to the Surveyor’s findings, and ultimately renegotiating the agreed sale price to take account the repairs needed.
If the defects are of a major concern, it may be appropriate to reconsider proceeding with the sale.
Why do I need an RICS Homebuyers Report?
The RICS HomeBuyer Report will see a qualified and experienced RICS Surveyor visit the property in advance of the exchange and completion taking place.
The survey ensures that you are fully informed on all the defects to the property, enabling you to make a fully informed decision as a purchaser, avoiding any nasty and costly defect surprise once you are the legal owner.
Will the Surveyor be Qualified?
Yes, in order to undertake an RICS HomeBuyer Report, the Surveyor must be a professional RICS member.
All our Surveyors are not only RICS members, but are also members of other leading governing bodies including the CIOB, CABE and CIArb.
Here are some RICS HomeBuyer Reports we’ve done in the past:
Vicarage Road, Sunbury-on-Thames, Surrey, TW16
The Stokemont Building Surveying team were very pleased to assist a new client with an all important pre purchase survey and RICS HomeBuyer Report of this semi detached cottage located in Vicarage Road, Sunbury-on-Thames, Surrey, TW16.
Park Hall Road, West Dulwich, SE21 8EH
The Stokemont Surveying team were very pleased to assist one of our clients with their pre purchase requirements and complete an RICS HomeBuyer Report of this purpose built ex local authority property on Park Hall Road, West Dulwich, SE21.
Waldo Road, Kensal Green, NW10
The Stokemont pre purchase Surveying team undertook a complex RICS Homebuyer Report pre purchase survey of this mixed use, turn of the century property in Waldo Road, Kensal Green, NW10. With damp, asbestos and pest issues, this was a challenge!
Our team of Surveyors are not only highly experienced but importantly they are also qualified.
We’re proud to confirm our Surveyors hold membership status and accreditation to some of the world’s leading professional governing bodies including; the Royal Institute of Chartered Surveyors (RICS), the Chartered Institute of Building (CIOB), the Chartered Institute of Arbitrators (CIArb), The Chartered Association of Building Engineers (CABE), the Pyramus and Thisbe Club (P&T) and the Centre for Effective Dispute Resolution (CEDR).
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