Level 2 HomeBuyer Report
Our most popular survey amongst first time and family buyers with easy to navigate traffic light system of reporting property issues.
A RICS Homebuyers report is an intermediate home property survey designed for traditional family housing stock in relatively good condition.
What is a HomeBuyer Report?
A homeBuyer report is the most popular Property Survey for buyers. An economic but detailed survey, suitable for most residential properties.
This report gives you more detailed information and provides an independent valuation of the property. It includes a more extensive inspection of the property with guidance on defects that may affect the value of the property.
Focussing on all aspects of the property, from damp to structural movement, this RICS Report is easy to navigate, has a traffic light system of reporting issues, and a special section for you to provide to your solicitor.
Once our surveyors have seen everything on site, they are perfectly placed to provide you with an independent RICS Market Valuation, to help you protect your investment.
Important: Property Valuations provides a market value and reinstatement cost for insurance purposes.
It is important to remember that a valuation report is for the mortgage lender’s purposes, not as a guide for you. It simply tells the lender that the asset is reasonable security for the loan – it doesn’t provide information on the condition of the property. Speak with our honest approachable experts today who will be happy to guide you If you are unsure.
What is a reinstatement cost?
The Reinstatement Cost (also known as rebuild cost or building sum insured) of your home, is the amount it would cost to completely rebuild the property from scratch if it were totally destroyed, by a fire for example. It is required for building insurance applications and is the amount of money for which your home is insured in case of total loss.
It includes costs of clearing the site, materials, labour and professional fees. It is not the same as the value of your home. Reinstatement costs are for an accurate reconstruction of your property whereas market value is simply what the property is worth as a whole finished product.
Features
- Describes the construction and condition of the property on the date of inspection
- Aims to identify any problems that need urgent attention or are serious
- Aims to identify things that need to be investigated further to prevent serious damage
- Aims to tell about problems that may be dangerous
- Aims to show up potential issues and defects, before any transaction takes place
And more
- Aims to help you decide whether you need extra advice before committing to a purchase
- Aims to enable you to budget for any repairs or restoration
- Aims to advise you on the amount of ongoing maintenance required in the future
- Provides a reinstatement cost to help you avoid under or over-insurance if requested as part of the valuation
- Provides a market valuation if requested.
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