RICS HomeBuyer Report
This is an RICS designed report providing more extensive information for purchasers. Commenting on condition in a traffic light system created to provide a clear, concise and easy to read report. This is the report most often recommend by your solicitor for peace of mind for your purchase.
The survey includes inspection of all visible areas internally and externally of the home and associated structures. Each area of the property is covered under an appropriate heading and given a traffic light condition rating, which makes the next step clear, indicating where further investigation or specialised reports are required.
|Defects that are serious and/or need to be repaired, replaced or investigated urgently.|
|Defects that need repairing or replacing but are not considered to be either serious or urgent. The property must be maintained in the normal way.|
|No repair is currently needed. The property must be maintained in the normal way.|
in addition points raised within the report there will be points highlighted for the purchasers solicitor to provide the appropriate advice and legal checks Photographs can be provided to support issues commented upon within the report, and a section is provided with advice on legal aspects for your solicitor to check. uses the standard RICS traffic light system to highlight areas that require attention. Condition reports are more suited to fairly new, small to regular sized homes in fairly good condition. The report will highlight major issues and will contain a valuation.
We also note that will undertaking homebuyers reports there are no services tested the inspection is visual only.
RICS General Condition Survey (without a valuation)
This is a level 2 report that focuses on more detailed information but does not contain a valuation section. As such they are a bit cheaper than a HomeBuyer Report with a valuation section.The surveyor will carry out an in-depth visual survey of the property before reporting any issues in a clear and easy to understand report using the RICS’s traffic light system. The RICS HomeBuyers report will also advise on repairs and maintenance.The HomeBuyer report will be more relevant to older homes which potentially may require some works after purchase.
RICS HomeBuyer Survey /Level 2 Survey (with a valuation)
Same as above but with a valuation section so that you can see whether or not the price you have agreed is reasonable. It will also give a rebuilding cost for insurance purposes.
Providing similar information as a lenders mortgage valuation. This involves an inspection of the home primarily to provide a valuation of the property where a more detailed report is not required.
Our reports are prepared in accordance with the RICS Professional Standards. Depending on the size of the property the inspection should take between 30 -45 minutes. Essential defects affecting value will receive recommendation within the report.
Bank / Lender Valuations
When purchasing a property your lender/Bank may require a valuation to be carried out on their behalf, often on forms they require the surveyor to use. This can be carried out at the same time as a more extensive survey, should you feel the lenders mortgage valuation is not detailed enough.
We are approved valuers for a number of lenders/Banks.
Working from the basis that knowledge is power, it is often best to understand your own property and it’s possible defects before a sale gets to the position of negotiation on value. A report tailor made for vendors on defects and repairs required to their property with recommendations which can be addressed prior to marketing, therefore helping to reduce the stress of selling and negotiations on the sale price.
A specific report is not always required, depending on the nature of the issue and the ultimate use of the report. Often it is sufficient to have an inspection carried out on the specific area of concern, providing a report with recommendations on repair or further investigation .Further investigations include full damp and timber reports, electrical reports and plumbing inspections.
Energy Performance Certificates (EPC)
Energy Performance Certificates (EPCs) are needed whenever a property is built, sold or rented. The Home owner must order an EPC for potential buyers and tenants before you market your property to sell or rent.
An EPC contains information about a property’s energy use and typical energy costs. It also includes recommendations about how to reduce energy use and save money
An EPC gives a property an energy efficiency rating from A (most efficient) to G (least efficient) and is valid for 10 years.
We also undertake Red Book valuations of various types of commercial properties and agricultural lands for lending purposes, taxation, pension funds, schedules of dilapidations and development appraisals.
We offer independent, impartial valuations for an individual residential or commercial property through to portfolio, attending court if required.
Tax and Probate Valuations
We can provide reports for taxation purposes for use by private individuals, solicitors and accountants.
Vesting And Compulsory Purchase Negotiations
We Offer expert advise should your land or property be affected by a road scheme or water pipeline by a government department or local council.
Expert Witness Report
Litigation is increasingly prevalent and we can report and attend court as required covering residential and commercial valuations. We can provide Audit and Retrospective Valuations, calling upon detailed database and experience.