A Homebuyer Report is a type of property survey that provides a more detailed assessment of the condition of a property compared to a basic mortgage valuation report. It is intended for properties that are relatively modern and in reasonable condition.
A Homebuyer Report is typically carried out by a qualified surveyor and includes a visual inspection of the property and an assessment of its condition. The report will highlight any significant defects or issues that may affect the value of the property, as well as any urgent repairs that need to be carried out.
A Homebuyer Report is usually recommended for properties that are less than 100 years old, are constructed from common building materials, and are in reasonable condition. It is also suitable for properties that are not listed or located in a conservation area.
If a property is older, in poor condition, or has unusual features or construction materials, a more comprehensive building survey may be required. It is important to discuss your requirements with your surveyor and solicitor to ensure that you obtain the appropriate type of survey for your needs.
