A HomeBuyers Report is a survey completed to a standard format set out by RICS – it’s most suitable for conventional properties built within the last 150 years, which are in reasonable condition.
It doesn’t detail every aspect of the property and only focuses on urgent matters needing attention. It’s not usually suitable for properties in need of renovation or if you’re planning major alterations.
An HBR includes details of:
✓The general condition of the property
✓Any major faults in accessible parts of the building that may affect the value
✓Any urgent problems that need inspecting by a specialist before you sign a contract
✓Results of tests for damp in walls
✓Damage to timbers – including woodworm or rot
✓The condition of any damp proofing, insulation and drainage (though drains aren’t tested)
✓The estimated cost of rebuilding the property for insurance purposes
✓The value of the property on the open market
A Building Survey is a comprehensive inspection of a property reported in a style to suit the property and your specific requirements. It’s suitable for all properties, especially;
✓Buildings constructed in an unusual way, however old they are.
✓Properties you plan to renovate or alter in any way.
✓Properties that have had extensive alterations.
It examines all accessible parts of the property and you can ask to have specific areas included so it covers any particular concerns you have about the building. It is a product which can be tailored to your needs, agreed between you and your surveyor.
A Building Survey can include details of:
✓Major and minor defects and what they could mean.
✓Results of damp testing on walls.
✓Damage to timbers, including woodworm and rot.
✓The condition of damp proofing, insulation and drainage (though drains aren’t tested).
✓Technical information on the construction of the property and the materials used.
✓Recommendations for any further specialist inspections.
✓The estimated cost of rebuilding the property for insurance purposes.
✓The value of the property on the open market.