This is a standard report form of survey produced by the Royal Institution of Chartered Surveyors (RICS) to outline significant and urgent matters.
The Homebuyer Survey is a standard format and is designed specifically as an economy service. It therefore differs from a Building Survey in two major respects.
- It is intended only for particular types of home; houses, flats and bungalows which are conventional in type and construction and apparently in reasonable condition. The report is not suited to properties in excess of 150 years old, unless otherwise agreed with these offices.
- It focuses on essentials; defects and problems, which are urgent or significant and thus have an effect on the value of the property although it also includes other valuable information.
The Homebuyer Survey, unlike a Building Survey, provides not only a survey, but also a valuation as an integral part of the service.