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This survey is much more detailed than the basic valuation. The majority of people opt for a HomeBuyer Report when buying a new home, and it is definitely worth it to be sure that your new home is in good condition.
A Homebuyer Report allows you to evaluate whether you want to continue with the purchase at the present price, and to consider any urgent problems with the property. The report is recommended for houses that are under 50-75 years old, conventionally constructed, and in generally sound condition.
While less comprehensive than a full building survey, a HomeBuyer's report gives a good indication of the state of the property and its level of repair and maintenance. The surveyor reports on all visible parts of the property, such as the condition of the roof, pointing out particularly any areas that will need work straight away or at a later date. Further specialist surveys will be recommended if required.
The RICS HomeBuyer Report helps you:
• make an informed decision on whether to go ahead with buying the property
• decide what is a reasonable price to pay for the property
• take account of any repairs or replacements the property need
• consider if you need any further advice before exchanging contracts
The report is colour coded to make it easy to see if and where there are problems with the condition of the property.
Make sure your dream home isn’t a nightmare in disguise with the RICS HomeBuyer Report.
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