Tim Stubbs Limited - Derby Surveyors covering the East Midlands

 

RICS HOMEBUYER REPORT

A RICS HOMEBUYER REPORT is more thorough and detailed, and the time spent at the property is typically two to three hours. The inspection and report are, therefore, more thorough and detailed. The report is broken down into various headings, for example: chimney stacks; roof coverings; main walls; roof structure; external joinery; walls and partitions; floors; services; garage / outbuildings, drainage inspection; legal issues and risks. This is a visual inspection and no services are tested. Drainage inspection covers are lifted and a detailed inspection of the roof space is undertaken. Defects reported within each heading are Condition Rated 1, 2 or 3 depending on the severity of the defect. The report includes a market valuation and a buildings insurance calculation. The Homebuyer Report is most suitable for houses of traditional construction in good, average or fair condition. Client’s specific queries can be addressed in this report, for example, concerns about particular defects and proposals for extension or alteration. It is usually the best choice for most conventional residential properties which have been reasonably maintained. At Tim Stubbs Limited, we specialise in this type of survey.

RICS Homebuyer Report Condition Ratings

Click to download an example of a RICS Homebuyer ReportCLICK TO DOWNLOAD AN EXAMPLE OF A RICS HOMEBUYER REPORT

PRICES

Price of Property Cost VAT 20% Total
Up to £100,000 £300.00 £60.00 £360.00
£100,001 to £150,000 £340.00 £68.00 £408.00
£150,001 to £300,000 £400.00 £80.00 £480.00
£300,001 to £500,000 £500.00 £100.00 £600.00
£500,001 to £750,000 £700.00 £140.00 £840.00
£750,001 to £1,000,000 £1 per £1,000 extra over £750,001


"Thank you for your comprehensive report which outlined some fairly major problems and for which the vendor reduced the price of the property in accordance with your recommendation".

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