What is a Homebuyer Report?

Homebuyer Report

A Homebuyer Report is a type of survey that seeks and records problems in a property that may be detrimental to the value of the property. These include common issues like subsidence or damp, which can be costly to repair further down the line. A Homebuyer Report is only used to check for issues that are readily visible to the surveyor. It does not include looking below floorboards, behind walls, or checking wiring for faults.

The report is relatively reader-friendly and avoids technical jargon. Usually, it lists any faults that it uncovers in plain and simple language. It uses a Condition Rating system ranging from 1 – no repairs required to 3 – serious call for repair or further investigation.

Remember that particularly with older properties, most surveys will find something that needs work, but this does not exclude new builds either. Common finds often involve electrics, central heating, and structural issues, which are essential for living our daily lives. It is important to identify and fix any issues before moving takes place, to make the process as smooth as possible.

If you think a Homebuyer Report seems like an unnecessary expense, remember that finding any problems early so that you can fix them as quickly as possible. This could involve setting yourself a budget for the repair works or agreeing with the seller that they complete any repairs before you move in. This is an important negotiation to have before the transaction completes, which you might not have the opportunity to carry out without the Homebuyer Report.

At Conveyancing Lawyers For You, we are a provider of home surveys as well as online conveyancing. Our network of licensed conveyancing professionals provides thorough Homebuyer Reports as well as other inspections as part of our home survey package!

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