A Homebuyer Survey and Valuation (HSV), also known as a Homebuyer's Report, is a survey completed to a standard format set out by the RICS. It is most suitable for conventional properties built within the last 120 years, which seem to be in reasonable condition.
The Homebuyer Survey is designed to help buyers make a reasoned and informed decision on whether to go ahead with buying the property and what is a reasonable price to pay for it, take account of any repairs or replacements the property needs and consider what other advice you need to take before exchanging contracts.
A Homebuyer Survey 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
- Identification of any structural movement affecting the property
- Identification of damp
- Damage to timbers - including woodworm or dry rot
- The estimated cost of rebuilding the property for insurance purposes
- The value of the property on the open market
ANFord Surveyors work to the 2010 edition of the HSV, which utilises a clear and concise format. Each building element is awarded a colour-coded condition rating to enable the buyer to prioritise and to allow for a clearer understanding of the implications of the surveyor's findings.
For a full description of the Homebuyer Survey and Valuation, please click here.
If you are unsure whether to choose a Homebuyer Report or a Building Survey, please click here for a guide.
Alternatively, please contact us for more information or advice.