The RICS Home Buyer’s Report (“HBR”)
is most suited to flats and modern properties.
It is a less detailed property inspection than
a Building Survey, presented in a pro-forma style; however, all
aspects of a building that are readily and safely accessible, visible
from ground or upper floor levels and which can be examined without
risk of causing damage to the property (or to the surveyor!) are
looked at.
The HBR provides a concise report giving advice
on repairs needed, further specialist reports required and incorporates
a valuation.
In summary, the HBR provides
a snapshot of the general condition of the property and major matters
affecting its present value or resale in the future. The
report focuses on matters that may be urgent or which should be
considered in negotiating a purchase price.
Fees range from £350 to £800 –
generally about 30% cheaper than a Building Survey.
Timescales: 3 – 5 days.
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