Buying a new home can be a decision that is as much driven by emotion as by the obvious financial and location- based drivers. Sometimes it is all too easy to fall in love with a place and put its leaky pipes and patches of damp to the back of your mind. However, purchasing a property is one of the most important financial decisions of your life.
Before you decide to commit yourself legally, you can limit the risks by asking a chartered surveyor to examine what is a reasonable price to pay for the property? And are there any serious or urgent defects or specific risks with the property?
Recent research by the Royal Institution of Chartered Surveyors (RICS) revealed that many buyers end up paying on average £5,750 in repair bills on a new home. All of which could have been avoided if a survey of the house was carried out prior to the purchase.
Serious faults and property defects are difficult to identify and can be costly to repair. Although a survey might initially appear as an unnecessary, additional cost, it can help to provide you with peace of mind on the condition of the property you wish to purchase, and this is priceless for any home buyer. Instructing a surveyor can also have some short-term financial benefits, as it may help to renegotiate the purchase price of the property and outline any further expenditure.
The truth is, you wouldn’t buy a car without a service history or MOT, so why take the risk with your home?
Do I need the old home buyers report?
Robertsons HomeBuyer Report is carried out by one of our RICS-accredited local surveyors, designed to answer all the questions you have about the property you’re buying, enabling you to make an informed decision. If you are interested in buying a conventional property built in the last 80 years, our RICS HomeBuyers Survey is the ideal way to give you peace of mind about the property’s condition.
Home Buyer Report- What is it?
A high-quality RICS-approved report, carried out by one of our RICS-accredited local surveyors. The RICS HomeBuyer Survey is an informative, reliable and cost-effective report that provides clear and concise advice on any serious problems or specific risks a property may have.
- A survey written for you in plain English without any surveyor jargon.
- A thorough visual inspection of the interior and exterior of the property.
- A valuation of the property to determine its market value (not suitable for mortgage purposes)
- Issues that need to be investigated to prevent serious damage or dangerous conditions and may affect the value of the property.
- Advice on repairs and ongoing maintenance, with a clear traffic-light system to help you know which repairs to tackle first.
- An insurance reinstatement figure for the property.
- An overview of the condition of the services based on a visual inspection.
- Legal issues that need to be addressed before completing your conveyancing and information on location, local environment and the recorded energy efficiency.
- A highly informative report on the construction of the property or defects identified.
Why do I need this Survey?
Buying a new home can be one of the most stressful experiences you will have. At Robertsons Surveyors we believe you should know exactly what you’re buying. The RICS HomeBuyer Survey allows you to make an informed decision regarding any problems or risks the property may have which should be addressed before you commit to buying a residential property.
Our reports detail advice on any issues the property may have, which could affect its value; it also contains a market valuation of the property and insurance reinstatement cost. If you are interested in buying a conventional property, built in the last 80 years, the RICS HomeBuyers Survey is the ideal survey to give you peace of mind about the condition of the property
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