RICS Homebuyer Survey and Valuation

This economy service for purchasers, devised by The Royal
Institution of Chartered Surveyors, involves a more detailed
inspection and report than a standard valuation. It is
generally considered suitable for modern, traditional
properties and will include comment on all visible sections
of the property, a market valuation and recommended
reinstatement cost for insurance purposes.

The report provides the Surveyor's opinion of those matters,
which are urgent or significant and need action or evaluation
by the client. It includes urgent repairs for which the client
should obtain estimates prior to exchange of contracts.
These can include timber rot, rising damp or defective
chimney stacks for example.

Significant matters can include suspected subsidence or
settlement and significant but non urgent matters may
include the replacement of a flat roof in the short term.
Matters not considered significant or urgent are outside the
scope of a Homebuyers Report and will not be reported
although surveyors sometimes give useful advice within the
report on other aspects noted during the inspection.