A Homebuyer Report is a type of building survey.
Building surveys are a means of providing a detailed evaluation of a property’s condition. They may also be prepared for individual homeowners, home buyers, or for investors in property portfolios to help inform future investments.
- Condition Report. The lowest cost option, describing the condition of the property and highlighting any urgent defects.
- HomeBuyer Report. The most common survey, providing more detail regarding the condition of the property.
- Building Survey. The most comprehensive report, intended for larger or older properties, or where major works are being planned, and providing an in-depth analysis of condition and advice on defects.
Homebuyer Reports are intended for conventional, newer homes in reasonable condition. They are not exhaustive studies, but should identify major or urgent issues as well as areas that might be investigated further.
They can be useful for identifying problems or providing reassurance about the possible purchase of a home, and can provide useful information for negotiations, which might result in a reduction of price, or the vendor undertaking repairs.
There are two types available:
- HomeBuyer Report (survey). This includes all the features of the RICS Condition Report and provides advice on defects repairs, and ongoing maintenance.
- HomeBuyer Report (survey & valuation). This includes all the features of the HomeBuyer Report (survey) and also provides a market valuation and insurance rebuild costs.
However, home surveys have been criticised for containing a number of exclusions, such as areas that it was not possible to access, as well as caveats that mean they do not always give the reassurance that was being sought.
 Related articles on Designing Buildings Wiki
- Building survey.
- Consumer Code for Home Builders.
- Energy Performance Certificate
- Ecological survey.
- Ground investigation.
- Home information pack.
- Home report.
- Property valuation.
- Site appraisals.
- Site surveys.
- Soil survey.
- Vendor survey.
 External references
Featured articles and news
What will the General Data Protection Regulations (GDPR) mean for you when they come into force in May?
Business Secretary chairs a new taskforce to monitor and advise on mitigating the impacts of Carillion’s liquidation.
Sir John Armitt is appointed the new chair of the National Infrastructure Commission.
High quality and high density homes - is it what we need or is it storing up trouble?
Government announces its intention to strengthen planning rules to protect music venues and neighbours.
National Audit Office reports that there is little evidence that PFI offers better value than other forms of contracting.
What is liquidation and how does it apply to contractors in the construction industry?
Scrutiny is placed on Carillion's controversial 2013 decision to extend subcontractor payment terms to 120 days.
RSHP unveil their involvement in a boundary crossing which will provide a new entry point into Hong Kong.
With PFI currently under the spotlight due to Carillion, this introductory article explains what they are.
Estimates suggest that up to 30,000 small firms could be at risk of non-payment as a result of Carillion's collapse.