Home Buyer's Reports

The RICS/ISVA Home Buyers Report is prepared in a standard format in order to keep costs down. The main objective of the home buyers report is to:

Reassure you that you are paying a fair price for the property.

Inform you about any serious defects that may affect your decision to proceed with the purchase.

Inform you about any less serious defects which may affect the price that you are prepared to pay for the property.

A home buyers report is likely to be the most appropriate choice if the property that you are buying is:

• built after 1919
• of a traditional construction
• free from obvious structural defects.

The typical cost of a home buyers report for an average sized property is around £350 to £450 plus VAT. In addition to buying peace of mind, many buyers find that they are able to recoup the cost of their survey by using it as a negotiating tool in subsequent price negotiations.