The RICS introduced the Homebuyers Report. It is a method of minimising risk for purchasers. It provides buyers with enough information to make a reasoned and informed decision on whether to proceed with their purchase.

The report is quite lengthy, usually in the region of 25 pages, it is divided into sections as follows:-

  • ¬†Introduction to the report
  • About the inspection
  • Overall opinion and summary of the condition ratings
  • About the property
  • Outside the property
  • Inside the property
  • Services
  • Grounds (including shared areas for flats)
  • Issues for your legal advisers
  • Risks
  • Valuation
  • Surveyor’s declaration

Property related risks are also identified in the report. In addition the report contains both a current market value and the cost of re-instatement for insurance purposes.

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Victorian terraced houses