The Royal Institution of Chartered Surveyors Homebuyer Report is an easy to understand standardised report designed to be user friendly giving clear recommendations. The Homebuyer Report is the mid-range option - more expensive than a mortgage valuation, but less than a Building Survey. It is recommended for conventional homes (houses, flats and bungalows), in apparently reasonable condition. It focuses on urgent and significant matters.

The main objectives when undertaking a Homebuyer Survey are:

• To enable the buyer to make a reasoned and informed judgement on whether or not to proceed with the purchase.
• To assess whether or not the property is a reasonable purchase at the agreed price
• To be clear what decisions and actions should be taken by the buyer before contracts are exchanged
• To comment upon the particular features which affect its present value and may affect its future resale

The report provides:

• Comment on the general condition of the property including;
1. Urgent repairs
2. Significant matters requiring further investigation
3. Significant but not urgent repair and renewal
4. Other significant considerations
• Comment on many particular points which should be referred to your legal advisers.
• Comment upon other relevant considerations concerning matters such as safety, the locality, environmental factors and the insurance reinstatement cost.