What is a RICS HomeBuyer Report?
A RICS HomeBuyer Report is a type of home survey devised by the Royal Institution of Chartered Surveyors (RICS). It is aimed at homebuyers (hence the name) and intended for conventional properties in reasonable condition. The report describes the condition of the property and any potential risks or defects, and provides advice on repairs and ongoing maintenance. Findings are presented in a standardised format using a traffic light rating system, and may optionally include a valuation, including insurance rebuild costs.
The RICS HomeBuyer Report is a middle ground, providing more information than a RICS Home Condition Report but remaining less expensive than a RICS Building Survey (for larger or older properties).