A RICS Home Buyers Report is not a “Snagging Report” offered by some companies operating in UAE
A Home Buyers Report can only be carried out by a RICS Licensed professional.
What is a Home Buyer Report (Level 2 Survey)?
A Home Buyer Report (otherwise known as the Level 2 RICS Survey) is a survey to find and document any problems in a property that could cause damage and need future repairs, such as dampness or subsidence. A Home Buyer Report is prepared after a survey is carried out on homes that are in reasonable condition and only checks for easily visible problems.
The Home Buyer Report will not mention every single aspect of the building, but it can reveal issues that might impact the value of the property and need further investigation. It will include all major sections of a property that are visible to the surveyor, so they will not lift up floors or carpets and wiring will not be included.
What is included in a Home Buyer Report?
The Home Buyer Report includes:
- Background information on the property and location
- An estimate for the cost of re-building the property for insurance purpose
- An assessment of any damp-proofing, drainage, or insulation in the building (although drains are not tested)
- Condition of the building’s timbers and checking woodworm or rot
- Damp test results taken from the walls
- Details of urgent problems which should receive specialist attention before signing a contract
- Details of major faults in easy to get to parts of the property that may affect its value
The Home Buyer Report is easily understood – written in plain English rather than technical jargon.
Why A Homebuyers Report is Necessary
Buying a property is one of the most significant investments you will ever make, so it’s essential to ensure that you are making an informed decision. That’s where a homebuyer report comes in. A home buyer’s report is a comprehensive assessment of the property condition you are considering purchasing. It includes information about any significant defects or potential problems that may require attention in the future.
Having a homebuyer’s survey conducted by a professional like British Arabian is necessary to ensure that you are aware of any issues that may affect the property’s value or your ability to live comfortably. It can also help you negotiate the price with the seller based on any necessary repairs or improvements.
A homebuyer report survey covers various aspects of the property, including the structure, roof, walls, floors, windows, and more. It may also include an assessment of the property’s energy efficiency, compliance with building regulations, and other relevant factors.
Without a home buyer’s report, you may be taking a significant risk in your property purchase. Issues such as damp, subsidence, or faulty wiring may not be immediately visible but can cause serious problems and be costly to repair. By conducting a homebuyer report, you can rest assured that you are making an informed decision and are aware of any potential issues before you commit to purchasing the property.
What happens if the survey finds a problem?
Most surveys will find some sort of issue, especially with older properties. If you have any concerns you can highlight these with the surveyor before they carry out the inspection. Most surveyors are usually happy to talk through the report with you over the phone after you’ve received your report – so if you do have follow-up questions, that would be the time to ask.
Some of the most common things you might want to investigate are:
- Issues with the roofing
- Central heating
- Structural problems which may need an engineer
If you find any of these issues you may need to take further action, such as:
- Ask the surveyor how much it might cost to fix these issues
- Get a quote from a builder/ professional for major works
- Renegotiate the asking price or ask the seller to fix the issues before you complete on the sale
The RICS Home Buyer Report has 3 condition ratings to evaluate and describe the condition of the property and how urgently it needs repairing. The conditions are defined by RICS as:
- Condition Rating 1 – no repair currently needed
- Condition Rating 2 – defects that need repairing or replacing but are not considered to be serious or urgent
- Condition Rating 3 – defects that are serious and/or need to be repaired, replaced, or investigated urgently
Professional Homebuyer Report Surveys by British Arabian
As a professional homebuyer’s survey provider, we proudly offer professional home buyer’s valuation and survey services trusted by clients across North and East Africa, the Gulf, and the Levant regions. Our team of RICS-qualified professionals has over 14 years of experience in the property market, and we bring that expertise to every survey we conduct.
We use the latest technology and adhere to industry standards to provide comprehensive homebuyer reports that give our clients a clear understanding of the condition of the property they are purchasing. In addition to homebuyer’s surveys, we offer a range of other valuation services, including:
Our competitive prices and commitment to excellence have made us one of the region’s best companies for homebuyer report surveys. Trust a home buyer’s report from British Arabian to give you the information you need to make informed decisions about your property purchase.
Contact Us for Home Buyers Valuation and Survey in Dubai
At British Arabian, we pride ourselves on being a team of RICS-qualified professionals with over 14 years of experience in the property market. Our talented team members are experts in conducting home buyer’s valuation and survey services, providing a comprehensive Homebuyer Report for our clients.
With an in-depth knowledge of the property markets across North and East Africa, the Gulf, and the Levant regions, we offer a wide range of services at competitive prices. As the first GCC firm to commit to RICS Valuer Registration in 2010, we have been leading the way in our field. To enquire further about a home buyer’s report and survey, call us at +971 4 420 5316, email us at email@example.com, or fill out our convenient contact form.