d) What will a HomeBuyer Survey cover?

A HomeBuyer Report is produced in a standard format, defined by the Royal Institution of Chartered Surveyors (RICS). This survey is designed for houses, bungalows and flats that are of traditional type and construction and are apparently in reasonable condition. The new style RICS HomeBuyer Report is color coded and will tell you whether defects are serious or urgent. Although based upon a thorough inspection it is less detailed than a building survey. The recommended rebuilding cost for insurance purposes will be given as well as a market valuation.

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