Home Buyers' Survey and Valuation - Report on condition and value of property
The home buyers survey and valuation (HBSV) report is a service paid for by the consumer to gauge the condition of a property before a purchase and can also be known as a homebuyers report. The home buyers survey and valuation report service involves a surveyor visiting the property involved and inspecting it. Then the surveyor will then write a report on the property condition, as well as performing a basic valuation of the properties value.
HBSV Report Survey Example
The cost of the report can vary (between £250 and £500) but the content should cover these basic points:
- General condition
Covers the interior and exterior of the building and the properties local vicinity. - Defects or positive attributes
Emphasis on any particular features that may affect either the present value, or the ability to resell or re mortgage. - Maintenance recommendation
Draw attention to work needed either immediately or in the relatively near future to the building. - Issues needing legal guidance
Any matters with the property that should be discussed with the customers solicitor. - Misc matters to be taken into account
The surveyor will mention anything that they feel is helpful and constructive. - Basic valuation
The properties current market value.
HBSV Information
A HBSV report can usually be arranged by the consumers mortgage lender in conjunction with the valuation report. If there is a wish to instruct a surveyor separately a whole host of surveyors are on the web or in any local directories and are very simple to find.