Homebuyer Survey & Valuation (HSV)

Building Survey

RICS—the Royal Institution of Chartered Surveyors—provides the following description of an HSV:

A Homebuyer Survey and Valuation (HSV), also known as a Homebuyer’s Report, is a survey done to a standard format set out by RICS.

It is most suitable for conventional properties built within the last 150 years, which are in reasonable condition.

It doesn't detail every aspect of the property, and only focuses on urgent matters needing attention.

An HSV is not usually suitable for properties in need of renovation, or for owners planning major alterations.

An HSV includes details of:

The general condition of the property

Any major faults in accessible parts of the building that may affect the value

Any urgent problems that need inspecting by a specialist before you sign a contract

Results of tests for damp in the walls

Damage to timbers – including woodworm or rot

The condition of any damp-proofing, insulation and drainage (though drains aren't tested)

The estimated cost of rebuilding the property after a fire, for building insurance purposes

The value of the property on the open market.

Building Survey

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