Exactly why you should have house buyer surveys and reports As of March 2010, the home buyer survey and valuation was superseded by the rics homebuyer report, which is a sort of property study that is recommended for house purchasers. The home buyer survey and valuation had been running concurrently with it since July 2009. The homebuyer report, often known as the HBR, is an updated version of the house buyers survey and assessment that was conducted before. RICS has been providing a new homebuyer report that does not include a value from the beginning of the year 2000. The components of this report are identical to those of the normal homebuyer report; however, the cost of the valuation and reinstatement is not included. This means that members of the Real Estate Commission of the United States (RICS) are no longer required to be registered valuers in order to conduct surveys. Additionally, the market valuation section of the report is now optional. Buyers who wish to continue using the traditional homebuyers report along with the valuation are free to do so. It has been noted by the Royal Institution of Chartered Surveyors that the homebuyer report is an upgrade on the house buyer survey and valuation owing to the fact that it has a structure that is more consumer friendly and simplified. As an alternative to the house buyer survey and appraisal, the homebuyer report was sent to the property owners. In the event that you own a home that is in need of renovation or that you want to change, we strongly suggest that you hire a more extensive building survey from a rics accredited surveyor. There are a number of them located all across the United Kingdom that are able to assist you whenever you need it during the procedure and to assist you in making the best and most appropriate decision possible. Although there are instances when this procedure may be rather pricey, that does not change the fact that it is a prudent option to make and one that ought to be considered in some way as an investment.