There is no straight forward answer to this question as it will depend on value, size, age, location and even the time of year.
Getting a Home Report Quote
There is unlikely to be a significant difference in the cost of a Home Report between surveyors, however, there are a few things you should check before commissioning a Home Report:
- Is the firm of surveyors regulated by RICS (Royal Institution of Chartered Surveyors)
- Do the surveyors have a good knowledge of the area where the property is located?
- Do the surveyors have an office in the town or nearby?
If the answer to these 3 questions is yes then you have at least chosen a surveyor with the appropriate experience and knowledge to carry out your Home Report.
Why Home Report Costs Vary
Like most products and services, the cost of a Home Report can vary from region to region and town to town. Why is this? A surveyor will generally quote based on the time taken to deal with a particular job or in the case of Home Reports, the time taken to travel to, inspect, value and report on a property.
The factors that a surveyor will therefore take into account in determining the cost of a Home Report is the location of a property, age, size and value. Generally speaking the cost of a Home Report will be more if it is remote, large, old and of high value. The cost for a Home Report will be less if it is closeby, small, reasonably new and of lower value.
What should you expect to pay from a Home Report
Assuming there are no unusual circumstances affecting a property then the lowest fee a surveyor is likely to charge is £290/£300 + VAT. This will generally be for properties under £100,000 in value and located in an urban area.
The most common value of a residential property in Scotland is between £100,000 and £200,000 and a typical Home Report cost in this range will be £350-£400 + VAT.
What is included in the Home Report Cost
The surveyor is not just valuing the property, they are preparing a report on the general condition of the property and specifically those areas where a purchaser may need to carry out repairs and therefore expenditure. The surveyor will also include an Energy Performance Certificate within the cost of a Home Report as well as a mortgage valuation report which will only include information of interest to the purchaser’s mortgage provider.
Complete the “Home Report Quotation” form here and our local office will contact you within 24 hours to discuss your requirements and give you a firm quotation.