Is the valuation inside a Scottish Home Report the budget for the repairs it lists?

What is the fuller explanation?

English buyers usually commission their own survey, and a valuation inside it, if there is one, is still an opinion of worth rather than a builder’s bill. The Home Report bundles a valuation with the single survey. Bundled is not the same as “the valuation equals the repairs”. RICS says a purchaser can rely on the pack. Rely on the words, not on a subtraction you invented.

Do not offer the valuation minus a round percentage. If you want a lower price, use estimates and your solicitor. There is no national repair percentage in the Home Report page. Walking away remains the page’s alternative if you cannot cope. It is not triggered by the valuation figure alone.

What should you ask your surveyor?

• Is the valuation stated as including a repair allowance? The words will say.
• Which repairs does the page expect me to price separately?
• Are you the valuer and the condition surveyor in this pack, and which sentences are which?

What are the typical next steps?

1. Get estimates. Do not subtract them from the valuation in your head and call it the offer.
2. Ask your solicitor how offers work against a Home Report valuation.
3. Do not export this bundled valuation into an English Level 2 that did not include one.

Costs vary with the building and with who you instruct. Where this page does not cite a published figure, ask the surveyor, a relevant specialist, or your solicitor for a written quote. Do not treat a forum average as the price.

Also asked about this

Which pages should you read next?

• If a Scottish home is exempt from a Home Report, what must the seller still give you?
• Should a seller in England choose the surveyor the buyer will rely on?
• Should you renegotiate a new-build price from a snagging list the way you would a rating 3?
• Guide: What is the difference between a mortgage valuation and a home survey?
• All UK home survey questions

Sources

• mygov.scot: Buying a home: Home Report
• RICS: House surveys: the costs, types and benefits of an RICS home survey
• GOV.UK: Selling a home: Energy Performance Certificates (A to G, valid for 10 years)