The cost of the report will depend on the size and type of property, its location and its value. Whilst costing more than the Mortgage Valuation report it is far more encompassing and gives the buyer the information needed to make the decision whether to proceed or not.
In percentage terms of the overall purchase price the cost of the survey is minimal and need only identify one minor defect and the cost of the report is recovered.
In the long term it could save you thousands of pounds.
A report based on a brief inspection to advise the Client (usually a lender) as to the open market value and possibly the suitability of the property for mortgage purposes. It’s purpose is to describe the property and highlight only obvious defects which affect the value — it does not provide a comprehensive report on the condition of the property and it should not be relied upon by purchasers.