The purpose of a property report is to provide you with all the information you need to know about the property as well as the development it is in. This will include information regarding what you can expect in the way of amenities upon completion of the development, what you should expect to pay for services such as gas, water, sewer, and other utilities. It should also inform you about how far the development is from local communities and recreational facilities, etc.
Besides the kinds of amenities, you can expect to enjoy, the property report should also contain information that is very important to know like whether there are any mortgages or pre-existing liens on the property. It should also tell you if there are any problems with the lot that could hinder construction or cause any delays with the build. It will also inform you about when you can expect to receive the title for the property.
Although this is just a small sample of the kind of information you will find in a property report, it highlights the importance of carefully reading it before committing yourself to the property. These reports are put together by the property developer so make sure that they confirm you will receive everything that has been promised to you in the report.