What is a Home Report?
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In Scotland, a home report is a legal requirement for selling residential properties. It is a document that provides important information about the condition and value of a property. The purpose of a home report is to provide potential buyers with detailed information before they make an offer, helping them make an informed decision.
A home report consists of three main components:
Single Survey
This is an assessment of the overall condition of the property, conducted by a qualified surveyor. It includes an evaluation of the property’s value, a description of its construction, information on any significant defects, and advice on necessary repairs or maintenance.
Energy Performance Certificate (EPC)
The EPC provides information about the property’s energy efficiency rating. It includes details about energy usage, potential energy savings, and recommendations for improving energy efficiency.
Property Questionnaire
The property questionnaire is completed by the seller and provides additional information such as council tax band, parking arrangements, any alterations or additions made to the property, and other relevant details.
The home report is typically prepared by the surveyor and/or their agent and made available to potential buyers. It helps streamline the buying process by providing comprehensive information upfront, reducing the need for multiple surveys and speeding up the transaction.
It’s important to note that home reports are specific to Scotland and are not a legal requirement in other parts of the United Kingdom.
Many properties are also sold off market or in a private cash sale. In these instances, it may be that no home report is available. Our recommendation for the protection of the home buyer and seller a home report is a compulsory document and should not be overlooked under any circumstances.
