Home Condition Reports
The need for Home Inspections
The Government has recently introduced new legislation which will revolutionise the way residential property is bought and sold.
Central to this legislation is the requirement that all properties must have a Home Information Pack (HIP) before the property can be put on the market. A key component of the HIP is the Home Condition Report (HCR) and only ‘qualified’, specialist Home Inspectors will be licensed to carry-out these HCRs.
The seller of a property will be responsible for compiling the HIP which will include:
- draft sale contract
- evidence of title
- standard searches
- planning and building control consents
- property information and fixtures and fittings.
- copies of guarantees and warranties
- home condition report including an energy efficiency assessment
For leaseholders, the packs also include:
- copy of the lease
- service charge accounts
- building insurance policy details
- details of the landlord
The Benefits of Home Information Packs
- should stop people from putting their home on the market with no real intention of selling.
- as the cost of the HIP is borne by the seller, buyers will not be out of pocket if the sale does not proceed.
- the availability of information at the ‘front end’ of the process makes it more transparent.
Stock Condition Surveys
In order for Housing Associations to meet the requirements of the Housing Corporation it is necessary for them to have an up to-date asset management plan, reinvestment and risk appraisal strategies and a stock condition survey.
There is a requirement for the housing stock to be in a lettable condition that exceeds statutory minimum regulations.
There are a number of benefits to having a stock condition survey:
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obtain knowledge of the overall condition of the housing stock.
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enables Associations to make adequate financial provision for planned maintenance and improvement work.
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the ability to use resources more efficiently and to target repair and improvement priorities.
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potential to develop planned maintenance and reduce responsive repairs, thus reducing costs long-term.
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the ability to accurately forecast long-term finance requirements and plan accordingly.
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cost effectively collect information as part of an energy survey to establish overall energy efficiency of housing stock.
Why choose Terry Holmes Consultants?
We are one of the leading companies in Lincolnshire in this field with over thirty-five years experience in the construction industry and have carried out hundreds of home condition surveys, for individual properties and complete housing stock for Housing Associations.
For more details, please Contact Us
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