HCR
Home Condition Report (HCR)
Home Condition Report
A Home Condition Report contains information about the physical condition of a property, which sellers, buyers and lenders will be able to rely on legally as an accurate report.
It is similar to a Homebuyer Survey and can let the seller and buyer be aware of any works or repairs that are needed to the property.
The report:
- must be carried out by a certified Home Inspector
- must be written in plain English and not include technical jargon
- gives you comprehensive information on work or repairs needed to the property, reducing the chance of nasty surprises later on
See an example Download a sample report (PDF, 435K)
Benefits of a Home Condition Report
Sellers
You have an early opportunity to carry out repair work on the property or get quotes before marketing your property. By giving buyers a clearer idea of your property, it reduces the risk of a buyer pulling out later in the process due to an unforeseen problem and gives your property an additional selling point.
Buyers
If the seller has included a Home Condition Report, you can use it at the begining of the home-buying process to reduce the risk of being faced with unexpected repair bills and other surprises when you buy the property.
Buyers and their mortgage lenders have a legal right to rely on the report, so you can give the report to lenders when they make their valuation. This means they may not have to repeat a detailed site inspection at your cost.
The report must be carried out by a certified Home Inspector.
How much will a Home Condition Report Cost?
A Home Condition Report is only £
For a HIP Quotation including a Home Condition Report, please click here
After receiving a HIP Quotation, please check the box that states 'Optional Home Condition Report' if you wish the Home Condition Report to be included in the HIP