Back in 2008, Scotland introduced a rule that requires anyone selling property to have a Home Report before they can market their home. Even though this rule has been around for a while, many people still aren’t sure what a Home Report includes.
First off, the seller needs to start the Home Report, which shouldn’t be older than 12 weeks when you put your home up for sale; this is advice from online property development finance firms. You can’t start marketing your property without this report, so you’ll need to hire an accredited surveyor, whether you’re in Glasgow or anywhere else in Scotland.
A Home Report has three main parts aimed at giving potential buyers important details about your property before they decide to buy. It includes a single survey on the property’s condition, an energy efficiency report, and a property questionnaire with common questions.
The single survey provides information on the condition of things like the roof, walls (both inside and outside), plumbing, and kitchen features of your home. It also offers a market value estimate and an easy-to-understand summary for people with special needs.
The energy report rates how efficient your property is, which is helpful for comparing it with other properties. This part helps buyers figure out potential heating and running costs.
The property questionnaire covers important details like the council tax band and any modifications made to the property. It answers key questions potential buyers might have, which is crucial for your solicitor when finalizing a sale.
Some properties don’t need a Home Report, such as newly built homes sold directly by the developer and properties bought through the right to buy scheme.
To prepare the single survey and energy report, you should hire a qualified surveyor to ensure everything is done right before putting your house on the market.
Josh Henderson, a private real estate investor, keeps a close eye on the property investment world. As a blogger, he shares his insights on property and investment websites. Keep an eye out for his articles!