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Home Reports were introduced on 1st December 2008 under the Housing “Scotland” Act 2006. They were conceived to provide sellers and buyers with better information about the condition and value of the house than they previously received so that there are incentives for them to improve the condition of private sector housing. With only limited exceptions, anyone marketing their properties for sale will have to provide a Home Report to prospective purchasers. The Home Report comprises a Property Questionnaire, a Single Survey containing an assessment of the physical condition of the house, a Valuation and an Energy Report. Chartered Surveyors are fully qualified to undertake the Home Report for the seller. This provides interested parties with detailed information on the condition of the property by way of a easy to follow categorisation of the individual elements of a property with each scored one, two or there. One is satisfactory, two - elements requiring attention and three - urgent repairs required. An Energy Report is provided to give the property an energy rating and advice as to how the Energy Efficiency of the property can be improved. Finally, a mortgage valuation section of the report is provided which can be used by a successful purchaser to obtain finance from a lender.
Home Report Costs
Costs of a Home Report vary depending on the value of the property. Allied Surveyors Aberdeen have their own valuation scale which can be obtained on the website.
The City of Aberdeen and Aberdeenshire
The Aberdeen office of Allied Surveyors covers the North East of Scotland including AB1-AB36 and AB39-AB54 postcodes and also the postcodes of DD9 and DD10. This is a wide geographical area being centred on the City of Aberdeen. Pre 1970s Aberdeen was a quiet provincial city with its economy focused on fishing, ship building and paper making industries. With the discovery of oil in the 1970s, Aberdeen expanded rapidly in all directions. Aberdeen is sometimes known as the Granite City due to the world famous Quarry at Rubislaw where granite was produced for many of the city’s houses. Prior to the Second World War, most properties in Aberdeen were built of granite and virtually all properties within the city centre and West End are traditional granite properties. The booming oil industry of the 1970s saw a huge influx of workers requiring to be housed. New suburbs sprung up in areas such as Bridge of Don, Westhill and Portlethen. The majority of housing within these locations is post 1970 and constructed of modern materials. The city now has a population of c 230,000 with the economy still largely focused on the oil and gas sector.
In 2014 the price of a barrel of oil was in excess of $100. As of May 2016, it hovers around the $45 a barrel level. Many oil producers are not profitable at this level and significant job losses have occurred and continue. Many people have been relocated from the city and the once booming property market of 2013 and 2014 has been replaced with a slower paced market as a result of a weakening of demand. However, sales are still taking place. Recent statistics provided by the Aberdeen Solicitors Property Centre (ASPC) show that sales volumes in the first quarter of 2016 (2016 Q1 Sales 1,126) only dropped by a quarter and when taking into account that Q1 2015 was extremely busy with purchasers trying to complete before the introduction of the New Land and Buildings Transaction Tax (LBTT); this shows that there is still a reasonable level of activity.
The market in 2016 is tougher and sellers are having to work harder to achieve a sale. However, well presented properties are selling and at reasonable prices. Allied Surveyors Aberdeen have full access to the ASPC sales database were over 90% of property is sold. By harnessing this sales data, with the wealth of experience enjoyed by the team of surveying professionals, we are able to keep fully abreast of the market to provide accurate advice and valuations to all our clients.
Instructing a Home Report Aberdeen
Complete the “Home Report Quotation” form here and we will contact you within 24 hours to discuss your requirements and give you a firm quotation.
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