Home Report Dunoon, Argyll

Scroll

The Dunoon Office of Allied Surveyors, Scotland, is located at 160 Argyll Street, Dunoon, Argyll PA23 7NA. Our Telephone Number is 01369 705000. The Email Address is dunoon@alliedsurveyorsscotland.com.

The Dunoon Office offers services in Argyll, Argyll & Bute, the Cowal Peninsula, the Island of Bute (the Isle of Bute). It operates within the Post Codes of PA20, PA21, PA22, PA23, PA24, PA25, PA26, PA27 and PA32. These Post Code areas include Rothesay, Port Bannatyne and Kilchattan Bay on the Isle of Bute. The Dunoon Office also offer services within Dunoon, Kirn, Hunters Quay, Innellan, Toward, Sandbank, Kilmun, Strone, Blairmore, Adentinney, Strachur, St Catherine’s, Cairndow, Lochgoilhead, Carrick Castle, Inveraray, Furness, Minard, Glendaural, Tighnabruaich, Kames and Colintraive.

Services include

Home Reports, Energy Performance Certificates, Mortgage Valuation Reports, Insurance Reinstatement Figures, EPCs, Development Appraisals, Land Valuations, Commercial Valuations and Quantity Surveying Services. Quantity Surveying also includes Full Pre and Post Contract Quantity Surveying Services, Project Management and all aspects of Construction Cost Consultancy.

Home Reports explained

Home Reports have been in existence since 2008 and were introduced under The Housing Scotland Act 2006. The Home Report is prepared on behalf of a Vendor and is intended to provide potential purchasers with information on the condition and value of a property. The Vendor organises the Home Report prior to marketing. A Home Report is required in the majority of circumstances with the main exception being properties which are not being marketed for sale, new build properties and newly converted premises. Right To Buy houses and portfolios of residential properties and unsafe properties are also exempt.

Home Report

The Home Report contains four sections including the Single Survey which provides an assessment of the condition of the property in addition to a description of the property. The Home Report also includes a Mortgage Valuation Report and Energy Performance Certificate. The Property Questionnaire within the Home Report is completed by the Vendor. It is necessary for the Home Report to be prepared by a fully qualified Chartered Surveyor.

The Home Report also includes a Mortgage Valuation Report and it is important to ensure that the Home Report is carried out by a Surveyor who can include the Mortgage Valuation Report element.

Contents of a Home Report

There are four main elements of a Home Report:

Single Survey
Mortgage Valuation Report
Energy Performance Certificate
Property Questionnaire

The Single Survey initially contains a description of the property followed by condition comments regarding each of the elements.

The condition of each element is summarised by a condition category. These are Category 1, 2 or 3. Category 1 indicates that no immediate action or repair is needed. Category 2 indicates repairs or replacement requiring future attention but Estimates are still advised. Category 2 is very common in a wide variety of properties and can often indicate the presence of normal wear and tear and the need for routine maintenance. Category 3 indicates that urgent repairs or replacement are needed due to the risk of significant problems developing with elements of the property. This also covers areas considered to be a safety hazard and recommends that estimates for repairs or replacement are obtained.

A Mortgage Valuation Report (MVR) is included within the Home Reports prepared by Allied Surveyors Scotland. This is the part of the Report which may be used by a lending institution, a Bank or Building Society that may be considering the property as suitable security for mortgage or loan purposes.

The Energy Performance Certificate takes into account the characteristics of the property and grades the property in a Band extending from A through to G. It also provides advice on improvements which may be implemented to enhance the Energy Performance Rating of the house.

The Property Questionnaire is filled in by the Vendor and includes questions regarding alterations, services and legal matters concerning the property.

Who Can Provide a Home Report

The Home Reports in Scotland has to be prepared by a member of the Royal Institution of Chartered Surveyors. It must be provided by a qualified Chartered Surveyor.

The Reports prepared by Allied Surveyors Scotland contain a Mortgage Valuation Report and, therefore, have additional benefits for potential purchasers. Allied Surveyors Scotland is an approved panel member of the majority of lending institutions, banks and building societies.

When is a Home Report required

Any property which is to be marketed in Scotland requires a Home Report. There are a number of exceptions. These include newly constructed houses. Newly converted premises, Right To Buy houses, portfolios of residential properties and properties which are unsafe to enter.

If a property is offered for sale either privately or via an Agent or Estate Agent a Home Report is required. Only properties which are not being marketed do not require a Home Report.

Home Report Costs

Home Report fees are calculated on a scale dependent on the anticipated Market Value. The fees start at approximately £360 including VAT and increase according to the anticipated valuation.

Market Conditions

The property market in Dunoon, Rothesay, Cowal, and Argyll & Bute has generally followed National trends. There are differing levels of activity according to the size and type of property. In general we are seeing increasing levels of activity in the property market.