Introduced in December 2008, the Home Report is a document which the seller of a residential property in Scotland is legally required to provide in most instances prior to the commencement of marketing. The purpose of the Home Report is to provide both buyers and sellers with better information about the condition and value of the property and to enable the transfer of housing to progress as smoothly as possible.
The Home Report
The Home Report consists of three principle documents, namely the Single Survey, Energy Report (EPC) and Property Questionnaire:
The single survey is an assessment by a qualified Chartered Surveyor of the condition of the home, and also includes a valuation and accessibility audit for people with particular needs.
The EPC provides a comparative indication of how energy efficient the property is and its environmental impact. It includes recommendations on how the efficiency of the property might be improved and the relative costs involved.
The property questionnaire is the responsibility of the property owner to complete and includes extra information that a potential purchaser may find useful when taking occupation of the property.
An optional mortgage report is often included, this document making it easier for purchasers to use the Home Report in connection with raising mortgage finance through their chosen lender. It should be noted that only firms of Chartered Surveyors who are on the panel of individual lenders will be able to offer a transcript facility based on the Home Report. Allied surveyors Scotland are on the valuation panels of most lenders operating within Scotland.
The historic market town of Dumfries, situated on the River Nith and a short distance from the Solway Coast, is the regional capital and administrative centre of Dumfries & Galloway. With a population of around 50,000, Dumfries is the largest town in south-west Scotland.
Dumfries & Galloway is the third largest region within Scotland, extending to nearly 2,500 square miles. Occupying the south western corner of Scotland, Dumfries & Galloway is renowned for its beautiful and varied countryside and coastline, together with its historic towns and villages. With a wide variety of available house types and locations, this is an area much sought after by those seeking a more relaxed lifestyle or country living.
Instruct a Home Report
Allied Surveyors Scotland are uniquely placed to provide quality Home Reports within Dumfries & Galloway, our experienced, knowledgeable and enthusiastic Chartered Valuation Surveyors operating from three individual offices across the region, based in Dumfries, Castle Douglas and Newton Stewart. Should you require further information regarding Home Reports, wish to discuss the local property market or obtain a home report quotation for our services, please do not hesitate to contact our Dumfries office.