Home Reports Explained
What is a Home Report?
A Home Report is a pack of three documents, provided by the Seller of a residential property, which aim to give better information to prospective Purchasers. Home Reports have been a legal requirement in Scotland since 1 December 2008; all residential properties (other than new properties) require a Home Report completed and available for inspection by prospective Purchasers before they can be marketed.
What does a Home Report contain?
A Home Report contains three documents:
A Single Survey which is compiled by a Chartered Surveyor and gives detailed information regarding the condition of the property. It also contains a Valuation and looks at accessibility features which are important for the elderly and the disabled. Click here for an example.
An Energy Performance Certificate (EPC) which is also compiled by a surveyor and is generally carried out at the same time as the Single Survey. It assesses the energy efficiency and environmental impact of the property and suggests ways in which its performace could be improved. Click here for an example.
A Property Questionnaire which is completed by the seller. It includes useful information for prospective purchasers, for example: the council tax band of the property, parking facilities, utility providers, responsibility for common areas and the history of alterations. Click here for an example.
How much does a Home Report cost?
The cost of the Home Report is dependent on the value of the property being sold with prices ranging from approximately £390 for a property worth £100,000 to approximately £1900 for a property worth £2m. To find out how much your property is worth please contact one of our Property Consultants who will be happy to provide you with a free market appraisal of your property. Call 01224 622622 or complete our Free Valuation form.
Pre Sale Valuation
Given the significant cost of a full Home Report we often recommend instructing a Pre-Sale Valuation prior to instructing a full Home Report so that you know the valuation before incurring the full cost of the Home Report.
Once the valuation has been received by email we will discuss with you how to proceed with the marketing of your property and the instruction of the full Home Report.
Ordering a Home Report
Once you have chosen a surveyor to complete the single survey and EPC for you, we will order your full Home Report through the ASPC platform on your behalf.
You are, of course, able to arrange your own Home Report should you wish.
Marketing the property with a Home Report
Once all documents have been completed they are combined into a Home Report and made available with your property listing on the ASPC website and through our website. Prospective purchasers are then able to request a copy of the Home Report either online or directly from our office.
RICS have produced a guide for buyers and sellers in Scotland which contains detailed information on the Home Reports process.
Additionally, please visit the Scottish Government Home Report website or view the following video issued by the Scottish Government.