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Home Condition Reports(HCRs) Home Condition Reports are a new format survey document initially introduced as part of the Housing Act reform introducing HIPs.The HCR is a level 2 survey report pitched at a similar leval as the RICS Homebuyers Survey. The Home Condition Report (HCR) contains information about the physical condition of the property. Sellers, buyers and lending institutions will be able to rely on the report. The report does not contain a valuation of the property.It provides a simple method of condition ratings. Each element of the property, for example the roof, walls, ceilings etc. will be thoroughly examined and given a rating. This is assessed on a three point scale:
• ‘1’ rating indicates either no defect present or if the works are very minimal and could be classed as normal maintenance;
• ‘2’ rating indicates that repairs are required but the home inspector does not consider these to be serious or urgent
• ‘3’ rating is applied if urgent works are required or further investigation is required.
The report also contains other essential information including highlighting any health and safety risks,environmental concerns and provides a reinstatement cost figure ,which can be used for insuring your property in the event of maximum loss.
The third section of the HCR is the EPC.All Home Condition Reports include a EPC as standard. The Home Inspection (Survey) can only be conducted by a Qualified and Accredited Home Inspector who will have passed the Diploma in Home Inspections (Equivale- nt to Degree Level).We are part of the SAVA Certification Scheme and are licensed and qualified to conduct HCRs. The HCR is becoming widely used outside of the HIP legislation for people who are looking for a Homebuyers Survey with the extras.No other standard Survey report provides an EPC and re-Instatement assessment as standard making the HCR exceptional for quality and value.The HCR cost is based on the size of property being inspected and is generally cheaper than a standard Building Survey. To learn more about the HCR or to request a quote please contact us.To view a sample HCR please click here | |
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