HOME CONDITION REPORT

A RICS Home Condition Report provides a detailed report on the condition of a property. It is used to identify risks, urgent defects and highlights any potential legal issues or issues likely to affect the value of the property. The report is beneficial for both buyers and sellers.

Often used by potential buyers at the beginning of the home buying process, the RICS (Royal Institution of Chartered Surveyors) Home Condition Report provides details of any major defects and risks within the property. It ensures the buyer is not met with unexpected repair bills and other unforeseen, potentially large, costs.

This report is often advantageous to sellers. Sellers in receipt of a Home Condition Report have an early opportunity to carry out repair work or obtain quotes prior to marketing the property.

Mortgage lenders can also use the reports to carry out informed valuations, reducing the need to repeat a detailed on-site inspection at the buyer?s expense.

What does a Home Condition Report contain?

The presence of a Home Condition Report provides the sale process with documented transparency. It facilitates the confidence and security a buyer requires to make an informed decision on the purchase of the property.

Whether you are a buyer or a seller, a Home Condition Report will help ensure a smoother, more successful transaction.