Home Condition ReportA basic professional assessment of your property’s condition
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Home Condition Report
As a ‘budget surevy’, Home Condition Reports (HCRs)are ideal for helping vendors identify any defects prior to putting their property on the market. However, they are a more limited report than RICS Homebuyer surveys.
HCRs can also be useful for buyers who want more information than provided by the copy they’ve been sent of their mortgage lender’s valuation report (which simply assess the property’s market value).
Home Condition Reports are prepared by accredited Home Inspectors, who may or may not also be qualified chartered surveyors, although there is an RICS version called the ‘RICS Condition Report’ (N.B. Home Inspectors will be members of an Accreditation Scheme run either by SAVA or The BRE).
The inspection is more limited than for Homebuyer surveys and the report is written in a standard format with very brief descriptions, although it uses the same easy-to-understand ‘traffic light’ condition ratings to grade defects.
Unlike a Homebuyer report no advice is provided on the causes of defects or suggested repairs/solutions, and no market valuation or insurance reinstatement figures are included.
These are very straightforward surveys suitable for modern houses where no significant problems are anticipated.
If you are uncertain on which type of survey is best for your property please check our descriptions explaining on the differences between surveys, or give us a call.