Home Condition Report
A Home Condition Report (HCR) contains information about the physical condition of a property, which sellers, buyers and lenders will be able to rely on legally as an accurate report.The report can be part of the Home Information Pack, it can be included by sellers on a voluntary basis.
Benefits of a Home Condition Report
Sellers who provide a Report will have an early opportunity to carry out repair work on the property or obtain quotes prior to marketing.Buyers can use it at the beginning of the home-buying process to minimize the possibility of being faced with unexpected repair bills and other surprises.
Lenders can benefit by using the report to inform their valuations, reducing the need to repeat a detailed on-site inspection at the buyer’s expense.
The Government believes there will be significant benefits to home sellers if they top up their Packs to include the Home Condition Reports.
