The government started the home report system back in 2008. Since that time, any home for sale in Scotland must have a home report. There are some exceptions, newly constructed homes for example, but for the most part, anyone selling a house needs to provide prospective buyers with a home report. The report is intended to give buyers all of the necessary information for them to make an informed decision before making an offer on a property. Home reports are divided into three parts; the single survey, the energy report, and the property questionnaire.
This part of the home report provides a great deal of information about both the condition and the value of the property for sale. If there is a damaged roof, leaking plumbing, or any other problems with the house, it must be disclosed in the single survey. This survey must be performed by a qualified Chartered Surveyor and RICS registered valuer. This report also contains an accessibility audit which is useful for people with young children, elderly people, or people with disabilities.
This section of the home report gives the home an energy efficiency rating. A higher energy efficiency rating means that you are likely to have lower utility bills. The energy report also contains information on how to improve a home’s energy efficiency, helping to further reduce fuel bills. The energy report also provides information about the environmental impact of a home in terms of carbon emissions.
The energy report is usually prepared by a Chartered Surveyor but may also be prepared by a Domestic Energy Assessor. The energy report will give a building a rating on a scale of A through G with A being the highest and G being the lowest rating.
This portion of the home report is completed by the person selling the home. It will contain information not found in the single survey or the energy report. This portion of the home report will contain things like Council Tax banding, parking arrangements, any additional costs for living in the building (such as a Homeowners Association fee for maintenance of common areas) and there may also be information about any alterations that might have been made to a property.
As mentioned earlier, the home report is intended to give prospective buyers as much information as possible so that they can make an educated decision before making an offer on a piece of property. It ensures that buyers are well informed so that they will not run into any expensive surprises after buying a piece of property.