Home Report property health check

The introduction of the Home Report will mean that potential buyers and sellers of properties will have to have a lot more information about the health of a property before any offers are made. The Home Report Survey however, could yield some unexpected surprises and significantly increase stress levels if not dealt with early in the property sale process.

With the Home Report being closer to a chartered surveyors ‘scheme 2 type survey', it is reasonable to expect that it will be more likely to include previously hidden or undetected defects such as dry Rot, woodworm or rising damp than the previously more common ‘scheme 1 valuation survey'. With defects such as dry rot classified as the most serious category 3 type defect and mentioned in the Home Report survey document, it may cause more problems than you suspect!

How will a property health check affect my Home Report?

As the Home Report is potentially a sales tool for the condition of the older property, serious defects could well have the effect of discouraging potential purchasers or worse still, seriously impact on the expected offer value for the property.

Save hassle! Get a preliminary Home Report property health check

There is good news for the seller in the form of a Wise Property Care Home Report property health check, which can be supplied with hidden defects insurance. For a fee commencing in the region of £100 (payable from the proceeds of the sale), Wise Property Care will conduct a thorough property health check of the property and where defects are detected, will give a detailed specification and provide a competitive estimate for eradication of the defect. Its then up to you as to:

1) Market the property with the Wise Property Care health check report and estimate and allow the purchaser to bid on the property knowing the likely extent of the works required.

2) Have the work carried out, taking advantage of the Wise Deferred Payment facility, and sell the house with a credible 20 year guarantee by a reputable Specialist Contractor on the rectified defects and a Hidden Defects Insurance covering the remainder of the property.

The advantages for opting for the second option are:

• Peace of Mind for both parties and works carried out at the seller's convenience.
• Likely-hood of full value bids from the reassured purchaser.
• Seller confidence in selling a defect free property with protection for the purchaser from the "Hidden Defects Insurance".
• Less stress from "the Unexpected" that can so often arise during the process.

Find out more about Home Report property health checks

For further information regarding our Home Report property health checks, contact Wise Property Care 0800 65 22 678 or click to find your local branch.  Alternatively, click to complete our online contact form and we will arrange for one of our specialists to call and provide you with further information.

To find out more information regarding Home Reports, visit our about Home Reports web page or to find out what you can do to prepare for a home report, visit our property care hints & tips web page.