What is a Home Report?

Posted on 12th February 2021 in News

The first step that most people will take when looking for property is to request the home report, but for a lot of people, once they receive the document through, they have no clear idea on what they should be looking at. It can seem quite a daunting document at first, its long and full of jargon, but once you break it down it becomes much easier to understand.


So, what exactly is a home report? In short, the home report is a document (normally around 45 pages long), prepared by a qualified surveyor, designed to give potential buyers a clear overview of the condition of a property. We have broken down the four different sections of the home report to give you a better understanding of what you are looking at.


The Single Survey

The single survey section of a home report is an overview of the condition of the entire property. Surveyors will look at each element of the property (e.g. walls, roof, kitchen/bathroom fittings) and score it either 1, 2 or 3.

A score of 1 means that that no repair is necessary, a 2 means that some repair will be necessary in the future and a 3 means immediate repair is necessary. It is easy to become concerned by 2’s and 3’s in home reports however there is sometimes an easy fix or no need for concern, so always speak to the selling agent about any reservations you may have and talk through it with them.


The Mortgage Valuation

The mortgage valuation section of a home report is used by mortgage lenders to help determine whether they are willing to offer a mortgage on a property. Without a valid mortgage valuation section of a home report, a property would not be mortgageable.

This is also where you will find the value of the property.


The Energy Report

This is probably the most overlooked home report section. It provides an insight into how energy efficient the property is, as well as how environmentally friendly it is. Several areas of the home are scored out of 5 on their efficiency and environmental friendliness, as well as there being some suggestions of how to make your home more efficient.

The energy report also provides an estimate of energy costs for the home over a 3-year period. A lot of people are unaware that these cost estimates are in the home report and find they can be quite useful when trying to get a rough handle on what monthly bills could be like.


The Property Questionnaire

The property questionnaire is one of the most helpful sections in the home report – it is completed by the owner and provides information for the day-to-day running of the property. The owner will provide information such as the council tax band and parking arrangements – information you need to know for everyday life!

The property questionnaire also includes a list of service providers for the property (for example gas, electricity and broadband providers), so this section should be of great help before you move into your new home to help get all of your utilities switched.

Another key part of this section is the factoring information. This is where you will find out who the factor is, the costs involved and often what the factoring charges include. This is one of the most common things we are asked about as agents, so it is important to know most of the information you’ll be looking for can be found here.


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