An HCR contains information about the physical condition of the property. It is prepared by a Home Inspector, who can also prepare EPCs. The HCR provides an objective report on all parts of the property, meaning that potential buyers can understand the condition of the property before making an offer and where repairs are required, the extent and possible cost of these. If an HCR is included, offers can be made based on the facts about the property and therefore the sale
is less likely to fall through or the price be renegotiated.
A HCR is a voluntary document and for the average property will cost approximately £200 - £250 on top of the
required documents. Many buyers and sellers have found them very useful in the trials. You might consider
using a HCR if you believe:
- Your property is in good condition, you want a quick sale and you want to show potential purchasers that there are not hidden problems.
- That your property is in better condition than others in the area, or has significant features that will help you achieve a better price.
- Your property needs work in some areas and you want to identify these in an objective way, thereby stopping purchasers trying to drive down the price by over-exaggerating the costs involved.
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