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Home condition report gets strong backing from buyers and sellers

Consumer trials of the home condition report have shown strong support among buyers and sellers.

The trials, carried out by the Building Research Establishment, show that 95 per cent of buyers find the HCR useful and 88 per cent of buyers and 78 per cent of sellers believe the HCR accurately reflected the condition of the property.

Eighty-nine per cent of sellers and 79 per cent of buyers describe it as very useful while 54 per cent of buyers who had bought a home previously say the HCR is more useful than surveys or reports they had used in the past. Estate agents are also positive, with 70 per cent describing the report as useful and 55 per cent saying it was advantageous to them to have the report available for homes they were marketing. Only 10 per cent say the HCR hindered the sale of a home.

Housing minister Keith Hill says: “It is interesting to note that despite initial reservations by some estate agents, they ended up being generally positive. The pilot studies have produced a number of helpful suggestions that will improve the report and inform the training regime for home inspectors.”

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