A Home Condition Survey (HCS) is the perfect way to ensure the house you are buying is fit for purpose. The surveyor’s report is jargon-free and provides you with a simple 1,2,3 condition rating – but what does this mean?
A condition rating is used to indicate the presence of any defects in a property and also the severity of these defects. During an inspection, as each aspect of the property is considered, your surveyor will apply a condition rating of 1, 2 or 3, giving you an insight into any future work you might need to carry out.
Condition Rating 1
No repair is currently needed. Normal maintenance must be carried out.
Condition Rating 2
Repairs or replacements are needed but the surveyor does not consider these to be serious or urgent.
Condition Rating 3
Defects are present which are either serious and/or in urgent need of repair or replacement, or the surveyor feels that further investigation is required (e.g. if they suspect the presence of asbestos). When a condition rating 3 is applied, you may wish to obtain quotes for additional work prior to the exchange of contracts.
Buying a house is stressful and it is not always in the seller’s best interests to be fully open about its quirks and shortcomings. The Home Condition Survey puts you, the buyer, in control, allowing you to negotiate on price and accurately budget for any significant future home improvements.
In one of our previous posts, The Home Buyer’s Experience: Woodworm, a couple from Milton Keynes discovered the advantages of a survey when a serious case of woodworm came to light. Read the post here.