What is a Home Report?

A Home Report is a pack of documents that give potential buyers information about a property for sale. This was introduced in Scotland on 1st December 2008. All properties that are advertised as for sale in Scotland must have a report prior to going on the market.

The report consists of three components:

1. A Single Survey
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• An assessment of the condition of the home (for example, the roof, internal and external walls, plumbing and kitchen fittings)
• A market valuation

2. An Energy Report

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• The energy report gives the home an energy efficiency rating. The higher the rating, the more energy efficient the home is, and the lower the fuel bills are likely to be. It also looks at the impact the home has on the environment, through carbon dioxide emissions. The report looks at features such as how well insulated the home is, and how it is heated.
• The energy report also recommends ways to improve the home’s energy efficiency and reduce fuel bills.

3. A Property Questionnaire

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The property questionnaire contains additional useful information about the property, for example:

• The property’s council tax band
• Parking arrangements
• Alterations that have been made to the property
• Whether there are any extra costs involved in living there (such as charges for the upkeep of communal areas).

How much does a Home Report cost?

The cost of a Home Report is depending on the value of your property and can range from around £400 up to and exceeding £1000.

How do I get a Home Report?

If you are selling your property using an estate agent or solicitor they should arrange for the Home Report to be carried out on your behalf. The single survey and energy report must be carried out by a qualified surveyor. The seller or their legal representative will be responsible for filling out the property questionnaire.

How long does a Home Report last?

A Home Report lasts for the length of time your property is on the market although if the date on the Home Report is longer than 12 weeks the purchasers’ mortgage lender may ask for an updated Home Report. It would be up to the buyer and seller to decide who will pay for the updated report although the expectation often is that the seller will pay for this

What if the survey finds a problem with my property?

It’s up to you to decide what to do if the surveyor identifies a problem with your home. You don’t have to fix the problem if you can’t afford it or don’t have time. However, bear in mind that the defect may affect the price you get for your home, so ask your estate agent for advice as to whether or not it will be worth putting the problem right.

If you have any further questions on a Home Report please do not hesitate to contact a member of the Blackadders Property Team who will be happy to answer any questions you may have.

Nahdean

Nahdean McLarty
Property Manager
Blackadders LLP
@BlackaddersLLP

www.blackadders.co.uk

 

New build homes the way forward?

With the current lack of availability of residential homes throughout Scotland, there has never been a better time to consider new homes either as a Purchaser or as a Developer.  At Blackadders, we have a proven track record in helping both purchasers and sellers alike within the new build market.  From a Developer’s point of view, the initial identification of a site and subsequent site acquisition is paramount and Blackadders are well placed to give advice on all pre-purchase aspects. As soon as a site is identified we can provide up-to-date sales information on what type of design and size of a house is selling along with a guide to eventual sales yield.

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From a marketing perspective, we have the proven track record of selling new builds and conversions, the most recent of which being the successful conversion of the Taychreggan Hotel in Broughty Ferry into luxury apartments and also the prestigious development within Trust House, Liff.

From a Developer’s aspect, it is important to ensure that the pricing is correct on every unit. It is not just a simple case of using floor area as the ultimate guide to value.  Every unit is individual and this coupled with the quality of finishes can make an enormous difference along with the location of preferred plots to the eventual sale price.

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Trust House, Liff

Our marketing strategies are usually bespoke to the Developer’s requirements.  However, a basic guide to our service levels would include working with the Architect, preparing brochures, signage, marketing materials and advertising the properties through various portals including Solicitors Property Centres, Rightmove and Zoopla, as appropriate.  We would also distribute the properties throughout our East of Scotland network and through both our national and international mailing list.  Our Sales Staff provide ongoing site appraisal reports and would work hand in hand with the Developer. The initial launch may include newspaper advertising and we would also use our contacts within the media to generate other publicity. We offer a 7-day service and extensive use of social media.

Every development is unique and we would undertake an individual approach to any marketing needs.

Should you have any queries whether as a Purchaser or a potential Developer please contact our New Build Team on 01382 342222.

MJPMartin Paterson
Director of Property Services
Blackadders LLP

@BlackaddersLLP
www.blackadders.co.uk

BLACKADDERS – CAMPAIGNING FOR THE SCOTTISH HOUSING MARKET

As part of our campaign to support the Scottish housing market and assist in overcoming the barriers to housing delivery, I am pleased to advise that we have renewed our membership once again for the organisation – Homes for Scotland.

Homes for Scotland plays an important role in ensuring that Scotland is building enough homes of all tenures to meet the diverse housing needs and aspirations of its growing population.  Homes for Scotland is involved with planning, developer contributions, housing policy, building standards, low carbon agenda and many other issues that impact on the Scottish housing market.

LDDLindsay Darroch
Partner
Blackadders LLP
@LindsayDarroch
www.blackadders.co.uk

Properties being sought in East Neuk, Fife

Blackadders are delighted to announce a new property display window within the popular East Neuk village of Anstruther – pictured above is Neil Fyall our Senior Property Manager, outside the new display within Rodger Street, Anstruther.

Blackadders’ Property Services Director Martin Paterson (who lives in Anstruther) comments:  “Over many years we have had many successful sales within the East Neuk of Fife and this display further enhances our commitment to offering property services within the East Neuk of Fife and St Andrews.  Having lived in Anstruther for over 30 years and being involved in the local property market for that time also there is no shortage of expertise in providing free no obligation valuations to all properties within the area.  Buyers traditionally are a mixture of families wishing an excellent family home and a safe and comfortable environment along with people looking for a first time buy or second home.  In years gone by second homes were particularly prevalent in Elie and Earlsferry but this has extended now to all villages throughout the East Neuk of Fife with particular interest recently in properties being sought in both Anstruther and Cellardyke.  Crail has always proved popular particularly with its easy access to some excellent links courses with Pittenweem and St Monans always proving popular due to the many historic and fine features”.

If you would like to arrange a Free, No Obligation, Marketing Appraisal of your home please give our Property Sales Team a call on 01334 800600 (7 days), and either Martin Paterson or Neil Fyall will call out to have an informal chat.

Blackadders LLP
@BlackaddersProperty

www.blackadders.co.uk

BREXIT JITTERS

I was interested to read research from consumer group Home Owners Alliance which advises that more than a million UK adults have shelved plans to purchase a new home because of the vote to leave the EU, economic uncertainty, mortgage restrictions and high house prices.  I also think that the possibility of Indy2 is having an impact in Scotland as are the changes last year to LBTT.  I will give you my March report as soon as I have further stats.

Lindsay Darroch
Partner – Head of Property
@LindsayDarroch
www.blackadders.co.uk

Perthshire Market Summary – March 2017

The spring market would appear to have started early this year with the number of new properties coming to the market and viewing figures both up considerably compared to 2016 statistics.  It’s still a great time to buy with interest rates held at an all-time low and banks offering finance with as little as a 5% deposit.  We also have a stable market in Perthshire with no dramatic price swings in recent years with many properties selling for around Home Report valuation.

10 Reasons to use Blackadders to deal with your Estate Agency and Conveyancing:

  • Estate Agency and legal teams all under the one roof
  • Members of Scotland’s Solicitors Property Centres giving your property maximum exposure
  • Efficient and cost effective – one firm dealing with the entire transaction
  • Lawyers on hand to answer any technical questions from interested parties regarding title deeds
  • Experienced negotiators helping to obtain the best price for your property
  • Offices throughout Scotland with local property teams who have local property market knowledge
  • Up-to-date buyers’ database
  • Full service firm including advice on asset protection, wills, divorce and family law, wealth management plus access to residential and commercial finance
  • Highest professional standards
  • Trustworthy and accountable as we are regulated by The Law Society of Scotland

Euan Stewart
Property Valuer – Perth
www.blackadders.co.uk

COME FLY WITH ME – PART II

Readers of my blogs will know that I am a great advocate for the City of Dundee and think that the improvements that are taking place under the guidance of the Council are absolutely wonderful.  This includes not only the V&A but also the new railway station, Malmaison, various hotels and other regeneration projects.  Like most Dundonians, I was very disappointed to hear about Flybe’s decision to cancel its direct flight from Dundee Airport to Amsterdam.   I would call on the Scottish Government to take steps to rectify whatever caused Flybe to cancel this flight and should it be the infrastructure and technology available at Dundee Airport then this should be rectified as a matter of urgency. If this cannot be rectified then I would urge the relevant authorities to consider creating a hub airport at Leuchars.  Not only would this be a welcome investment into central Fife, it is vital to Dundee and the surrounding area that there is a local, regular international airport connection.  This would allow Dundee to build on the momentum of the V&A and would also increase the number of visitors to Dundee or, at the very least, make it more likely that they stayed in some of the new accommodation being built in the city.

Lindsay Darroch
Partner – Head of Property 
@LindsayDarroch
www.blackadders.co.uk