EICR When Purchasing Or Selling A Property
EICR When Purchasing or Selling A Property
Your home is probably the largest purchase you will ever make, so it makes sense to do what you can to help avoid any unforeseen expenses in the future. Plus, there are safety considerations. If the previous owner fancied themselves as a bit of a “DIY master”, who knows what damage they might have inadvertantly inflicted on the property’s electrical installation, so it pays to get it checked.
It is always recommended that an Electrical Installation Condition Report (EICR) is carried out prior to the purchase of your new home, to establish the overall condition of the electrical installation and to determine if any remedial works, or even a full rewire, are required.
As well as it being recommended for a buyer to have an Electrical Installation Condition Report (EICR) carried out before buying a house, it is also recommended for a seller to have one carried out before selling. It is not a legal requirement for the property owner to do this but mortgage and insurance companies are becomming more aware of the importance of having EICR’s conducted at the change of property ownership.
An Electrical Installation Condition Report (EICR) will provide you with the information required to make an informed decision regarding any potential works required on the property. The EICR can also be used as a negotiating tool on the purchase price too, so any identified works could be accounted for in the offer made for the property, potentially saving thousands on the cost of buying the property.
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