HIP – Home Information Pack
Conscientious approach to buying and selling homes or bureaucratic complication imposed by a nanny-state? As from April 6th 2009 anyone selling a house must possess a Home Information Pack prior to marketing.
In Green terms, the HIP pack is crucial. The inclusion of an Energy Performance Certificate is expected to considerably influence people’s decisions when buying a home. Even if buyers are not environmentally conscientious, the impact a property’s energy rating has on heating/running costs, should certainly feature highly when accessing a purchase price.
The HIP provides proof as to whether or not a home is well heated and well insulated; if it’s not, then it’s very likely to affect the property’s price. It is estimated that without double glazing, a property will achieve around £5,000 less than the market value. Put simply, to get the best market value a property will need to be double glazed.
Whether they will have any effect, other than raising the blood pressure of potential sellers; HIP’s are with us for the indefinite future. Click here for more information.
Tags: double glazing, Energy Efficiency, HIP, Home Improvements