The Ultimate Guide: How to Get a Home Information Pack in 2021

The Ultimate Guide: How to Get a Home Information Pack in 2021

Are you planning to buy or sell a property in 2021? If yes, then you need to know what a Home Information Pack (HIP) is and why it’s essential. In this guide, we will discuss the basics of HIP, including its requirements, benefits, and how to get a HIP.

What is a Home Information Pack (HIP)?

A Home Information Pack (HIP) is a collection of documents that contain vital information about a property. The aim of a HIP is to provide potential buyers with all the necessary information about a property before making an offer. A HIP typically includes the following documents:

• Energy Performance Certificate (EPC)
• Property Information Questionnaire (PIQ)
• Sale Statement
• Official Searches
• Leasehold Information (if applicable)

Why is it essential to have a HIP?

A HIP provides transparency and helps speed up the buying and selling process. It also reduces the risk of a sale falling through due to missing or inaccurate information. A HIP is a legal requirement for all properties on the market with four or more bedrooms. However, even if your property isn’t a legal requirement, having a HIP adds value as it shows potential buyers that you are transparent and organized.

How to get a HIP?

To get a HIP, you need to hire an accredited HIP provider. A HIP provider will ensure that all the necessary documents are in place and validated. Once the HIP is complete, it’s valid for six months. However, keep in mind that you will need to update the HIP if there are any significant changes to the property, such as an extension or renovation.

Conclusion

In conclusion, getting a HIP is essential if you want to buy or sell a property in 2021. A HIP provides transparency, speeds up the buying, and selling process and reduces the risk of a sale falling through. To get a HIP, you need to hire an accredited HIP provider who will ensure that all the necessary documents are in place. By having a HIP, potential buyers will see you as transparent and organized, which will increase the value of your property.