Several home buyers fail to check the electrical safety of the property they are planning to buy and mistakenly assume that a survey will do that and this leaves them at a risk of electric shocks, fire or high bills.
Buyers are therefore urged to make sure if the home has a quality electrical work by getting an Electrical Installation Condition Report.
You should check many items while buying a property including roof, boiler, leakage, structure and more. Several of these are taken up by surveys.
However if you want the electrics checked, you’ll have to conduct a separate examination by an electrician. And this very important inspection is not conducted by around 67 percent of home buyers.
The expenses of rectifying electrical issues after moving in a new house averages around £2,000, with some even reaching as high as £10,000.
Electrical safety is on the 6th position in the list of 10 considerations while buying a home, with the other considerations being structural work, neighbourhood, damp, subsidence and boiler among the first five.
Electrical checks can be easily skipped. However, not performing an EICR considerably increases the risk of additional costs and fire and electric shocks to the buyer and their family.
It’s advisable to use a registered electrician to conduct a quick and comparatively low-priced inspection to make sure what exactly you are getting when you purchase the property.
EICR – What is it?
The EICR or Electrical Installation Condition Report examines the state of wiring, sockets, switches and any other power sources in the home to make sure if they meet the international safety standards.
Just like a home or building survey, you can do this before you exchange the contracts on a home purchase.
The examination should be conducted by certified electricians who will do a visual examination to spot any broken or overloaded power sources along with electrical testing to ensure all the connections are right and safe.
Costs of these inspections vary according to who you hire and where you live, but you can expect to pay from £140 to £200. But you may also have to pay extra if something has to be repaired but this will help you negotiate on the purchase price.
It’s not legally needed to get an electrical report while purchasing a home; however, for Scotland landlords it’s legally required since December 2015 to confirm if their rented houses are electrically safe by submitting regular reports or they may incur fines. They have to provide a copy of an EICR to a tenant moving in their property and the report should accompany a Portable Appliance Test for portable objects like microwaves.
However this rule is not applicable to the landlords in Northern Ireland, England and Wales.