HIP hoppaty FLOP

May 22, 2007 42 Replies

Can I find the details on the net?

Mary

Absolutely not. The HIP of any house I am looking to buy will go in the rubbish. And when I come to sell my house, the cost of producing this nonsense will go on the selling price.

The magic word is RDSAP (reduced data SAP).

The methodology is in SAP 2005 Appendix S, though this is really meant as a guide for those writing RDSAP software (something I've not done). SAP 2005 is a free download at

formatting link

Waaaaaaaaaaaaaaahhhhhhhhhhhh.........!

I think I can manage without that, but thanks :-)

Mary

I agree. It never ceases to amaze me when I look at purchasing a flat that the owners often have no idea how long the lease has left to run or how much that they pay in maintance fees.

Do they think that a prospective purchasor is going to buy without having the answer to these questons?

tim

This is miss-reporting.

The fine is 200 pounds PER DAY.

tim

Because *I'm* not paying for it. In reality, the cost *will* be put on the sale price.

Oh, I shall make sure they know exactly why the house costs GBP750,623.56 as opposed to GBP750,000.

I read one report in one of the Sundays a couple of weeks ago where the bemused homebuyer was having a good old rant about his new HIP, particularly the fact that notwithstanding the fact that every single one of his lights was fitted with a CFL, the efficiency of his lighting arrangements was noted as being "very poor" (because of the conventional light fittings). He'll be even more pissed off now that the cash he spent on the HIP was wasted too...

David

If it's rubbish why do you think the buyer will pay you more? The amount you've spent on HIPs, Moben kitchens, overpriced double glazing or anything else is of no interest to a buyer.

All cash spent on HIPs is wasted.

But if every comparable house has to have a HIP then the buyer will end up paying more. Human nature will be to add that cost to the price of the selling house, rather than subtract it from the money they will buy their next house with.

I doubt that we'll ever sell our house but what concerns me, if we ever have to, is that although has every energy saving device possible it was mostly installed years or decades ago so doesn't have the necessary documentation so it probably won't count.

It's political madness.

Mary

No, when you sell a house you're a price taker not a price setter. The buyer won't pay you any more; indeed if they were buying to tart up and sell on (with a new HIP) they might even offer a little less.

Is that actually a factor in Scotland though? ;-)

At this time of year we're getting more daylight than you are!

Owain

On Thu, 24 May 2007 21:50:06 +0100 someone who may be Andy Hall wrote this:-

It is actually as important. Although the sun is often a little less intense than say the Isle of Wight this is balanced by the longer summer days.

I wish people would stop going on about how much better "the Scottish system" is. It isn't. It's even crapper than our existing system. All this nonsense about "offers over", where the "over" can be

25% (or more) of the asking price, sealed bids and no chance of revising them. Every potential buyer having to get a survey.

All we need is to make the offer & acceptance formally legally binding and we're sorted.

Can you save some up and send it down in the winter?

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