HIPS: A nice little earner (not for us though)
Submitted by JG on Fri, 27/04/2007 - 10:00The Home Improvement Pack (HIP) disaster is slowly coming to the boil. The Law Society believes that Home inspectors could make up to £250 million a year on producing packs that never get used! If a property has been on the market for 6 months it will require a new HIP, leading to nearly half a million packs being pulped every year. With each one costing at least £500, the total bill would hit £250 million. Whilst 6 months will not be a legal requirement, in reality renewals will be required if the property is to sell. Nearly two million homes are put on the market every year, with a quarter going unsold after a year, it is estimated.