The Building Evaluation Report: how to read it before buying an older flat
What Spain's Building Evaluation Report is, what a buyer should ask and how it affects refurbishment aid in Madrid.
1 min read
When buying in an older building, the flat's condition is only part of the picture. The state of the building may weigh more on your budget. One document helps a lot to understand it: the Building Evaluation Report (IEE), or the technical inspection that applies in your municipality.
What it looks at
A technician reviews aspects such as upkeep, accessibility and energy efficiency. It can point out defects and deadlines for fixing them.
What you should ask
- Is there a valid report, and what was the result?
- Are any defects outstanding?
- Have works or special levies been approved?
- Who pays for what is already approved?
- Has any aid been requested or granted?
Refurbishment aid
Madrid City Council includes the IEE and the community's agreement among the documents for some of its refurbishment aid. Check the current call, as requirements change.
How to read an unfavourable result
It does not necessarily mean you should drop the purchase. Ask for a quote for the works and how much would fall to you based on your participation share. With that figure you can negotiate the price or decide not to proceed.
Other signs
- Damp in shared areas.
- Cracks in the facade or entrance.
- Very old installations.
- A lift awaiting adaptation.
If you are serious about a home, a visit with an independent technician is usually money well spent.
