These inspections provide a range of detail on a property to the home buyer, from a basic valuation to a full structural condition report. In addition, specific reports on elements such as drainage systems or electrical installations can be requested. Prices for these new services are several hundred U.K. Pounds.
Commented Dan Friedmann, President and CEO of MDA: "The timing of this expansion is appropriate with respect to recent U.K. legislation requiring home sellers to provide Home Information Packs to home buyers before an offer is made on a property. Required by 2007, the Packs will provide a series of documents containing information about a property, such as property inspection reports and searches."
About MacDonald, Dettwiler and Associates Ltd. (MDA)
MDA (TSX: MDA) provides businesses and governments around the world with essential information solutions used for decision making. Operating from offices across Canada, the U.S. and the U.K., MDA is active in data collection, information extraction, and information distribution.