More vendors are wanting to use property logbooks in a bid to speed their sales and reduce the risk of fall-throughs.
That’s the claim of the Residential Logbook Association which says interest in the concept has blossomed since the launch of the Levelling Up White Paper by the government earlier this month.
The RLBA says every aspect of managing homes is moving online with property logbooks considered a way of keeping track of these digital updates on one platform.
“On top of this, logbooks help build a record of the property’s contents, creating a useful record that grows over time. Should the owner decide to sell up or re-mortgage, all information is available at their fingertips” says a statement from the organisation.
“We can support data that’s required to help evaluations of properties which will be useful for mortgage and insurance purposes. Our members are also working with local authorities to discuss the integration of logbooks for their portfolio” claims RLBA chair Nigel Walley.
The association says that as part of its growth it has most recently teamed up with PropTech firm Virtual Viewing, which specialises in new build blocks.