September 27, 2013
Your offer has finally been accepted and the excitement is building. Just a few more hurdles and you can book that removal van
But having seen the property only two - three - maybe four times, it’s a little daunting. You’re about to make a decision that has serious consequences. Are you ready to commit?
Buying a house is a BIG step. It’s probably the largest financial investment you’ll make, so while it’s exciting, you want to be sure that the house measures up to careful scrutiny. You don’t want to discover you’ve bought a lemon that could cost you for years to come.
Arranging a pre-purchase house inspection could be your best form of insurance. An inspection report is a small price to pay when compared to the value of the house - and it could ultimately save you thousands!
By having an independent inspector check the overall structure, you will be better informed about what you’re buying, and you’ll know there are no hidden surprises around the corner. You’ll also be in a better position to negotiate the final price with the vendor.
So What Does A Pre-Purchase Inspection Involve?
A comprehensive inspection will cover about 250 items of a house - a top-to-toe assessment of the structural elements both inside and out as well as the general condition of the property.
The house inspector will alert you to any areas that need immediate attention and can offer advice or recommendations as to how to tackle the problems. They can also suggest simple things you can do yourself, to keep on top of maintenance.
Make sure the property inspector you choose is a qualified builder with on-the-job experience in the industry. You will need someone who can identify those faults or potential problems that, if over-looked by an untrained eye, could result in costly damage in the months ahead.
A builder has the know-how and the experience to assess a situation and determine whether it is serious or not. They can look beyond the cosmetic and inspect the structural and maintenance aspects of the building. And most importantly, they will take the emotion out of the equation!
A good building inspector won’t tell you not to buy. Their role is to advise you on the situation as they find it. It’s a factual assessment only. Every house has individual issues and every buyer’s situation is different. What might be a challenge to one person is a dream house to another.
Remember that everything can be fixed at a price - so it depends entirely on the purchaser as to their level of commitment, or even their sense of adventure! It’s important too that you put things into perspective - spending $1,000 to address an issue now is negligible when you weigh it against the value the property will accrue over the next 7-10 years. Issues don’t have to be deal breakers.