Making a decision to buy a home can be pretty exciting. Whether you want to get one as an investment property, a place more closer to town, or maybe something bigger for your growing family, whatever the reason may be, it’s one of the largest and most significant purchases you can make.
It’s important to think carefully about this decision. You could very well be living in it for a number of years (if not your entire life) and you have to know if it can withstand the test of time. Now, a building and pest inspection is nothing unheard of but unfortunately a number of people choose to forgo it.
There are a number of things to check in a potential house and it’s a good idea to get a professional in to do perform the relevant checks. Yes it will cost you a few hundred dollars, but it’s worth the extra expenditure as opposed to ending up with a nightmare on your hands.
Here are a few pointers that can guide you on your next house purchase.
Building Inspection – What’s going on?
If a house looks good, then it must be good! Right?
What’s better than a keen eye is an expert’s opinion. A building inspection covers what’s inside and outside with the latter including the condition of the fence, windows, drains, gutters and roofing or even the shed if the property has one. This kind of inspection will save you from the shock of having to spend $40,000 to replace the roof like this unfortunate family.
The interior inspection is bit trickier, but also very crucial. You have to inspect every room in the house. Cracks on walls seem to be quite common but you have to know if the crack can easily be fixed or if it’s caused by a more severe problem. As it is with the walls, there should be an evaluation of the flooring — it might be uneven or the boards used are already springy. Moisture leaks and mould are serious issues and if they are detected early it will save you a lot of trouble.
Pest inspection – Something bugging you?
Moving on to the pest inspection, thoroughly checking if a house has a termite problem is a must. It might not seem like a big deal or you might be tempted to remedy it yourself once you purchase the house. However, remember that it can be a recurring problem and it is a silent killer. Homes with wooden foundations or floorboards are at risk, so this important inspection should not be overlooked.
Find Credible Inspectors
Now you know some of the details that you will find in a building and pest inspection report. But how do you know if the person you hired has done a thorough job? It’s imperative that your inspector is licensed, qualified and has professional indemnity insurance. Queensland is the only state that regulates this industry, so if you’re in another state it’s important to check this.
Negotiating The Price
After getting the report and knowing how much you have to spend on the necessary repairs, it’s time to negotiate the price with the seller. Remember that not all properties have huge problems that will cost you thousands of dollars. The best way to get a reasonable discount is by showing the seller the amount you might spend on repairs based on the credible and accurate building and pest inspection report you have commissioned.