Property is Sydney’s Inner West suburb of Newtown is very tightly held and getting your foot in the door into the property market here is definitely not easy.
Often buyers wanting to stay around the Newtown, Marrickville, Erskineville area will choose to renovate an older property to achieve what they want before considering moving out into Sydney metro areas.
As we mentioned in our previous blog, The Highs and Lows of Owning A Glebe Terrace, it is important to have a specialist carry out a Building and Pest Inspection before you buy an older property as there can be many hidden issues in houses built over 150 years ago!
There can also be many problems with houses built or renovated over the last 70 years, one being the use of asbestos in building materials. Asbestos-containing material (ACM) was widely used in Australia in the manufacture of residential properties from 1940 to the mid-1980s.
Asbestos has been used in over 3000 products so you can imagine the many tightly held homes, which have been lived in and renovated by the same families for several decades, may contain asbestos. We highly recommend before you take on a project that you have an asbestos testing audit carried out by a specialist, like James who operates in Sydney’s Inner West for Inspect My Home.
Once asbestos testing is completed, our reports will confirm the presence of any asbestos through testing at an accredited laboratory and a management plan will be provided.