First home buyers guide for a successful personal property inspection and purchase
Buying your first house is an exciting milestone. You will have made what, for most people, is the largest financial investment of your life. You’re no longer at the mercy of landlords and you’re free to turn your house into a home.
In all the excitement, it can be tempting to rush the purchase process and overlook some important steps, like properly inspecting the building. Look at it this way: You shouldn’t buy a used car without giving it a test drive and getting a qualified mechanic to give it a look over.
Well, a house is a much larger investment and if you buy a lemon it can be much more expensive to fix. That’s why it’s important to complete a thorough personal inspection, building inspection and pest inspection before making an offer.
Once settlement takes place, any problems with the property immediately become your responsibility. And that could mean tens of thousands of dollars in repair and maintenance work that you have to shell out on top of the purchase price.
To help out all the first home buyers out there, we have some useful information about how to get the most out of your inspection opportunities before buying your first home.
Once you’re seriously considering buying a property, your personal inspection needs to reflect this. It’s a different process to the initial open inspection. While it’s important you still like the overall feel of the house, this is the time to take a serious and focused look at the potential trouble areas and money pits around the house.
Some key things to look out for are:
While it’s important to look the property over yourself, unless you’re an expert you won’t have a good idea what you’re looking for. What may look like a great house in perfect condition could be hiding a whole bunch of structural issues. That’s why it’s vital to get a professional building inspection from a licensed building inspector.
A building inspector will thoroughly check the property inside and out. They will examine all accessible structural elements, outbuildings like sheds, and external structures like fences and retaining walls. Once the inspection is complete, they will provide a detailed report that highlights any major damage or essential repairs, as well as recommending other minor repairs and even documenting any potential repair or maintenance risks.
Your building inspector should always be a third-party professional – that is, someone not recommended by or affiliated with the seller or their agents. This way you can be assured of a completely independent and unbiased report.
Any major issues with the property should be presented to the seller before purchase. You can then negotiate to have these issues fixed before purchase or adjust the purchase price accordingly.
Don’t take the risk
If you think you’ve found your dream home, you can’t afford the risk of it turning into a nightmare. Hiring the professionals to carry out the building inspections and pest inspections can help you to make the most informed purchase and avoid the massive repair and maintenance costs that come with buying a shoddy property.
Call us now on 021 143 2995 - Savvy Houz Inspections , www.savvyhouz.co.nz
Pre purchase home inspection company based in Christchurch, Savvy Houz Inspections