Heading along to a home inspection requires at least some degree of preparation. It can be intimidating for anyone, no matter how experienced you are.
If you arrange for an inspection by a professional before the sale goes through, the problem is still the seller’s, because you can usually withdraw your offer before the settlement of the purchase contract. But if you choose not to have it done, the problem, unfortunately, becomes yours!
Here is the checklist of house inspections and searches you need to get when buying a house, unit, or apartment.
Five things buyers should look for when inspecting a property
Make sure it is close to lifestyle attractions (transport, shops, parks, cafes, parks… )
Inspect the property at different times of the day, and at least once at night.
How long does it take to walk from the property to the train station or shops? If it’s within a short walk of the local shopping strip, you can add about 20% to the price of a property. You should also check with the local council to see if there are any plans for development or re-zoning in the immediate area.
4. Major faults and illegal building work
Buyers should look for faults, or hire a building inspector to look for them, before making an offer. Illegal building works or unbudgeted costs for repairs can be costly.
5. Light and Outlook
Make sure your living room and your back garden face north or north-west to get plenty of natural light year-round. A house with a view over water or parkland is also more valuable.
An old house can be seductive, but renovating or improving it can be expensive. You may need to save extra dollars for deposit to cover the costs.