House Inspections: How to Avoid Buying a Dud
Given that your dream home might be the most expensive item you ever purchase, it’s crucial to do your due diligence before the big buy. A part of the due diligence is to ensure the property is in good working order before you sign on the dotted line.
While there are some defects which are obvious to the naked eye, there will be some only a professional can spot. Before purchasing your property, we would highly recommend calling in an expert to do a routine inspection on the condition of the house so that you have everything required to make an informed decision.
A professional will be able to:
- Uncover safety issues such as carbon monoxide, radon, mould and faulty wiring
- Document illegal additions or installations as those that don’t meet local building codes can affect your insurance, taxes, and home value
- Reveal pest and insect infestations
- Identify structural issues
- Pinpoint construction problems in new homes
- Meet insurance requirements
- Gain maintenance and improvement advice
- Document deficiencies to cover your liability
- Give you fodder for tougher negotiations
- Can include seller’s repairs in the contract if you wish to proceed
- Provide one last chance to retract your offer should the issues be too big for you to want to take on
As you can see, there are many issues that can arise with a property purchase, highlighting how key due diligence is. Your agent at Stockdale & Leggo can recommend a reputable building inspector to carry out a professional inspection for your future home, helping you to avoid the pitfall of buying a defunct home.