- Real Estate
Basic Features of the Pre-Purchase Inspection
A homeowner hoping to put a property on the market is only likely to be confident it is fit for sale once an in-depth pre-purchase inspection is carried out. An inspection of this type is required to make certain a property is structurally sound. A pest inspection can also be completed at the same time, which will look for such destructive critters as termites. If problems are detected in the process of completing the inspection, these can be rectify at the earliest possible opportunity, which should mean that everything is in good order for when the potential new owners comes to view the property.
Main Steps Involved in a Pre-Purchase Inspection
A full and in-depth building inspection is essential a process to establish that no pre-existing damage or flaws appear in the property that have the potential to cost a lot of money to repair for either the buyer or seller. A skilled and qualified inspector will visit a property to examine all parts of a building to search for signs of damage. Common issues scrutinized include the doors, windows, plumbing, timber, guttering, ceiling to the main structure parts, such as the walls, foundation, and roof (inside and out).
On completion of the inspection, a detailed report is provided, which lists any areas of the property that might require attention. In the case of a dual report, were it is necessary to complete a pest inspection, the professional will search for signs of any destructive pests on the property. Termites for instance can be highly destructive and difficult to detect, so it often benefits to use the services of a professional to search this type of pest.
With a detailed report in their hands, the existing property owners are more able to make a well-informed decision on the best course of action to rectify any problems uncovered. In general it is a case of having all the work highlighted in the report carried out prior to putting the house on the market or make a reduction in the for sale price – in this case, the new owners would take on the responsibility of repairing the defects.
The Positives of Commissioning a Pre-Purchase Inspection
A key benefit to commissioning a pre purchase building inspection is that it puts the existing home owner in full control and they are fully aware of the concerns that might affect the sale of the property. It can be a significant concern if a major defect is found in a home after it has been placed on the market – especially if the funds aren't there to rectify the issues at short notice. A full building and pest inspection goes a long way to limiting a need to undertake last-minute repairs or being put in a position where it might be necessary to lower the market value or delay the sale of a property.