Believe it or not, it seems most Australians spend less than 62.5 minutes inspecting a property they intend to purchase. A thorough inspection with our property inspection checklist will save you money on experts like property valuers. Discard unsuitable properties before paying for the necessary property due diligence checks to be done, like ordering a property valuation.
A national survey commissioned by St. George Bank found the average Australian home buyer will inspect 12 properties before finally settling on a purchase. However, once they decide on the actual house they plan to buy, most only spend about an hour (in fact 62.5 minutes) inspecting it. Unfortunately, unlike a faulty appliance, once the contract settles on a house there’s no refunds.
The first step should be to thoroughly inspect the house yourself. There are many problems you can look for before the property professionals are brought in. Money can be saved on professional services before you bring in the building and pest inspector and the property valuer by following a few simple tips. Rule out properties that aren’t up to scratch.
It’s important not to start negotiations without the relevant information. Before you call in the inspectors, real estate valuers or solicitors, go through our property inspection checklist and consider more carefully any properties which show any of these signs. Taking these small steps to inspect the property thoroughly yourself and then calling in the property experts in the right order can save you time, money and heartache in the future.
Here’s our checklist of what to look for before engaging the property professionals:
- Stains on the ceilings – These can be a sign of drainage issues and roof leakages, which can be a major (and expensive) issue to fix
- Faulty Plumbing – Turn on a couple of taps at once and check for things like low water pressure and water hammer
- Cracks in the driveway – These can point to drainage problems in the yard, another expensive problem
- Blisters or bubbles on paintwork – These may indicate termite activity, water leakage or a poor previous paint job
- Open all windows and doors – This may sound strange, but you don’t want to move into a house to find a couple of windows have been accidentally painted shut or can’t be opened due to movement of the house.
- Sloping or bouncy floors – These might mean stumps below the house need replacing – a costly fix
- Appliances – Check the condition of the oven, dishwasher and air-conditioning units. You don’t want to pay for appliances that don’t work properly
- Cracks in the foundation, ceilings and walls – These indicate movement of the structure caused by settling and soil expansion
- Smoke detectors – We’re not saying light a small fire just to be sure, but press the test buttons on all the smoke alarms in the house to ensure they’ve been maintained properly
- Floors and carpet – Check these for wear and tear as well as for moisture damage.
Engage the B&P inspector before the property valuer. At times our clients have spent money on a valuation only to find out from the Building Inspector that the house has some serious foundation flaws. The cost of the valuation could have been avoided if the building inspection had of been conducted first.
Also, it’s a good idea to provide a copy of the building and pest reports to the valuer so these can be taken into consideration.
I hope this helps you to save money on your next property purchase. Once you’ve followed the checklist and done your inspection give us a call and we’ll put you in touch with a great building and pest inspector. If you’d like to get a quote or to book a valuation click here and you’ll be surprised as to how quick we’ll get back to you. If we can be of any assistance with any further information please contact us on 1300 302 581 or firstname.lastname@example.org.