- Posted 19 Jan
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If you’re in the process of purchasing a new home, you’re going to be thinking about a lot of requirements needed to close on your new investment.
Assuming you’ve found your dream home, you may want to curb your enthusiasm until you’ve finished the process of the building inspection. This is a required and necessary part of the home-owning process.
Hopefully, at the end of your inspection, you’ll find that everything checks out and that you’re new home is everything you thought it would be. Also, you’ll be praying that it doesn’t show that your dream home is, in essence, a money pit…
Here’s a checklist for optimising your building inspection so you don’t end up with something that’ll cost you more money to fix.
1.Cracks in Windows and on Walls
Make sure there aren’t any obvious cracks around the windows and walls when you’re doing your inspection. These can indicate some serious problems with the integrity of the home, such as shifting foundations that can ultimately lead to major repairs being required. A certified building instructor should pick this up in their inspection.
If the house is near busy highways or thoroughfares, this can lead to up to 10% reduction in overall property value.
Make sure if you’re close to noisy streets, that at a minimum, you have double glazed windows to help block out any unwanted noise. This is something to keep in mind if the house doesn’t have these installed already.
3. Sagging Ceilings
When inspecting your home, make sure to look up! The ceilings of your new home are important to check to see if the ceilings are sagging; this can be a real indication of a leaking roof. This will mean you may have to pay for costly roof repairs, or, in the worst-case scenario, have to put a new roof on.
If the house is something you really want, this should be a bargaining chip to use to bring the cost of the house down, or to ensure that it’s fixed prior to you moving in.
Don’t neglect the gutter system of your potential home. Make sure to inspect for rust. Also, be aware that bad drainage systems can lead to rotting and problems with the foundation of your home. Again, a certified building inspection report will advise on these types of things.
Does the home have “good wood”? You’ll need to know! In particular, you want to inspect the timber of the home, looking for termite damage. These little critters can cause major problems; the main being that they can eat away at the timber which constitutes the skeletal framework of the home. Bad timber=bad framework=major problems. A building inspection will pick this up and if this is present, a rethink of whether the property is right for you might be in order.
Everyone loves the idea of having a home that has an exterior surrounded by old trees.
While an arboreal exterior can add great value to the home, if the trees are too large and/or too old, this can actually be a detriment in the long run.
If such trees are too close to the house, you’ll run the obvious risk of these trees cracking in a storm, knocking some serious damage into your home.
This checklist includes just a few of the things you’re going to need to look out for when you become a homeowner. A proper inspection by a building inspector is going to be your best option, as they’ll pick up even more issues (if there are any) and provide you with exact requirements to bring the house up to standard.
If you’re going through the stage of looking at homes, make sure you have your own checklist of what you want and what to look out for. If you need help with finance, call our team today to chat about your options.