Pre-purchase house inspection reports are of significant importance to buyers when looking to purchase their new property. This is because the pre-purchase house inspection reports will outline whether the property is worth the asking price, and any defects the property may have that could mitigate the asking price. These defects are usually not told to the buyer upfront, which is why it is crucial to obtain a pre-purchase house inspection report before buying. For many buyers, the task of going through the pre-purchase house inspection report can be a daunting one, and can overwhelm them as to what to look for and what to notice. So, these are some tips that potential buyers should look read through to get a better understanding of pre-purchase house inspection reports.
Reliable and reputable building consultant
The person who will be carrying out the building inspection report of the pre-purchase house inspection report should be a reputable and reliable building consultant, with vast knowledge and experience within the building and real estate sector. This is important, as the inspector should be able to identify any property defects that could affect the property and its future. Don’t be afraid to ask to see licenses, insurance and experience before going ahead with an inspector. The inspector should live up to your expectations.
Ensure that the inspector provides both pest and building examinations
It is important to get both the building examination, as well as the pest inspection, as both can affect your property and its future. The building examination will check for defects such as structural damage, whereas the pest inspection will check for pest damage which can also damage a properties structure e.g. Termites. It is worth paying extra for the pest examination, and thereby it is important that you can hire one building inspector who can provide both services.
Check the properties environmental credentials
The properties environment credentials include information about the building orientation, solar hot water, insulation, heating and cooling systems within the building. These are all important systems to be checking in your potential property, as they affect the comfort you will have when living there. Ideally, the building inspector you hire should also be able to provide these services.
Ask further questions, don’t just read the report
The documents can provide a lot of valuable information, but don’t limit your information intake from just the pre-purchase house inspection report. Ask the vendor lots of questions, so as to satisfy any answers you may require before making a decision. The property is a large investment, and you want to ensure that you have all the answers covered before investing.
If there are building defects, ask if you can live with it and if you can afford to repair it, if need be
Once you have the pre-purchase inspection report, the building report will tell you about any building defects. If there are minor ones, ask yourself if you can live with them, or if you are able to afford to repair them. Obviously if there are major defects then you should not go ahead with the purchase, however, minor ones can be adjusted or lived with so long as they do not prove to be a large problem in the future. It is important to ask yourself whether the defects matter to you, or if you can afford to fix it if you don’t like it, whilst still understanding that the asking price of the property is fair.
Overall, these are various tips that should be taken into account before purchasing a property, as it will allow you to see if the asking price is fair, and if the property is liveable in general.
Megan DeGrom was born and raised in New Jersey just outside the Pine Barrons. As a journalist, Megan has contributed to many online publications including Rotten Tomatoes and Variety. In regards to academics, Megan earned a degree in business from St. John’s University. Megan covers economy stories here at Clear Publicist.