Property inspection checklist
Purchasing a property can be one of the largest investments you make, to avoid expensive mistakes it’s wise to use a property inspection checklist.
It’s only makes sense to use a checklist, particularly given the property being listed for sale will be presented in its best possible light. This can mean the greatest features of the property are emphasised whilst any flaws covered up.
The key here is to inspect the place thoroughly. This will allow you to establish if it’s the right property for you as well as uncover any flaws.
Check the contract of sale
A good starting point is to get an idea on regular costs like rates or strata levies, which should be listed on the contract of sale or obtainable from the real estate agent. Although you can’t contract these expenses it’s good to know particularly when factoring into your budget.
Check out any security systems too. Alarms, deadlocks and even window locks can all mean lower premiums on your home and contents insurance. Test the security features too to see if they are in working order.
Watch for damp or plumbing issues
When you’re completing an inspection keep an eye out for signs of damp – like bubbling paint or visible mould. Damp problems can often be fixed however it can create an unhealthy living environment, there can also be a considerable expense associated with fixing this problem.
Make a note to turn on the taps in the laundry, kitchen and bathroom. Poor water pressure can be frustrating to live with. On the other hand, ‘water hammer’ – a banging or vibrating sound in the pipes, indicates trapped air and can often be easily sorted.
Consider a professional inspection
To help you cast a critical eye over any property you’re planning to buy, Hunter Galloway has prepared a free property checklist. Download it and take a copy with you to property inspections to be sure you have covered all bases.
It’s also worth arranging a professional pest and building inspection. Many areas of modern homes – like footings and roof cavities, can be difficult to access, yet these can be the places where serious faults show up.
Your Hunter Galloway home loan expert can advise on how to arrange a pre-purchase inspection, contact us today. We do all of the legwork on your behalf so that you won’t have to worry about a thing.