Purchasing a home is a dream come true. However, before buying your dream home, it is important to understand all the responsibilities that come with it. The financial burden of owning a property is substantial and undoubtedly a great deal.
So, regardless of the fact you are a buyer or a seller, it is essential to invest in the maintenance of real estate. The good part? It can be done anywhere and anytime and at any stage of purchase or sale of the policy.
Below are some of the different types of inspections that you must carry out.
Pre-Purchase Building Inspections
Once you have made up your mind to purchase a home, the first thing you must do is get a house inspection done. The assessment will inform you of any damage, pests, and mold that the naked eye can’t see. Existing damage can affect the property’s value, and you need to find it out before you make the negotiations. The inspection report can also help you expect maintenance costs. A good rule is to allow expenses up to 1% of the property value each year. This helps you plan your future expenses too.
New Build Inspections
Newly constructed homes also need a home inspection. Only trained inspectors can detect issues in brand-new properties. Certifiers might overlook defects in materials and workmanship. There can be issues like structural defects, drainage issues, electrical issues, and plumbing problems. The most common issues found are improper grading, foundation cracks, window leaks, missing switch plates, open grounds, incorrect piping, reversed cold/hot water in faucets, etc.
Building Maintenance Inspections
Maintenance inspections are necessary because the quality of any home doesn’t stay the same over time. So even though it had passed its pre-purchase inspection, there are high chances of deterioration. Maintenance checks help in ensuring the property is adhering to updates in the safety regulations. These frequent checks will make sure everything is working at its best and may also identify places that need minor refurbishing. Also, fixing these at the right time will save you from expensive and massive repairs in the future. Some countries take maintenance expenses as tax-deductible, so you could also get it done more easily!
Pre-sale Building Inspections
People think that buyers should only do inspections to avoid being trapped in a damaged house. But, it’s also important that you, a seller should, also get it done. This makes sure that you already know about possible structural or electrical problems. You get sufficient time and information to get it done and then determine the correct selling value of your property. For example, get your floors thoroughly cleaned, make a few renovations for walls, washrooms, electrical system, etc. You could also try to increase the security of your place by adding an advanced locking system. Now that all is done, you can go ahead and sell your home by quoting a higher price.
Not only do they help in identifying the damage, but building inspections also help in making sure the structures abide by the by-laws, especially when new renovations are done. The hazards present can invite penalties for non-compliance, which may go to a level that the owner may receive a demolition notice from the council.
There are times when people run for an inspection even when not necessary. Therefore, you should also know when you must not carry out an inspection and save money. For example, if your property is considered for demolition and site clearing or when the builder plans bulk renovations for your entire society.
In a nutshell, getting a building inspection done can keep you and your home away from health hazards or accidents. Remember to do it when it’s necessary and through experts only. With more than two decades of experience in authentic house inspections, Atlantic Building Inspections can provide their expert services for all your different requirements. We offer all kinds of inspections – from sewage inspections and mold inspections to a complete home inspection; and we won’t burn a hole in your pocket! Consult with us today!