A Guide To Understanding The Pre-Purchase Inspection in Christchurch: Concept, Costs, And Benefits
A pre-purchase check is a thorough examination of your home. It provides an unbiased opinion on the condition of your potential new home. It can be conducted by a qualified building inspector or experienced real estate agent. This guide will explain what a pre-purchase inspection in Christchurch is when needed, why it is important, and how much does it cost?
What is a pre-purchase inspection?
A pre-purchase check is a non-invasive visual analysis of the property’s condition or other aspects. It differs from a building inspection because it does not involve invasive inspections, tests and measurements.
This inspection will cover all aspects of the property and includes:
- Roofing (eaves, gutters, fascia boards, flashings etc.)
- Cladding (exterior walls)
- Windows/doors (condition and security locks)
- Foundation/flooring/walls inside exterior walls
When do you need a pre-purchase inspection?
You should consider a pre-purchase inspection if:
- You are purchasing an older property or one that has been extensively renovated.
- You are planning on making major renovations and want to know what work may need doing before proceeding.
- You are buying a property that is located in a flood plain.
What does it cover?
It’s important to understand what a pre-purchase inspection covers. First, the inspector will go through all aspects of your new home, including structural integrity, electrical safety, plumbing systems, heating and cooling systems, and other areas important to you as a homeowner (such as pool fencing). The inspector will then present his findings in written form and photographs if necessary so that both parties can agree on what needs fixing before settlement day. It may sound like a lot of work but having this information upfront means there won’t be any nasty surprises once settlement day comes around – which could have been prevented if only someone had done their research beforehand!
The cost of a pre-purchase inspection.
A pre-purchase check usually costs between $300 and $600. That’s a fraction of the purchase price, so it shouldn’t be much of an issue for buyers to cover it. The cost depends on the size and age of the property, but as mentioned before, most sellers will pay for it themselves or offer to split the cost with you.
Benefits of a pre-purchase inspection.
By having a pre-purchase examination done, you can make an informed decision. You’ll know what you’re getting into before committing to buying the house. In addition, it can help avoid major problems and costly repairs later. Some of the benefits include:
- Protect your investment: A pre-purchase inspection will help you avoid losing money on a bad investment. You’ll know whether it’s worth buying, and you can make an informed decision about the property.
- Give you peace of mind: A pre-purchase inspection will give you peace of mind that your investment is sound and safe. You’ll know what you’re getting into before you buy the property.
- Avoiding expensive repairs: A pre-purchase inspection will help you avoid expensive repairs and major problems later on. You’ll know if there is any problem with the property before buying it, so you can make an informed decision about whether to buy it or not.
- Maintaining the value of your home: A pre-purchase inspection will help you maintain the value of your property, which is important if you’re planning to sell it in the future. In addition, you’ll know whether you need to make any repairs or renovations before putting it on the market so that potential buyers aren’t turned off by what they see.
- Lowering your insurance costs: A pre-purchase inspection will help you lower your insurance costs by identifying any issues with the property.
- Tell you about the condition of hidden features and areas: A pre-purchase inspection will help you identify any issues with hidden features and areas of the property, such as foundations or walls. It is especially important if you’re buying a home that needs to be renovated or restored.
A pre-purchase inspection in Christchurch is an extremely useful tool for anyone considering buying a property. It can help you determine any potential problems with the property, allowing you to make an informed decision about whether or not to purchase it.