select
|

Home inspections can benefit buyers and sellers

Regardless if a property buyer is purchasing their first home or adding to a growing investment portfolio, buying a property is a big commitment that should not be entered into lightly, says Adrian Goslett, CEO of RE/MAX of Southern Africa.
 
Goslett notes that for this reason, buyers should consider having the home that they are interested in inspected by a trusted professional to ensure that they are making the correct decision. While the home may be aesthetically pleasing, it is important for buyers to look past that and check the integrity of the components that make up the property in order to ensure that the purchase won’t end up costing more in the long run.  
 
It is often very difficult for buyers and agents to identify any mechanical or structural problems the house may have as it is not their area of expertise.  Having the home inspected could provide the potential buyer with an estimated cost of any repair that is required, before they sign on the dotted line. “Knowing whether or not there are any problems with the house will allow the potential buyer to make a more informed decision.
 
He adds that a home inspection will not just benefit buyers, but in certain cases sellers as well. “Sellers who are looking to list their property on the market can have their home inspected to offer buyers the potential peace of mind that they won’t have to face any costly repairs straight away. If a seller has their home inspected, they can also see to it that any repairs that need to be carried out can be completed before they list their home,” says Goslett. “A property that is in good repair will attract a greater number of buyers when listed. It will also more than likely attain a higher sales price than a home in the same area that is in need of repair.”
 
According to Goslett, even if a homeowner is not selling their property, having a professional home inspection can assist them in maintaining their greatest investment to ensure future appreciation. An inspection can uncover minor repairs before they become major problems. An inspector can check for damage to the foundation of the home, any faulty or outdated wiring and electrical problems, damaged plumbing or water leaks and anything else that, if left unchecked and unrepaired, could lead to a costly repair in the future.
 
“Aside from the cost aspect, another element to consider is the safety of the home’s inhabitants. Faulty electrical systems can potentially be extremely dangerous and cause breaker tripping or, in some cases, even fire.  Unstable or insecure railings on staircases or balconies are also not safe. If these features of the home are not checked and maintained, accidents could occur,” says Goslett.
 
He concludes by saying that if homebuyers, sellers or homeowners are in doubt about any aspect of the property, they should make use of trusted professional who can help them look for defects and guide them towards the best possible solution.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 22 Jun 2018
      The rental market in many Johannesburg suburbs has shown encouraging signs of revival this year but it remains a competitive market and landlords who best cater to their market’s needs will reap the healthiest returns.
    • 22 Jun 2018
      Home design is constantly evolving to reflect the changing needs of society. We look at some of the ways in which our use of space is changing.
    • 22 Jun 2018
      While estate agents can help the seller with correctly pricing the property and marketing a property to the right pool of potential buyers, at the end of the day it’s the impression that the property will make on buyers that counts the most.
    • 21 Jun 2018
      Anyone who’s ever been involved in a building project that’s gone wrong will appreciate the importance of adequate insurance cover in the construction industry.
    • 21 Jun 2018
      A recent news story about a blind tenant caught in a legal battle with his body corporate over letters and notices he was unable to read and consequently comply with has raised the question: what are the legal obligations for landlords with disabled tenants?
    • 21 Jun 2018
      A trend that’s taken the world by storm in recent years is that of hygge (pronounced: hue-guh), a Danish concept that is about creating intimacy, connecting with loved ones and taking pleasure in small, ordinary things.
    • 20 Jun 2018
      Buying or selling real estate isn’t as easy as it is portrayed sometimes, especially if there is a death of a party during the transaction which can make it awkward, tricky and inconvenient.
    • 20 Jun 2018
      With interest rates remaining at historic lows and banks continuing to compete for mortgage finance business, first-time buyers with funds at their disposal are currently well-placed to gain that initial foothold on the property ladder, particularly in the light of the slightly lower growth rates currently experienced in residential property values.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK