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 An inspector can check for damage to the foundation of the home, any faulty or outdated wiring and electrical problems, damaged plumbing or water leaks and anything else that, if left unchecked and unrepaired, could lead to a costly repair in the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
Characters remaining

    Latest Property News
    • 24 Nov 2017
      Tshwane’s four-bedroom Mayoral mansion, nestled among ambassadorial residences in the upmarket suburb of Muckleneuk, fetched R5.1 million after spirited bidding at High Street Auctions’ final sale of the year.
    • 23 Nov 2017
      Reserve Bank Governor, Lesetja Kganyago, said that the Monetary Policy Committee had once again decided to let the interest rates remain unchanged with the repo rate at 6.75%, and the prime lending rate at 10.25%.
    • 23 Nov 2017
      As the holiday season approaches, most of us are counting the days until that year-end bonus hits our account. There’s nothing quite like a little bank balance booster to get us in the holiday spirit.
    • 23 Nov 2017
      The Adelphi Centre (now entitled “ARTEM") in Sea Point, Cape Town, is being extensively renovated, and once complete will offer an ultra-luxurious galleria style shopping centre unlike any other seen on the Atlantic Seaboard or in Cape Town.
    • 23 Nov 2017
      If you are looking to sell your home in today’s real estate market, there are certain things that you need to include both inside and outside your house. Today’s generation of home buyers is looking toward a more eco-friendly, energy and water conscious home, and if your house stands out then you are more likely to be able to sell it.
    • 22 Nov 2017
      Most people know of the Community Schemes Ombud Service (CSOS) and that levies must to paid to fund its operations. In this article the experts at Paddocks will address some of the issues that are causing confusion.
    • 22 Nov 2017
      While sales have noticeably slowed in most sectors in most Cape town suburbs, the security estate sector in Constantiaberg has bucked the trend by remaining buoyant, with sales by August this year already surpassing total sales in 2016.
    • 22 Nov 2017
      The end of the year is fast approaching, and so are all the travellers, tourists and holidaymakers. For those who live near or own a property in a holiday-hotspot, the festive season also brings with it an abundance of short-term rental opportunities. Its a great way for property owners to make a few extra rand for their own holidays or to put towards their savings.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us