by Chris Lang
on November 26, 2010
You’ve bought a house. Congratulations! The contract’s been signed, the finance is in order, the settlement date is approaching, and your conveyancers are on it. Wait up, no sleeping on your laurels yet! What about the final inspection? What final inspection? Your estate agent may have forgotten to mention this to you. As a purchaser, […]
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by Chris Lang
on March 22, 2009
If a house has passed your first inspection and created a good (or at least neutral) first impression, it could mean that after a while you will short-list it as one of the final candidates, or even “the one”. And because buying a house is such a huge decision, you will need to inspect it again.
The purpose of the second inspection is to notice all the major advantages and disadvantages of the property, including things that will inevitably cost you money to add, fix or replace. There is a difference between “want to fix” and “must fix”. For example, if you’re buying a house with an old rotting fence and it falls over, you will have to replace it, so this is a “must fix” situation. On the other hand, if you’ve bought a house with an old dishwasher that you don’t like, you might want to replace it, but while it works you don’t have to.
When calculating a price you will offer on a house, you should consider all the things, replacement / addition of which will cost you money immediately after you move, because that literally means that the house costs you that much more.
There are things you can’t see or feel (like the size of the land) and will have to ask the vendor or the estate agent – don’t be afraid to disturb them, call and ask because you need to find out.
The things you need to pay attention to include:
General information about the house and the land
- Land Size
- Land Shape
- Ceiling height
- Type of hot water system installed
- Is there a rain water tank or a watering system
House-related
- The condition of the inner and the outer walls, whether they insulated or not
- Gutters – new/old, in good/poor condition
Roof
- What kind of tiles (terracotta/concrete/metal), insulated or not
- Condition – good/poor
Heating/Cooling
- Whether installed, what kind(ducted/gas heating, evaporative cooling/air conditioning), in what rooms
Windows
- The condition of window glass and frames, of the fly mesh and the curtains
Doors
- The condition of the doors and door frames, wire doors and fly mesh
Floors
- The type of floor coverings (boards, carpets, laminate) and the condition – good/poor
Bathrooms
- The condition of taps, bath tubs, sinks, shower screens, toilet bowls
Kitchen
- What kind of appliances are there (and are being sold with the house), what sort of the benchtop is there
Outside
- The condition of fences and retaining walls – good/poor
Happy house hunting!
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