Arranging Professional Property Inspections
More than meets the eye: looking beyond the obvious
Arranging a professional property inspection is a task that could save you from unforeseen costs and trouble down the line. An inspection report allows you to proceed with a potential property purchase with confidence. This guide walks you through everything you need to know about property inspections.
It is imperative to choose a qualified and experienced inspector. In New Zealand, this means looking for someone who has a strong track record and preferably belongs to a recognised professional body such as the New Zealand Institute of Building Surveyors (NZIBS) or the Building Officials Institute of New Zealand (BOINZ). These professionals adhere to strict standards and are regularly updated on the current building codes and regulations. A comprehensive property inspection should cover every aspect of the property's condition. This includes examining the structural integrity of all buildings, checking for dampness or water damage, inspecting roofing, plumbing, electrical systems, and ensuring there are no pest-related issues. After selecting your inspector, preparation is key. Make sure they have full access to the property on the day of inspection. Ensure all areas are accessible, including underfloor spaces and roofs. It is also advisable to have a list of any concerns or questions you might have about the property. While it's not mandatory for buyers to be present during inspections, being there can be incredibly beneficial. You'll have the opportunity to see any issues firsthand and ask your inspector questions directly. This immediate feedback can be invaluable as you consider your next steps in the purchasing process. The cost of an inspection varies depending on factors such as property size and type but consider this an investment in your future home’s integrity. While it might seem like an additional expense during an already costly process, it’s far less expensive than addressing hidden problems after purchase. Timing is important; arrange for an inspection after your offer is accepted but before finalising the sale – this period is often referred to as 'conditional on building report'. This ensures that any deal made is contingent upon a satisfactory property inspection report. When arranging inspections, some buyers make mistakes that can lead to complications. Avoid choosing an inspector based solely on price; expertise should be your top priority. Also, don't ignore minor issues as these can escalate over time. Armed with your inspection report, you're now positioned to make informed decisions about proceeding with your purchase. Should significant issues arise from the inspection, you can negotiate repairs or a price reduction with the seller – or you may not want to continue with the purchase at all. Once completed, your inspector will provide you with a detailed report outlining their findings. This document is critical; it should be clear and straightforward, listing any defects or maintenance issues along with photographs where necessary. Pay close attention to this report – it will play a pivotal role in any decisions moving forward. Before delving into the intricacies of how to arrange an inspection, it's vital to understand why they are so crucial. A thorough property inspection can uncover hidden issues that may not be immediately apparent during an initial viewing. Structural problems, pest infestations or wiring defects are just a few examples of potential issues that could cost you dearly if not identified before finalising your purchase.
