The building inspection process can seem inconvenient and unnecessary if you are eager to become a homeowner. However, you cannot afford to skip this stage of the home purchase process or go through it with carelessness. If you acquire a house without an inspection, there is a high risk that the property could have underlying problems.
The seller might be unaware of the issue or attempt to conceal the issues. It is your responsibility to check up on the structure to avoid losses. Unfortunately, if you have never dealt with home inspections, you might find it difficult to review the information provided in the building inspection report. Here are core tips on getting the most out of the documentation.
Understand the Problems
The building inspection report will provide details on the condition of the different aspects of the residential structure. It is important to check all the information provided by the inspector on the potential problems. This should help you understand the overall condition of the building. In general, inspectors will check on all the accessible parts of the structure.
The elements checked during the assessment include the roofing, underfloor and the general site. In addition, they can check the outdoor structures on the property, retaining walls and fences. The written information is not often completely clear to a layman. Therefore, if you have an opportunity, follow the inspector around during the process.
Check the Recommendations
Building inspectors will provide appropriate advice on dealing with the problems found in the house. The specialist information can be invaluable for understanding the gravity of the problems. For instance, if the exterior walls are damaged, there are different levels of repairs which can be recommended. If the damage is structural, the cost of reinforcement could be high.
On the other hand, an ugly wall can be simply renovated through rendering. Therefore, you should review the advice and determine if you can accept the implications of purchasing the house with all its problems. If you are planning on moving in immediately, you should avoid a house that requires major repairs. Also, check on the inspector's prediction of the building's remaining service life.
Negotiate with the Seller
Finally, you should use the building inspection report to get a discount from the property owner. If you decide to take a house with problems, you must obtain the best deal possible. For the best outcome, find out the cost of carrying out the recommended repairs. Then, negotiate the price by having the amount needed for restoration cut from the buying price.