Imagine what can happen if you don’t have a house inspection when you buy a new home. Defects you didn’t notice and latent defects like a roof leak can cause your dream home to become a nightmare!
Be wise, have a home inspection!
A Buyers House Inspection or Pre-purchase Comprehensive Property Inspection
A buyer’s house inspection is your protection against the ‘voetstoots’ clause. A Buyer’s Inspection report is a written account, with photos, of the condition of the property. As a result, it will tell you about any significant building defects or problems. This can be defects such as rising damp, movement in the walls (cracking), safety hazards or a faulty roof etc. You would have this done as part of your condition of sale so you can identify any problems with the property which, if left unchecked, could prove costly to repair.
Why do you have one?
Protection against the voetstoots clause in your Offer to Purchase
You will know in advance what the problems are.
Therefore, you may be able to negotiate a lower price for the property. You may have to pay to repair some of the problems.
You also get specialist advice about any major problems and maintenance issues which may affect the property over time.
When home hunting, most home buyers tend to be so excited that they give no thought to a closer inspection. Before you know you have signed the agreement and the property is yours. But what about all those defects you didn’t see during your first or even second visit.
The intention of this article is to inform you, in the interests of your and your family’s safety, what you should and should not see if you happen to stick your head into the ceiling space to check out your hot water geyser. If your geyser installation is significantly different from what is described here, I suggest that you get a reputable plumber to repair it. Check out the videos at the bottom of this article!
There are also various versions of “Sellers Property Condition Disclosure” statements in use by estate agents. The Estate Agency Affairs Board (EAAB) prepared one of the disclosure forms. Another by a prominent firm of conveyancing attorneys. Some “Offer To Purchase” contracts include the seller’s disclosure towards the back of the contract. None do much to make the average property transaction any fairer for the buyer.