Many who are planning to invest properties enter into the situation with the attitude that they know there are problems with the property and that is why they are purchasing the property. For instance, if there were obvious signs of plumbing problems that could result in a leak behind the wall, you wouldn’t want to paint that wall or replace the floors until you had the possible leak checked and either confirmed or denied and repaired if necessary.
Inspections are great before placing the bid on a house because they actually give investors a bargaining chip. For the true investor this is a fact that simply cannot be ignored as it directly affects the bottom line price. If the roof needs to be replace you are justified in offering a lower amount. If the electrical system needs to be updated, this is something that should be adjusted or amended in the final offer. These are also things that are easily identified by a qualified and competent property inspector. Any thing that can save time and money is great when investing in property and an inspection can do both.
A proper home inspection can inform you of potentially hazardous conditions within the home that the untrained eyes may not take notice of. Some of these things include toxic mould, which can be financially disastrous as well as hazardous to your health; foundation issues, and structural damage that is threatening the integrity of the property. An inspector should also notice the structural integrity of homes that could affect your home if they are weakened or fail all together.
If you are thinking of purchasing your investment property, please talk to us or vist us, Smart Realty Pty Ltd. We have our own in-house mortgage broker, Champion Broker. Our friendly and professional broker can sit down with you with no obligation.
LOCAL PROPERTY MANAGEMENT AGENCY
