If you’re thinking of buying a house, here are some more points to be considered, as suggested by John from House Check.
Buying a house, especially if you are a first-time buyer, is nerve-wracking and expensive. Once you’ve added the purchase price, transfer duty, legal fees and the cost of moving – hiring a van or furniture remover, curtains, schooling etc – it can seem overwhelming.
Most home buyers get so caught up in the pressure of negotiating the price of the home, finding money for the deposit and getting a bond that they don’t even stop to think about the wisdom of getting a home inspection.
Most buyers in South Africa don’t bother with a home inspection, compared with overseas where up to 80 percent of house sales are concluded only after a thorough home inspection.
An average home inspection should pick up problems such as a dangerously installed geyser, a leaking roof (hard to detect in the dry season), drainage and damp issues, electrical and plumbing concerns, and raise a red flag.
Make sure your estate agent writes into your offer to purchase that the deal is contingent on your being satisfied with the results of a home inspection, which is to be done within seven days of acceptance of your offer.
Set aside a few thousand rand to pay for the inspection. The actual fee will depend on the size of the property. Ask friends and relatives for a recommendation for a reputable home inspector and get a quote before or as soon as your offer is accepted. Be sure to get a sample report from the home inspector so that you have a fair idea of the quality of the service.
Home inspections cost a bit, but they could end up saving you thousands in repairs. – IOL Lifestyle
To ask a property related question, visit www.propertyposer.co.za.
Follow these links to find a lawyer or estate agent in your area.
