INSPECTION INSIGHTS
• Structural soundness of the property inspected
• Geysers and Plumbing checked
• Potential problems identified
• The real cause behind the problems such as damp
and subsidence uncovered
• Any issues that may hinder your ability to finance,
legally occupy, or insure the property uncovered
• Safety hazards, such as an exposed, live buss bar at
the electric panel, exposed
• Possible remedies suggested
• Cost of fixing and repairing problems estimated
• Future maintenance requirements and cost
estimated
• Components that could potentially be costly to
repair (roof, windows, doors) highlighted
• List of maintenance priorities drawn up
structure, exterior, roofing system, plumbing
system, electrical system, heating system, air
conditioning system, interior, insulation and
ventilation, and fireplaces.
Once the home inspection has been
completed, a report is created for the buyer
detailing any and all defects found. This report
will note problems requiring immediate
attention and conditions that could lead to
more serious issues over time.
The following are the basic elements that a
home inspector will check. You can also use
this list to help you evaluate properties you
might purchase.
Having such an inspection done should be
a standard procedure for all smart property
investors and is an important part of the investors risk management. An inspection takes
approximately two hours and includes a full
check of the interior and exterior of the property and outbuildings. Knowing that discounted purchase price will be offset by the costs of
any necessary repairs or ongoing maintenance
will help prevent investors from making any
expensive, long term mistakes.
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CHOOSING A PROPERTY
INSPECTOR
• Ensure that the inspector is registered with NACHI
(National Association of certified Home Inspectors)
• Establish whether the inspector will identify more
that just structural issues in the report
• Beware of simple ‘checklists’ inspections which may
not give you the detail you require – insist on a
detailed report
• Ensure that your inspector understands your
objective in buying the property
WHY NACHI REGISTERED?
• They have undergone compulsory theoretical
and practical training in line with international
standards
• They regularly attend workshops and seminars
to remain abreast of the latest scientific research,
studies and methods
• They attend compulsory refresher training courses
annually
• They subscribe to a code of ethics
• They have Errors and Omissions insurance
RESOURCES
http://www.nahi.org/
Residential E-Book 2016
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