Risk Management
To avoid costly repairs and disputes it is essential for
a property investor to incorporate an inspection by
a registered inspector before buying and renting out
the property. The fee for hiring a registered property
inspector is a deductible expense from your taxable
income.
When selling your home, factor in the costs
of obtaining your electrical, beetle and plumbing
certificate together with the advance portion you
need to pay for your rates clearance certificate from
the Municipality.
Rememeber that a gas compliance certificate must
be issued where there is a change of ownership of
the equipment. This certificate is to ensure that all
gas components in a home have been safely installed
and are in good working condition. It is valid for five
years.
www.reimag.co.za
INSPECTION INSIGHTS:
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Structural soundness of the property inspected
Geysers and plumbing checked
Potential problems identified
The real causes behind problems such as damp and
subsidence uncovered.
Safety hazards, such as an exposed, live buss bar at the
electric panel
Possible suggested remedies
Estimated costs of fixing and repairing problems
Future maintenance requirements and estimated costs
Highlighted components that can potentially be costly to
repair (roof, windows, doors and pool).
List of maintenance priorities drawn up.
RESOURCES
National Association of Certified Home
Inspectors (NACHI), ooba, Knight Frank
Residential
Residential Handbook 2015
19