Property inspections prior to a purchase have become essential to safeguarding your precious investment - and to prevent any nasty and expensive surprises down the track.

Property inspections prior to a purchase have become essential to safeguarding your precious investment - and to prevent any nasty and expensive surprises down the track.

And when you think about it, with so much money being invested in your property purchase, why wouldn’t you want an independent, third-party professional to evaluate the building to make sure it is safe, as advertised, and hazard-free?

Are you looking to buy a property but don't know much about inspections? You've come to the right place! Thought Leaders Real Estate has accumulated a bank of knowledge about property management Perth and applies much of it to your inspections before moving in!

Cost and time of inspection

The first few things you should bear in mind before moving forward with your investment property Perth inspection are its cost and time taken.

The cost of the property inspection depends on the area that is to be inspected. It can generally range between $300-$1000. As for the time, it can take up to four to six hours to inspect depending on the property area. However, you'll receive the report of the inspection in two days.

What to look for when inspecting a property?

A general checklist of what to look for while inspecting a property must include:

The interior and exterior of the property - Walls, doors, floors, ceilings, porches, etc.

Systematics - Electrical wiring, plumbing, insulation, air conditioning, ventilation, laundry, etc

What to do if a fault is found while inspecting?

If any fault or defect is noticed during the inspection, it is written in the inspection report. The seller or the contractor is obliged to fulfill the required repairs before handing over the property to the buyer. In case the seller is not willing to bear the cost of the repairs, the buyer is entitled to walk away from the deal.

However, it depends on the buyer to bear the cost of additional repairs if willing.

What the inspection doesn't cover?

Although a thorough inspection includes all essential evaluations of the property, some things are excluded from the inspection list.

●       Luxuries: Swimming pools, docks, playgrounds, etc.

●       Add-ons: Screening, break-walls, shutters, etc.

●       Outside distant areas: Fence, soil conditions, etc

●       Appliances if not included in the contract.

Where to find a professional inspector?

Finding a trustworthy inspector can get challenging. Hence, you should always rely on companies like Thought Leaders Real Estate to guide you in hiring qualified inspectors.

Contact us to get free consultation about your property management Karrinyup. If you are a landlord, we recommend that you read our article on Landlord Insurance and our pro-tips on how to attract good tenants here.