Your home is not perfect: the value of pest and building inspections
They say that home is where the heart is. And it’s true that we spend so much of our time, money and emotions in our homes. So it can be hard to truly look at them and think that something could be wrong.
But when you’re selling your home, or looking to rent it out as an investment, any faults or flaws can cost you money.
That’s why it’s a good idea to have a building and pest inspection done before you list your home.
Once its done, if any problems are uncovered, they can be dealt with there and then; if there aren’t any problems, you’ll be able to show potential buyers or renters the inspection results.
This will potentially help you get more value from your property.
Know thy enemy
There are a number of common pests in Australia that can cause problems for homeowners.
The ones most likely to cause trouble are cockroaches, rodents, and bedbugs. Termites are also a serious issue in some areas of Australia, mainly in coastal areas and especially up north.
Cockroaches and rodents carry disease, ruin food supplies, and leave droppings behind, making the home unsanitary. They are particularly dangerous to children and pets, though adults can also become sick from contact with these animals or their faeces.
Each of these pests can be difficult to manage on your own, and often require professional treatment to eliminate the problem.
Demonstrating that your home is clear of them can make it possible to sell your home for a higher price.
Additionally, if you’re renting your place out, you’ll know if the pests entered the property before or after your new tenants.
The beauty of Building inspections
Many buyers will want their own inspector to survey the building before they place a bid.
However, you can also have a building inspection completed before you even consider listing your home for sale.
Building inspectors look for all sorts of faults in a home, from major structural damage to leaking pipes.
Once any problems are identified, you can then make a decision about whether you want to simply disclose the issue, or fix the problem before you sell the house.
Which solution is right for you depends on the specific damage and the cost of repair.
The one thing you should absolutely not do, as you prepare your home for sale, is to take the ‘she’ll be right’ approach.
There’s nothing worse than having a potential buyer uncover something you should have known about. This immediately makes the buyer wonder what else you don’t know about – or worse, aren’t telling them about.
Final word
Whether you’re looking to sell, or rent, knowing that your property is in tip-top shape can help you maximise the return on your investment, and make smart decisions about pricing.
If you or someone you know would like to find out more about this topic, feel free to contact us – we’d love to help out.
