Getting a building inspection report, especially for an older home, is essential prior to buying property.
We all know that older homes have their charms and quirks, and when well-maintained they often ask a good price for buyers seeking history or craftsmanship.
But some homes are just old. Real old….
It is important to remember though, that some people want a fixer upperer! It is exactly what they are looking for! Because they are often oozing with character and have SOOOO much potential!!. However, the downside is that they can also be extremely expensive and cause endless frustrations for homeowners – so it is always important to list these homes with your eyes open!! So… here are a few questions you should ask the current owner.
1. Is the foundation solid?
Old homes often have foundation issues, which are incredibly costly to fix. First, check the foundation for signs of cracks or shifting.
2. How old is the electric wiring?
Many old homes still have the original wiring… Fascinating I hear you say.. Amazing to see how it was all put together in the “good old days” – But unfortunately it is often a fire hazard and costly to replace.
3. How old is the plumbing?
If the house still has the original pipes, you want to make sure that the water still flows and the sewage leaves the property…. You heard me! Where else would it go I hear you ask?.. It might be wise to at least find out if the plumbing has ever been updated and get some specifics as to when.. Then you will know what you are dealing with..
4. How’s the roof?
Replacing a roof is one of the most expensive home repairs you’ll make. It is worth checking out if it has ever been replace or repaired. This is another potential cost you just need to be aware of.
Listing an old home is fine – as long as you know what you are listing and the price is realistic.
Often a pre-listing inspection will help locate all the pros and cons of the property. This can alleviate fears regarding an older property and let you know if there is anything that actually needs attending to before going to market. We call these Vendor Inspections and they often allow buyers to handle any problems ahead of time or simply highlight all of the existing fittings and fixtures and structural integrity.
While any home can use a pre-listing vendor inspection to alleviate fears, this is a particularly clever strategy for an agent who wants to get the best price for a property for his client. No surprises is the key here! Click here to find out more about vendor inspections.
These old homes are typically incredibly well-made, built with good, sturdy materials and strong craftsmanship. They also usually contain beautiful old wooden floors, gorgeous trim and molding, heavy wooden doors, and sometimes even cozy fireplaces that beg to be lit on winter evenings. When you eliminate the doubt, you invite more buyers and more offers!
Just be aware of all the important stuff – and you’ll be right!!
About The Author
Evan Fittinghoff is a well-qualified professional with over 25 years experience in Development and Construction Project Management. Evan has managed a variety of multimillion dollar commercial, healthcare, defense, hospitality and retail projects in Australia, Canada and South Africa.
With this extensive wealth of knowledge, Evan also brings integrity and honesty into all his business relationships. Effective communication, prompt service and reliability are all part of his business philosophy.
Andrew Bruce & Samia Malouf
Riverview Realty is a boutique agency focused on achieving the maximum price, with a client engagement that is above the industry standard. We call it the “Ultimate Experience” which forms part of our unique selling proposition.
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