Home Inspection Mistakes

We always warn clients against rushing into their first property purchase. Why? 

Vigilance is the key if you’re going to find the right property, especially if you intend to turn it into an investment property later.

That’s why you have to have a home inspection before you sign the contracts.

There are plenty of qualified building inspectors out there. However, they won’t all provide you with the same level of service.

A poor inspector could miss issues that will cost you thousands of dollars later on.

Your building inspection may turn up a few issues for you to consider. 

You could turn down the deal, or use the issue as leverage to negotiate a lower sale price.

It’s not mandatory that you attend the building inspection. However, it’s definitely recommended and whatever you do, tell the real estate agent to stay outside.

This is your information you are paying for and you can use this as a negotiation factor (but not if the agent knows all).

As a client, you also get access to Property Scout through the Investors Choice Mortgages Hub — an app designed to support you during property inspections. It includes a detailed inspection checklist to prompt what to look for and allows you to record notes, photos, and potential issues while walking through the property.

Of course, inspections are just one aspect of sourcing your first property. There’s plenty more that you need to do before you’re in a position to #Slam it and #Stash it.