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.
We try and do the little jobs before they get too big jobs. So when you are ready to sell it’s a good idea to have a couple of inspections before you list your home. Check for pests and your homes overall condition…
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 help you get more value from your property.
There are a number of common pests in Australia that can affect homes and cause problems for homeowners.
The usual suspects that cause most of the trouble are cockroaches, rodents, and bedbugs. Don’t forget the silent low profile hungry termites (white ants). These guys can eat you out of house and home in no time. They are also a serious issue in some areas of Australia, not just coastal areas and up north. So have a chat with your “Local Bugger”
Cockroaches and rodents are annoying, carry disease, get into food, and leave droppings behind, ugly and unhygienic. They are dangerous to the whole family including pets, they generally pass infection and disease either through direct contact, with you or your food and of course their droppings.
Bedbugs are generally an infestation but are unlikely to carry disease, their bites are painful and itchy, and their life cycle makes them difficult to remove. Like fleas or lice, their eggs are basically impervious to chemicals.
This means that a home must be treated multiple times; the first treatment will kill any adults and nymphs that are currently present; the second treatment is designed to kill any eggs that have hatched into nymphs before they can become breeding adults.
Each of these pests can best be managed by engaging a professional to treat and eliminate the problem.
Demonstrating that your home is clear of these threats is a good point which may make the sale of your home easier or help you negotiate a higher price.
If you’re renting your place out, you will want to know if the pests entered the property before or after your new tenants. Our “Local Bugger (pest guys) is great, they will also spray for other insects such as ants, wasps, spiders, They will also move on pigeons and other undesirables. (Non-Human Only)
Many buyers will want their own inspector to survey the building before they place a bid, but you can sometimes skip that process by having your own inspection completed.
It’s a good idea to have a building inspection 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 make a decision about whether it’s better to disclose the issue and reduce the asking price or fix the problem.
Which solution is right for you will likely depend 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 more embarrassing 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.
Whether you’re looking to sell, or simply looking to get in new tenants, knowing that your property is in tip-top shape can help you maximise the return on your investment, and help you make smart decisions about repairs and pricing.
If you’d like to find out more about this topic, or others that may help increase the value of your property, then get in touch – we’d love to help out.
Disclaimer: The content of this article is general in nature and is presented for informative purposes. It is not intended to constitute financial advice, whether general or personal nor is it intended to imply any recommendation or opinion about a financial product. It does not take into consideration your personal situation and may not be relevant to circumstances. Before taking any action, consider your own particular circumstances and seek professional advice. This content is protected by copyright laws and various other intellectual property laws. It is not to be modified, reproduced or republished without prior written consent.