Essential Inspection Checklist before buying a Fixer-Upper property
Purchasing a fixer-upper presents an enticing opportunity, especially for first-time buyers seeking entry into the property market. Yet, Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, cautions buyers to fully comprehend the costs involved in bringing the home up to standard before proceeding with the purchase. "Buying a fixer-upper can be exhilarating, but it's crucial to conduct a thorough inspection to understand what you're getting into," he warns.
To assist prospective buyers, consider the following checklist:
Structural Integrity
- Examine the foundation, walls, and ceilings for cracks.
- Assess floors for signs of sagging or unevenness.
- Inspect the roof for damage or leaks.
Leaks
- Check windows and doors for condition, including seals and frames.
- Inspect the exterior for water damage, particularly around gutters and downspouts.
- Look for water damage inside, especially in kitchens and bathrooms.
- Watch for signs of mould or mildew, especially in basements or bathrooms.
Plumbing
- Inspect the geyser for leaks and determine its age.
- Test toilets, faucets, and water pressure.
- Verify electrical functionality and panel condition.
- Look for exposed wires or overloaded circuits.
Renovations
- Identify load bearing walls that cannot be removed without adequate support.
- Research costs for bathroom and kitchen renovations, including fixtures and fittings.
Goslett advises engaging a professional home inspector for a thorough assessment and recommends bringing a contractor along to estimate repair and renovation costs. "Having a clear understanding of the property's condition and renovation expenses ensures informed decision-making and prevents unwelcome surprises down the road," he adds.
Buying a fixer-upper can be a rewarding investment, but diligent inspection and preparation are essential for success in realising its full potential.
