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.

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Buying a fixer-upper can be a rewarding investment, but diligent inspection and preparation are essential for success in realising its full potential.

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