What is a Pre-purchase and Pre-sale Property Report

Sometimes referred to as a Pre-purchase property report, a pre–purchase property inspection report or building inspection report, it is a written account of the property’s condition. It includes any significant building defects or problems such as rising damp, cracks, safety hazards or a faulty roof. It is usually carried out before you exchange sale contracts so you can identify problems which, if left unchecked, could prove costly to repair. In most cases it is a must to be obtained before any sale or purchase takes place.

• Why is this report needed:

Every city has their own policies and requirements for the sale or transfer of real estate. They have special requirements when it comes to buying or selling of real estate. These items can range from a simple form to be filled out, to a full housing inspection report by professionals, depending on the city. A Pre-sale and pre-purchase report is required for knowing in advance what the problems in the property are, using which buyers can negotiate a lower price for the property as they may have to pay for the repair. A Pre-sale property report also throws light on any major problems in the property and how they will affect the property over time.

• What should the report include:

Always a suitably qualified person, such as a licensed builder, a surveyor or an architect provides a professional building inspection or Pre-sale and pre-purchase property report of the property you are thinking of buying. These professionals easily notice any cosmetic improvements, covering up faults that might otherwise be missed by an untrained eye. This reports should include the address of the property to be inspected, reason for the inspection, the date of inspection, a list of any area or item that wasn’t inspected, overall condition of the property and any major faults founds in the property and other problems that need fixing.

Why Pre-purchase Report is Important Before Purchase Property

Whether you are buying a home, a car or any costly product, you must check pre-purchase report. It is essential to get ensured that you are investing your money in a right thing. There are many people, who carelessly spend their money in buying new products and later face trouble in using those products. It occurs mostly with buyers of used car, who don’t pay attention to features and problems of the used car. Same thing happens with the purchasers of a new property. If you are buying a flat or building without considering basic facilities like water, electricity and market there, it will be a risky purchase.

• It offers complete transparency:

The pre-purchase report is quite important to know everything about the thing you are planning to buy. If the product is quite costly, then don’t take a risk with its quality and value. Today everything is available online, and you can easily get many pre-purchase reports about targeted product online. You get complete transparency while you buy a product plus you get in a position where you can decide about buying or not buying any product. Today it has been quite usual to check features and other aspects before buying the product.

• Saving of money:

There are many retailers and manufacturers, who provide the detailed pre-purchase report for every product. Inspection before buying properties ensures you that you are not investing your money in a property, which is not at a good location. The most impressive benefit of checking pre-purchase reports is, you can get information on the best price of the product, vehicles and properties before you buy. You get an impressive chance of preventing extra expenditure and get anything you want at fair prices. Today’s buyers are comparing prices, check multiple websites to save their money. One look at the pre-purchase report is enough to save money and get the best things available in the market.

Points To Take Into Consideration For Property Inspection

Purchasing a new home is one of the biggest and largest investments that most of individuals ever made in their life. It is important that individual is educated and informed well in advance about property that she/he is going to purchase. This is possible only by getting inspection of the property done by a professional home inspector.

Property inspection Auckland entails complete examination of the possession and focused on education and informing the client about the property. It will help you in identifying condition of house and if there is any need of any type of maintenance that required to be done before buying the property. This job is targeted more at providing detailed, informative and objective evaluation of building inspection Auckland so that you can get bigger of the property you are interested in buying.

Main aspects of property inspections:

At time of examining different areas of property, the professional examining will make a quick circuit of the property size to measure the scope of property inspection Auckland. You will be inspecting all the visible areas and review all accessible items including:

• Doors and windows
• Walls, ceiling and floors
• Central air condition system
• Plumbing
• Heating systems
• Termite inspection
• Electrical systems
• Complete structural inspection

Above all examination done during building inspection Auckland, the ones which are utmost important are plumbing, termite and inspection of electrical systems.

Inspection of termites- This job is visual examination of readily accessible areas of property to find out whether there is any evidence of termites and other wood destroying insects or not. The professional inspection conducting job will find out all spaces including exteriors and basement of a property to find out whether there are any traces of termites or not.  if the traced down any termites , they will help you to get rid of them by using different type of termite prevention treatments.

Plumbing inspection- At time of plumbing inspection, professional will check whether interior plumbing systems of the house is working properly or not. They will check facets, pipes and fixtures installed in the property.

Inspection of the electrical systems. At time of inspecting electrical system of the property, the property inspection will check whether all electrical points are in good condition or not.

How to Get Proper Valuation of Your Property for Sale

Selling your own house is not an easy task. No matter what your purpose is, the process of selling house is quite complicated thing. Of course, you want to end up in win –win situation from deciding to sell your home.  Now what to do to make sure that you get expected profit from selling your property?

Pre-purchase report comes from expert values. Knowing market value of your house pre-sale property report can help you to do that. If you want to get huge profit from selling your house you have to come up with right price. Price low will lose a big part of you are supposed to get from the sale on the other hand, pricing too high, you will find hard to find buyer.

Pre-sale valuation will able to assist in pricing of your property.  Pre-sale valuation is not only done for selling a property but also use for tax purpose.

Commercial property is needed to be frequently inspected by commercial property managers to ensure tenants are correctly occupying the premises, and property are still perfuming for landlord. Failure to inspect properly will leads to problems with property function and tenants.

As commercial property manager structured inspection process those details with issues of pre-sale property report to be monitored. A structured inspection process helps to be focusing on specific elements in the property that impact function, impact and tenant occupancy.

How frequently you should inspect the property and how long a property inspection take. It depend on these three things:

1. How tenants used the property and what pressure is creates on the property. 
2. The type of visitor to the property and frequency of usage.
3. How much fees is paid by landlord for the property management services for pre-sale report.