When you are buying a property, you are investing more than money. Any property, whether commercial, residential, or industrial, is an investment of money and aspirations. Before a medical operation, we often visit a doctor for a second opinion. And, when it comes to financial transactions, we ensure that the expertise of financiers and accountants is sought in time. Similarly, it is necessary that we get a proper pre-purchase inspection done to avoid any future pitfalls our property investment may bring. The excitement and euphoria of buying a new property can turn into a regret or, worse, a nightmare, if the due diligence is not done prior to the actual purchase.
Buying a home is often an emotional decision. The zeal and excitement to move to a new house often overshadow many logical minds. To bring some measurable metrics and rational elements into the decision, it is imperative to get an expert opinion before the actual purchase. Industry anecdotes suggest that most properties on sale are staged hiding structural flaws that are not easy for a layman to detect. Naturally, many of these issues can escalate with time and become major headaches later. Major post-purchase repairs can not only make a dent in your budget but also leave a bitter after-taste in your mouth. That is why it is said buyers of commercial properties must use the phase 1 ESA checklist, and homeowners must invest in a property inspection to ensure they are investing in a property that is right and environmentally safe. A property inspection report is an invaluable tool that empirically measures the true worth of a property before you sign on the dotted line irrevocably.
- What are the things that you need to know about Pre-purchase property inspection?
The value of the inspection report comes from the quality of its data and the reputation of the inspecting authority or firm. It helps you get the best return on your investments and protects you from future shocks.
o Verifiable Claims: All claims made in the report must be backed by substantial evidence. The knowledge of the inspection team comes from an extended industry experience which enables them to see beyond the staged set-up. Not all the flaws are visible to non-professional, and hence the fact-based approach of inspectors allows the inspection report to be universally admissible.
o Neutral evaluation: The pre-inspection team should not make reports which are for the benefit of any “one-party”. In fact, the report should be neutral and not favor either the buyer or the seller. This is what gives it credibility and acceptance.
o Transparency: To ensure that the report conforms to the standards of transparency, all inspections, wherever possible, should be done in the presence of required people. This allows the objectivity and clarity to be beyond any future dispute.
o Best Value for your investments: The inspection report assists buyers with price negotiations, allowing them to make an informed buying decision. When it comes to buying a property in New Hampshire, there is one name that meets your pre-purchase investment needs best. Alpha Building Inspections offer pre-purchase inspection of all types of brick and mortar properties. They have the expertise across all types of properties – residential, commercial, and industrial – and can deliver a thorough check-up of the given property. At the end of the inspection, they provide a detailed, easy to use inspection-report. The NH state inspection cost starts at $300 for a modest family home, and the price varies according to the size of the property.
With all fears put to ease, buyers can shortlist properties that they like and let the Inspection team provide a fact-based evaluation to help the buyer make a decision that is good for their finances and feelings. This would put them in the best position to minimize risk on their property and get worry-free investment returns. The peace of mind is invaluable.