A Homebuyer Survey can cause real issues if problems arise and can turn many house buyers off a property. Here’s how to fix them.
Selling a home can be an exciting step in life but it can sometimes be full of unfavourable surprises. When house buyers have a homebuyer survey conducted if problems arise these surprises can be an all too problematic reality. Some of the problems found during the inspection may require you to shell out a lot of money to fix even after the sale of a property has fallen through. Theses problems should not be overlooked to make sure that your house will find a good place on the market. Here are some homebuyer survey nightmares you could face, along with tips on how to fix them:
- Worn-Out Foundation
If the homebuyer survey reveals a problem with your home’s foundation, like damp crawlspaces or an incorrectly sloped grading, you can expect some hassle when selling your home. While many house buyers can deal with small issues on a property, problems with the foundation can be very costly. These issues are generally known to cause other problems such as water seeping towards the foundation, as well as doors and windows showing uneven gaps, which can discourage buyers to go on with the deal. This means that you should do some repairs to your home’s foundation to make sure it efficiently supports the entire building.
- Roof Damage
While minor roofing problems would not create a red flag with a homebuyer survey, structural and flashing damage, together with mould, would necessitate your roof to be repaired and may be enough to put off many house buyers. However depending on the market, you can negotiate with the house buyer about who would cover such an expense, so make sure you discuss your options with your agent before you decide whether to go on with the house sale or find another prospective buyer.
- Problems with the Water Supply System
These problems can come in various forms, from standing water in the basement that could indicate a serious problem in the pipeline to water stains on the ceiling that could indicate roof damage. These problems can cause water bills to rise unreasonably which is a bad selling point. Generally, it is your responsibility to fix these issues, so you might want to call on the plumbing professionals to get the job done.
- Faulty Electrical System
Take note that this problem is one of the main causes of house fires, so inspectors will normally advise you to address it as soon as possible. However, this mostly requires minor fixes, but take note that it can also be expensive, especially when there is a need to rewire your home. And as inspectors would not open up your walls and ceilings, problems can often go unnoticed. At least, they can check if electrical components are not up to code, lacking in capacity or missing labels, which are issues that you should address right away with the help of an electrician.
- Heating, Ventilation and Air Conditioning Problems
HVAC problems are often missed during home inspection as inspectors would be reluctant to run the system fearing that they might be held liable if it breaks during the test. You should make sure that they are not overlooked. HVAC systems can substantially have an impact on the value of your home so you should make sure they are in good working condition. If you’re looking to get these systems checked make sure you get a licensed specialist for the inspection.
- Pest Infestation
One of the most serious pest problems at home is termite damage, as these insects are notoriously known for eating houses from top to bottom, particularly those having a wood frame. If you have this problem, you must get rid of them with a specialist pest terminator and then replace any wood that have been eaten to keep your house’s structural integrity. While other pests, such as rats and bats, are easy to deal with, termites are very difficult to deal with.
- Mould and Rot
While simple mould is not always a cause for alarm. Other more serious types of mould such as black mould can cause asthma and other serious health issues. Take note that mould could indicate larger structural problems, such as plumbing issues and foundation cracks. These will need to be addressed as quickly as possible. You have to locate the problem and associated issues, and then address them to prevent more problems from arising.
- Existence of Asbestos and Radon Occurrence
Aside from asbestos tests many home inspectors of today are also offering Radon tests to see if your house is exposed other hazardous elements. If your house is quite old, you could have type of indoor air pollution. If this is flagged in a home buyers report you should address it immediately. It’s not only important for the sake of the sale or future sales, but for the sake of your own health and that of other members of your family. Remember that exposure to hazardous chemicals, especially asbestos is very dangerous. It is ALWAYS best to hire the professionals for this type of work.
When a homebuyer survey reports some issues with your home, remember making your home sale-able does not end there. With the help of professionals you may be able to fully fix the problems at hand. Though it might cost you a significant amount of money, it will be worthwhile an investment considering that you are ensuring a high value for your home.
We hope this article has helped you. For some more information about home buyer reports you can visit the RICS. They have a great page about everything you should look out for and everything they will look at when conducting a Home Survey.
Looking for more information on Home buyer reports? Take a look at our popular blog ‘How does a residential survey help buyers?’. Here you’ll find all the information about Residential Surveys and how they can help you..