When purchasing an existing house, there are several key things you should check. Here’s a summary:
Ask the agent and seller about any known issues with the house. They have a duty of care to research and disclose any matters that could be of concern.
Inspect the house thoroughly, paying special attention to:
- The roof
- Plumbing, including water pressure
- Electrical wiring
- Foundations (piles)
- Insulation (especially in the ceiling, where heat loss is most common)
- Fences, paving, and driveways
- Signs of house movement
- Any alterations not reflected in the official plans
You should also pay attention and look for any signs of potential leaking, eg:
- Visible water damage
- Cracks in the exterior cladding
- Mould on ceilings or internal walls
- Bulging or stained walls and baseboards
- Upper floor balconies lacking proper drainage
You should also:
- Review the property file at the local council, or
- Obtain a LIM (Land Information Memorandum) from the council
- Hire an experienced building surveyor to assess the property
- Seek legal advice about any issues identified in the LIM or survey report
- Consult a lawyer before signing the contract
Do not sign the contract until you are sure it meets your needs and all concerns have been addressed.
