Avoid follow-up costs by checking the property

Once you have found a property that you like, you should make sure that it not only looks good at a first glance, but is also in good condition.

With such a big financial decision you should make sure that you don’t buy a pig in a poke.

In principle, you have two options to examine your property. Either you have enough knowledge yourself to check and assess the property correctly or you get support from a professional real-estate expert.

But let’s take a step back. Why is it important that you get a complete picture of the condition of your property?

  • You can estimate the costs better and do reduce negative surprises in the end, because you know what is coming your way
  • You can better calculate your financing and your budget
  • You can modernize your property as you want it to be
  • You can use any defects found within the price negotiations to reduce the purchase price

So: Get a clear picture of the property before you make an offer!

If you think you can check the property yourself, it’s best to work with a checklist so you don’t forget anything.

In particular you should pay attention to the following points:

  • Is the cellar dry
  • How old are the power lines
  • When was the last time the heating and pipes were replaced
  • What do the windows and doors look like
  • How old is the roof
  • Is the property insulated
  • What do the walls, floors and staircase look like

A lot of first-time buyers turn to trustworthy friends or family members to assess a property and the need for modernisation.
Of course, other people’s opinions are helpful, but it is very important that you have someone at your side who is really qualified and can give you an objective assessment of the property.

There is no such thing as one hundred per cent certainty and even a professional can only identify the defects that can be seen or assessed on the basis of his experience.
Nevertheless you avoid the risk of negative surprises with an objective evaluation of the property by an independent expert.

Before you hire a real-estate expert, you should find out what their experience is and whether they are familiar with the type of property. You should also find out about the scope of his report and the costs involved.

A qualified house inspector offers you the following advantages:

  • General advice
  • Defect assessment of the object
  • Valuation
  • Help with price negotiations

The costs are very different and range between € 400 and € 1,000.

If you need help finding an expert, contact us.

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