Property inspections are crucial in the real estate industry. Whether you are looking to rent, buy or sell a residential/ commercial property, inspections should be carried out to ascertain the physical condition and other elements of the property, to ensure that you are getting the best deal possible.
There are different types of property inspections including – Building inspections, Insurance inspections, Title inspections, Bank Inspections, etc. For the purpose of this article, we have discussed top tips homebuyers should look out for during a property inspection for both Off-Plan and On-Plan Properties:
- Visit the Property
With the aid of innovative tools, it has now become possible to conduct thorough home checks and property inspections virtually. However, it is always advisable to visit the property you intend to purchase physically, or contract an agent or trusted party to do so. This way, you get first-hand experience of what could be your long term abode and you have the opportunity to ask questions about anything that you notice about the building or property.
- Create a Checklist to Guide Inspection
As you prepare to go inspect a property, having a checklist in hand to guide your check and search is necessary so you do not leave anything out. Take your time and look carefully at everything and make sure you are satisfied with the condition of the property.
- Inspect Property Documents
When inspecting an Off-Plan Property at conception, there should be an open house/ showroom on site where you can view the property documents including the project layout, project approval, project agreement, and the 3D visuals of the project.
These documents are essential, as it is the evidence that shows that the property seller/developer has a good title and as such can validly transfer ownership to the buyer. And the project layout gives a clear representation of what the property would look like when it is complete.
Whether a property is developed as Off-Plan or On-Plan, the title documents are made available even before construction begins. Always be alert to avoid scams. The safest way to buy is to indulge the services of verified companies like Thinkmint Nigeria. Discover the marketplace here.
- Inspect The Building
If the property you are to inspect is fully completed or still under construction then inspecting the condition of the physical building should be at the top of your checklist. For the interior, look closely at the walls, ceilings, floors, and the appliances available in the property. Check for structural issues and electrical defaults (go along with a technician before the final decision on purchase is made).
For the exterior part of the building, there are several things you need to observe including: the overall condition of the building, foundation, roofing, doors and windows, plumbing, electrical systems, drainage, sewage, landscaping, neighborhood facilities, etc.
Thinkmint Nigeria conducts weekly property inspections for all the available properties in their portfolio. Clients have the opportunity to be picked up or dropped off at their desired location during inspections. To learn more, kindly contact Thinkmint Nigeria on 0809 784 5065 or visit the website here
Thinkmint Nigeria conducts weekly property inspections for all the available properties in their portfolio. Clients have the opportunity to be picked up or dropped off at their desired location during inspections. To learn more, kindly contact Thinkmint Nigeria on 0809 784 5065 or visit the website here