
Investing in property can be a smart financial move, but purchasing one with hidden issues can quickly turn into a costly mistake. To protect yourself from buying a ‘lemon’, it’s crucial to do your due diligence.
The best way to assess a property's condition is to arrange a professional building and pest inspection. However, there are also several warning signs you can look for during inspections to help you identify potential problems before making an offer.
Key Warning Signs to Watch For
Structural Issues
Major structural concerns, often caused by ground movement, can be among the most expensive problems to fix. Keep an eye out for cracks in walls, ceilings, and plaster. Large cracks, especially those in external brickwork, could indicate significant underlying issues that may require costly repairs.
Electrical and Wiring Problems
Faulty wiring can pose a serious fire risk, particularly in older homes or properties where DIY electrical work has been done. Look for signs such as blackened or scorched areas around power points, outdated switchboards, or flickering lights.
Plumbing Troubles
Plumbing issues are more common in older homes, particularly those with original galvanised or cast-iron pipes. Low water pressure, discoloured water, slow drainage, and damp spots around pipes or drains can all signal potential plumbing problems that could be expensive to rectify.
Roofing Defects
A damaged roof can lead to water leaks, structural damage, and even electrical hazards. Look for rust on metal roofing, cracked or missing tiles, sagging gutters, and bubbling paint inside the home, which could indicate past water ingress.
Water Damage and Mould
Excess moisture can cause significant damage and create an unhealthy living environment. Be on the lookout for water stains on walls and ceilings, damp or swollen skirting boards, musty odours, or visible mould growth, particularly in bathrooms, kitchens, and under flooring.
Pest Infestations
Termites and other pests can severely impact a property's structural integrity if left unchecked. Signs to watch for include small piles of wood dust near door and window frames, hollow-sounding timber, bubbled or peeling paint, and discarded termite wings near entry points.
Unapproved or Substandard Work
Renovations or extensions completed without council approval or by unlicensed tradespeople can be a legal and financial headache. If a space looks recently modified, request documentation to verify approvals. If in doubt, contact the local council to confirm whether permits were obtained.
Final Thoughts
While these tips can help you shortlist potential properties, nothing replaces a professional building and pest inspection before committing to a purchase.
A thorough assessment by a qualified inspector ensures you’re making an informed decision and investing in a property with real long-term value.
By taking these precautions, you’ll minimise risk and set yourself up for success in the property market.
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